As Israel prepares to open its borders to visitors, there is no letup in activity across the M&A, Financing, and Capital Markets landscape.
Meitar acted for Bank Hapoalim as it raised USD 1 billion in green CoCo bonds, the first green bond offering ever of an Israeli institution. Another week, another unicorn. Hibob becomes Israel’s latest unicorn after raising USD 150 million, with Tadmor Levy acting for General Atlantic as lead, while Yigal Arnon acted for Lightspeed Venture Partners as it led a USD 200 million investment in Cato Networks, at a valuation of USD 2.5 billion. In the telecoms sector, Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron and Naschitz, Brandes, Amir acted on another cross-border M&A transaction with Space-Communication Ltd. selling 51% of its share capital to a publicly listed Hungarian operator, and in the energy sector – as the world gears up next week for COP26, the global climate change conference in Scotland – there was a landmark transaction in Israel’s energy sector. Mishkei Hakibuzim bought control of Meshek Energy in a transaction valued at over NIS 2 Billion, creating one of the country’s most diversified energy groups, with Lipa Meir advising.
Taylor Wessing and Shibolet hosted business delegation in Dubai led by Israel Export Institute and Bank Hapoalim.
IVC -Meitar’s Q3/2021 report have once again shown the significant impact of large investment amounts on the local tech investment landscape. Most of the money went to Unicorn companies (or Unicorns-to-be) with billion-dollar valuations and above.
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