Australia and South Korea were at the forefront of cross-border transactions this week in Israel, as NeoGames was bought by Australian gaming company Aristocrat Leisure for USD1.2 billion (Herzog and Latham & Watkins for the target, H-F & Co. for the buyer), while South Korean leisure and hospitality company Yanolja (represented by Watson Farley & [...]
A raft of cross-border deals has hit the headlines during Passover and since, the standout arguably UK company Entain's USD 200 million purchase of the Israeli sports app 365Scores Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron acting for the target). Israel’s Sisram Medical has also expanded its footprint in mainland China with the purchase of [...]
The banking sector has dominated the headlines this past few weeks following the collapse of Silicon Valley Bank, which saw reassurances from President Biden, HSBC buy the UK arm of the collapsed bank, and Israeli officials and law firms reassure start-ups concerned by their exposure to SVB. Recently, Swiss USB bought Credit Suisse, the second [...]
As the world confronts the ongoing war in Ukraine, the contribution of food production towards greenhouse gas emissions, and the logistical challenges that have persisted since the outbreak of Covid, we take a deep dive into the Foodtech and AgTech landscape. In the latest edition of IsraelDesks magazine, a range of domestic and international law firms talk to us on the [...]
It has been a decade since international law firms ventured into Israel. Now, with the number of Israel Desks double - 160, we recap recent trends leading to this.Naschitz, Brandes, Amir & Co. represented Infinya in its acquisition by Veridis Environment and Israel Infrastructure Fund for NIS 2.37 billion in a reverse triangular merger transaction. Herzog acted [...]
A number of flagship transactions took place, including the first international bonds offering for Israel Discount Bank as it issued USD 800 million in senior bonds, with Meitar and Davis Polk & Wardwel acting for the bank, Herzog (local counsel), and Cleary Gottlieb Steen & Hamilton LL (international counsel) for the underwriters, and Israeli fintech company PayEm raised USD 200 [...]
TopNet, Israel's first legal network, has officially launched with five top-ranked niche law firms: Leading IP and Patent law firm - The Luzzatto Group; Renowned Litigation firm Ilan Sofer & Co.; Premier Tax boutique Benjamini & Co.; Israel's largest Real Estate firm Gindi Caspi Law Office; and the commercially acclaimed Y. Ben-Dror Law Offices. Founded by Nishlis Legal Marketing, TopNet is [...]
There has been widespread speculation on the performance of the high-tech sector in the current climate, but the landscape in 2022 still showed strong and positive signs. While the numbers were down on a record-breaking 2021, they were considerably up on 2020 (and showing promise early in 2023). In 2022, There were 100 exits, 66% higher [...]
This past week saw a milestone class action come to an end and a landmark transaction completed. The Israeli Supreme Court rejected an appeal to certify a class action against the holders of the "Tamar" gas reservoir. Agmon & Co. Rosenberg Hacohen & Co. represented the defendants in the largest class action by damages, which [...]
Wishing all our friends, colleagues and clients a successful and happy new year, and if 2023 follows how 2022 finished, the signs are promising, across multiple sectors. In fact, the Economist ranked Israel as the fourth best performing economy in 2022. Recently, Israeli businessman Aaron Frenkel bought 11% of the Tamar gas reservoir in Israel for USD 520 [...]
