Israel Desks https://israeldesks.com/ Israel Desks Tue, 01 Jul 2025 21:14:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 Phoenix Group: Leading Through Crisis https://israeldesks.com/phoenix-group-leading-through-crisis/ https://israeldesks.com/phoenix-group-leading-through-crisis/#respond Tue, 01 Jul 2025 05:55:56 +0000 https://israeldesks.com/?p=8052 In June 2025, just one day after the U.S. formally joined the regional conflict, Herrick partner Yariv Ben-Ari, co-chair of the firm’s Israel Practice Group, sat down with Menachem (Meni) Neeman, Deputy CEO and Chief Legal Counsel of The Phoenix Group—Israel’s largest financial institution—for a candid conversation on leadership under wartime conditions. Neeman describes how Phoenix has responded […]

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In June 2025, just one day after the U.S. formally joined the regional conflict, Herrick partner Yariv Ben-Ari, co-chair of the firm’s Israel Practice Group, sat down with Menachem (Meni) Neeman, Deputy CEO and Chief Legal Counsel of The Phoenix Group—Israel’s largest financial institution—for a candid conversation on leadership under wartime conditions.

Neeman describes how Phoenix has responded to legal ambiguity, capital market volatility, and workforce disruption caused by emergency military mobilization, school shutdowns, and closed airspace. Despite these challenges, Israel’s financial sector continues to function with resilience, and Phoenix maintains operational continuity while reassessing exposure and securing liquidity.

The conversation reveals not only the mechanics of navigating instability but also the emergence of new strategic opportunities amid crisis. It is a powerful account of institutional resolve, leadership under fire, and the forward drive of Israel’s capital markets.

Learn more from Herrick here.

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Xero Acquires Israeli Fintech Melio for up to USD3 Billion https://israeldesks.com/xero-acquires-israeli-fintech-melio/ https://israeldesks.com/xero-acquires-israeli-fintech-melio/#respond Mon, 30 Jun 2025 10:44:37 +0000 https://israeldesks.com/?p=8048 Global small business platform Xero, headquartered in New Zealand, has acquired Melio, an Israeli-founded fintech company streamlining accounts payable and receivable for U.S. small businesses. The deal marks another milestone for the Israeli fintech sector. The acquisition is expected to be funded through a mix of cash and equity, with an upfront consideration of USD2.5 […]

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Global small business platform Xero, headquartered in New Zealand, has acquired Melio, an Israeli-founded fintech company streamlining accounts payable and receivable for U.S. small businesses. The deal marks another milestone for the Israeli fintech sector.

The acquisition is expected to be funded through a mix of cash and equity, with an upfront consideration of USD2.5 billion in cash and equity consideration and up to USD500 million in contingent, deferred and rollover consideration may be payable over the next three years

Co-founder and CEO Matan Bar announced the deal, emphasizing that Melio will continue to operate independently, maintaining its open-platform approach while integrating with Xero’s cloud-based accounting suite. Melio currently processes tens of billions of USD annually.

Wilson Sonsini Goodrich & Rosati and Gornitzky advised Xero on the transaction, together with A&O Shearman and Australia’s Gilbert & Toibin.

Melio received legal counsel from Goldfarb Gross Seligman in Israel and Goodwin Procter LLP in the United States. The acquisition marks another major milestone for Israel’s fintech sector and reinforces its global relevance in business software and financial innovation.

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Small Firms Await Tax Relief https://israeldesks.com/small-firms-await-tax-relief/ https://israeldesks.com/small-firms-await-tax-relief/#respond Mon, 30 Jun 2025 10:36:14 +0000 https://israeldesks.com/?p=8046 After recent Iranian missile attacks, dozens of Israeli small enterprises—restaurants, shops, and service providers—suffer property and equipment damage. These businesses now await verification and payout from the Israeli Tax Authority, which administers the government relief program Owners report sluggish processing times, unclear eligibility criteria, and stalled reimbursement despite incurring thousands of USD in repair costs. […]

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After recent Iranian missile attacks, dozens of Israeli small enterprises—restaurants, shops, and service providers—suffer property and equipment damage. These businesses now await verification and payout from the Israeli Tax Authority, which administers the government relief program

Owners report sluggish processing times, unclear eligibility criteria, and stalled reimbursement despite incurring thousands of USD in repair costs. Industry associations say the delays compound already severe financial stress and risk driving some operations into insolvency.

Officials acknowledge the backlog and promise expedited reviews, though no firm timeline exists. Small-business advocates urge faster clarity and streamlined procedures to stabilize local economies amid ongoing regional tensions.

Read more in Jerusalem Post.

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Israel Tech Raises Record USD9.3B https://israeldesks.com/israel-tech-raises-record-usd9-3b/ https://israeldesks.com/israel-tech-raises-record-usd9-3b/#respond Mon, 30 Jun 2025 10:33:20 +0000 https://israeldesks.com/?p=8044 Israeli startups pulled in a staggering USD 9.3 billion in funding during the first half of 2025, marking the highest performance since 2022. Even without the extraordinary USD 2 billion raise from AI firm Safe Superintelligence—which straddles Palo Alto and Tel Aviv—capital inflows remain strong at USD 7.3 billion, far outpacing the total USD 10 billion raised across all of 2024. Enterprise software […]

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Israeli startups pulled in a staggering USD 9.3 billion in funding during the first half of 2025, marking the highest performance since 2022.

Even without the extraordinary USD 2 billion raise from AI firm Safe Superintelligence—which straddles Palo Alto and Tel Aviv—capital inflows remain strong at USD 7.3 billion, far outpacing the total USD 10 billion raised across all of 2024.

Enterprise software led with USD 3.2 billion across 71 deals; cybersecurity startups secured USD 2 billion in 56 deals; and fintech claimed third place with USD 750 million in 29 rounds

Learn more in Calcalist.

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Investors Flock to TASE https://israeldesks.com/investors-flock-to-tase/ https://israeldesks.com/investors-flock-to-tase/#respond Mon, 30 Jun 2025 10:30:27 +0000 https://israeldesks.com/?p=8042 There has been a cumulative jump of about 7% in the leading Tel Aviv-125 Index, since the successful surprise attack in Iran on June 13, makes the TASE one of the best performing stock markets in the world since the beginning of the year (after South Korea, Hungary, Poland and Russia), and the best in […]

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There has been a cumulative jump of about 7% in the leading Tel Aviv-125 Index, since the successful surprise attack in Iran on June 13, makes the TASE one of the best performing stock markets in the world since the beginning of the year (after South Korea, Hungary, Poland and Russia), and the best in the West, with a return of 19% in the leading index.

For comparison, the Wall Street S&P 500 index has risen by less than 2% since the start of 2025.

Read more in Globes.

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Merlin’s First Cybersecurity Fund https://israeldesks.com/merlins-first-cybersecurity-fund/ https://israeldesks.com/merlins-first-cybersecurity-fund/#respond Mon, 30 Jun 2025 10:27:17 +0000 https://israeldesks.com/?p=8040 Merlin Ventures, a Tel Aviv–based venture capital affiliate of Merlin Group, has closed an oversubscribed inaugural fund of more than USD 75 million to invest in early-stage Israeli cybersecurity startups. The vehicle, led by Managing Partners Seth Spergel and Shay Michel with support from Merlin Group CEO David Phelps, fast-tracks disruptive technologies into U.S. federal markets and co-invests with top U.S. funds.

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Merlin Ventures, a Tel Aviv–based venture capital affiliate of Merlin Group, has closed an oversubscribed inaugural fund of more than USD 75 million to invest in early-stage Israeli cybersecurity startups.

The vehicle, led by Managing Partners Seth Spergel and Shay Michel with support from Merlin Group CEO David Phelps, fast-tracks disruptive technologies into U.S. federal markets and co-invests with top U.S. funds.

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Israeli AI Video Platform Viewbix Uplists to Nasdaq https://israeldesks.com/israeli-ai-video-platform-viewbix-uplists-to-nasdaq/ https://israeldesks.com/israeli-ai-video-platform-viewbix-uplists-to-nasdaq/#respond Mon, 30 Jun 2025 10:22:46 +0000 https://israeldesks.com/?p=8035 Israel-based digital advertising and AI video platform Viewbix Inc. successfully uplisted from OTC Markets to the Nasdaq Capital Market under the ticker VBIX, marking a pivotal step in its growth strategy. Specializing in data-driven ad-tech and content monetization, Viewbix offers performance-based marketing solutions across video and connected TV for global brands and publishers. A cross-border […]

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Israel-based digital advertising and AI video platform Viewbix Inc. successfully uplisted from OTC Markets to the Nasdaq Capital Market under the ticker VBIX, marking a pivotal step in its growth strategy. Specializing in data-driven ad-tech and content monetization, Viewbix offers performance-based marketing solutions across video and connected TV for global brands and publishers.

A cross-border team from Greenberg Traurig, led by Mark Selinger, Gary Emmanuel, Eyal Peled, and Brandon Sloane, advised the company on U.S. securities law and capital markets strategy. The uplisting enhances Viewbix’s access to institutional investors and supports expansion into the U.S. market.

The company celebrated its first day of Nasdaq trading on June 4, 2025.

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CyberArk Closes USD 1.1 Billion Notes Deal https://israeldesks.com/cyberark-closes-usd-1-1-billion-notes-deal/ https://israeldesks.com/cyberark-closes-usd-1-1-billion-notes-deal/#respond Mon, 30 Jun 2025 10:14:08 +0000 https://israeldesks.com/?p=8033 CyberArk Software Ltd., a U.S.-listed Israeli cybersecurity company specializing in identity security solutions, has completed a USD 1.1 billion upsized private offering of convertible senior notes due 2029. The transaction closed in June and CyberArk intends to use the proceeds for share repurchases and general corporate purposes. Latham & Watkins advised CyberArk on the offering and Goodwin […]

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CyberArk Software Ltd., a U.S.-listed Israeli cybersecurity company specializing in identity security solutions, has completed a USD 1.1 billion upsized private offering of convertible senior notes due 2029.

The transaction closed in June and CyberArk intends to use the proceeds for share repurchases and general corporate purposes.

Latham & Watkins advised CyberArk on the offering and Goodwin advised the initial purchasers in the offering.

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Teva Pharmaceutical Completes USD2.3 Billion Offering https://israeldesks.com/teva-pharmaceutical-completes-usd2-3-billion-offering/ https://israeldesks.com/teva-pharmaceutical-completes-usd2-3-billion-offering/#respond Mon, 30 Jun 2025 10:08:24 +0000 https://israeldesks.com/?p=8030 Teva Pharmaceutical Industries Ltd. completed a comprehensive USD 2.3 billion senior bond offering accompanied by a coordinated tender offer designed to refinance and optimize its debt capital structure. Israeli law firm Herzog represented a syndicate of top lenders—including BNP Paribas, BofA Securities, HSBC, and J.P. Morgan—on Teva Pharmaceutical Industries Ltd.’s USD 2.3 billion senior bond issuance and parallel tender offer. Herzog’s […]

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Teva Pharmaceutical Industries Ltd. completed a comprehensive USD 2.3 billion senior bond offering accompanied by a coordinated tender offer designed to refinance and optimize its debt capital structure.

Israeli law firm Herzog represented a syndicate of top lenders—including BNP Paribas, BofA Securities, HSBC, and J.P. Morgan—on Teva Pharmaceutical Industries Ltd.’s USD 2.3 billion senior bond issuance and parallel tender offer.

Herzog’s deal team comprised Ron Ben‑Menachem, Mohammad Mawasi, Yaakov Rosenblum, and Shani Balak from its Corporate & Securities Department, alongside Dr. Yuval Navot, Eldad Chamam, Dr. Ehab Farah, and Ronen Avner from its Tax Department.

Meanwhile, Baker & McKenzie served as lead counsel to the underwriting banks, with the cross-border team led by London-based Capital Markets and Leveraged Finance partners David Becker, Rob Mathews, and Ben Bierwirth.

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Econergy Secures NIS 250M Boost https://israeldesks.com/econergy-secures-nis-250m-boost/ https://israeldesks.com/econergy-secures-nis-250m-boost/#respond Mon, 30 Jun 2025 10:02:25 +0000 https://israeldesks.com/?p=8027 Econergy Renewable Energy Ltd., a leading Israeli player in the renewable energy sector, has raised approximately NIS 250 million through a private placement of shares to institutional investors. The transaction, completed amid Israel’s ongoing economic uncertainty, signals strong investor confidence in Econergy’s long-term strategy and in the broader clean energy market. Erdinast, Ben Nathan, Toledano […]

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Econergy Renewable Energy Ltd., a leading Israeli player in the renewable energy sector, has raised approximately NIS 250 million through a private placement of shares to institutional investors.

The transaction, completed amid Israel’s ongoing economic uncertainty, signals strong investor confidence in Econergy’s long-term strategy and in the broader clean energy market.

Erdinast, Ben Nathan, Toledano represented Econergy in the capital raise. The legal team included Moty Yamin, Meni Kogan, Chen Balaban, and Esti Rashragovich Bar, all from EBN’s Capital Markets Department.

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