It is back to business and at full swing, following the well deserved Passover break. Shibolet and Paul, Weiss, act for Apollo Global Management as lead investor in a USD 475 million investment. Altshuler Shaham completed a reverse triangular merger and an IPO, with Herzog, Fox & Neeman representing. Gornitzky act for Israel’s largest hospitality group, Fattal Hotels, as it raises Euro 315 million to buy 30 European hotels, capitalizing on market opportunities in the wake of the Covid.
The Israel Innovation Authority has granted the funds for the “world’s largest” consortium for cultivated meat development, with USD 18 million government grant. #Morocco eager for tech cooperation with Israel and self-driving cars are dominating the Israel Innovation Authority’s agenda.
Barely a week goes by when we are not learning about another Israeli unicorn. Axis Innovation contributes an insightful article titled “Hungry Unicorns — Growing M&A Activity by Israeli Unicorns and Scaleups” and we speak to the most prominent tech lawyers in Israel to find out what factors help Israel account for some 8% of global unicorns, with just 0.1% of the global population.
Last, in our recently published annual GC survey, we dive into the relationship between Israeli GCs and their Israeli and international law firms.