IsraelDesks Weekly Roundup, December 6th 2024
As 2024 winds down, flagship M&A transactions in Israel highlight continued investment and strategic growth. Herzog advised Menora Mivtachim Holdings Ltd. on its acquisition of a controlling stake in Isracard, with a company valuation of over NIS 3 billion. Goldfarb Gross Seligman and Meitar | Law Offices facilitated the NIS 450m financing for Dekal-Dia Ltd.'s organic waste facility. Shibolet & Co. represented Federman & Sons in FIMI Opportunity Fund’s NIS130m acquisition of a 50% stake in Gat Fertilizers.
In encouraging news, Israeli startups raised over USD 700m in November; Swish Ventures secured USD 60m for its second Seed stage fund; and a Viola Ventures' report highlights Israel’s growing role in the global defensetech sector. Meanwhile, in a feature in Calcalist, Pearl Cohen discussed the growing need for robust cybersecurity strategies.
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