The food and beverage manufacturing giant, Strauss, its former CEO Giora Bardea, and CFO Ariel Chetrit are alleged to have attempted to coordinate price hikes with competitors, according to a report in the Times Of Israel. According to the hearing documents, Strauss allegedly informed its competitors that it was considering raising prices in an attempt […]
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Growth fund Qumra Capital, an Israeli venture focused on high-tech companies at the mature stage, has raised USD275 million for its fourth fund, according to Globes. Despite the slowdown in the industry and the global decline in returns attributed to venture capital funds investing in equity in start-up companies, Qumra has managed to raise its largest […]
Israeli pregnancy care company, Nuvo Group has announced its plans to merge with LAMF Global Ventures Corp. I (LGVC), a publicly traded special purpose acquisition company (SPAC). The combined public company is expected to be listed on Nasdaq. The strategic move, which aims to take Nuvo public, has secured unanimous approval from the boards of both […]
Renewable energy company, Prime Energy will sell electricity to Electra Power for 15 years from facilities with a storage capacity of 375 megawatt per hour, according to a recent agreement signed between them. Founded in 2013, Israel-listed Prime Energy is a leader in the field of renewable energy. Electra Power is part of the Elco […]
Israeli cloud security start-up Laminar has been acquired by U.S. company Rubrik for an estimated amount of USD200-250 million, according to a report in Calcalist. Previous negotiations to buy the company had included U.S. software company Datadog. This marks a significant exit for Laminar, a three-year-old company that has raised USD67 million to date. The […]
Bank Leumi, Visa, and United Airlines have announced their launch of a new credit card in Israel, While new cardholders are to be automatically enrolled in United Airlines’ customer loyalty program, United MileagePlus, miles can also be earned through everyday purchases, shopping and dining. Goldfarb Gross Seligman advised Bank Leumi, led by partner Ido Amir […]
Read more about the maintained credit rating in Globes.
Shikun & Binui Energy Ltd., which produces electricity using natural gas and renewable energy sources, has issued NIS 750 million, despite the current challenges in the Israeli capital market. Gornitzky acted for the company, with the transaction led by partner Sharon Werker-Sagi, together with attorneys Alon Shcher Ansky and Harel Tadmor.
Egged has raised NIS 494 million in a bond issue to institutional investors, with demand exceeding NIS 1 billion and the participation of all the institutional investors in Israel. Goldfarb Gross Seligman acted in the issuance, with a team comprising partners and associates in the Corporate, Mergers & Acquisitions Department, Esther Koren, Ifat Sheftel-Ben Zvi, […]
Bank Leumi has closed a NIS 510 million facility agreement with Menorah Synergy, a subsidiary of TeraLight and Senergy Renewable Energy, to finance a portfolio of photovoltaic power plants on roofs and reservoirs totaling approximately 124 megawatts. ERM advised the bank, led by partners Amnon Epstein, Chen Weiss, associates Nir Shaked and Ori Nehmad from the […]
