Bank Leumi has carried out an international USD500 million bond offering, the first green bond offering by the bank, which will use the proceeds to finance green projects. White & Case advised as international counsel, with Herzog acting as local counsel on this complex transaction. Calling on specialists from the Capital Markets, Banking, and Tax teams, […]
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Nasdaq-listed Shockwave Medical, Inc., a pioneer in the treatment of cardiovascular disease, has agreed to buy public company Neovasc Inc., focused on the minimally invasive treatment of refractory angina. Shockwave expects to complete the transaction in the first half of 2023. Blake, Cassels & Graydon LLP and Skadden, Arps, Slate, Meagher & Flom LLP are […]
Israeli company Nipendo is being acquired by American Express. Founded in 2008, Netanya-headquartered Nipendo is used by global businesses to automate and streamline business-to-business (B2B) payments processes. Nipendo has raised just USD 12 million to date according to Crunchbase, with its last funding round being a Series B almost 10 years ago. The company employs […]
Investments in early-stage start-ups, and Seed investments, in particular, are the fuel that will drive Israeli high-tech in 2023, CTech’s comprehensive VC survey has shown. Interviews held with dozens of VC executives who invest in companies at various stages revealed that in the coming year Seed investments will reign over all others. Read more in […]
Israeli start-ups raised over USD 500 million in December 2022, according to press releases seen by financial newspaper, Globes. In December, the major financing rounds that were completed included: * Cybersecurity company Snyk, which raised USD 196.5 million. * Metabolism measurement device company Lumen raised USD 62 million * Precision pollination company Beehero raised USD […]
Amid a global rout in equities, some recently listed European tech companies have seen their shares plummet by up to 98%. That means startups looking for an exit must find other means this year — namely being bought by another company. Larger companies will take advantage of their smaller peers’ reduced valuations to add different dimensions to […]
Herzog Fox & Neeman ranked top of the table in Deal Volume for MEA, followed by Meitar in six place and Yigal, Tadmor-Levy in 14th place, according to Mergermarket’s year end report. Gornitzky was ranked as the leading law firm in Israel by value and 11th overall in MEA, with Agmon & Co., Rosenberg Hacohen […]
Two weeks after the Bank of Israel awarded a conditional license to new Israeli bank Esh, the bank has announced that Clal Insurance and Finance will invest NIS 100 million in the Esh group. The companies will take a 4.99% stake in each of the group companies, the bank and the technology company. The bank […]
Steakholder Foods Ltd. an international deep-tech food company listed on Nasdaq has closed its public offering of 6,500,000 American Depositary Shares and warrant, raising gross proceeds of USD 6.5 million. With facilities in Rehovot, Israel and Antwerp, Belgium, Steakholder Foods Ltd., formerly MeaTech 3D Ltd., is an international deep-tech food company at the forefront of […]
The sale of Israel’s Haifa port has been finalized for NIS 4.1 billion (appx. USD 1.15 billion, cementing the country’s position as a regional economic power. A consortium headed by India’s Adani Group has finalized its purchase of Israel’s Haifa Port, Israel’s Finance Ministry announced. Previously, the Haifa Port was run by the Haifa Port […]
