Our client Zeekit was acquired by the retail giant Walmart

Our client, an Israeli fashion technology startup, Zeekit Online Shopping, was acquired by the retail giant, Walmart. Zeekit, a female-founded startup that combines fashion and technology through its dynamic virtual fitting room platform. The technology allows consumers to virtually “try on” clothing when shopping online, using real-time image processing, computer vision, deep learning, and other […]

Our client Retailors completed an IPO on the Tel Aviv Stock Exchange

Our client, Retailors, a subsidiary of Fox-Wiesel, completed an IPO on the Tel Aviv Stock Exchange. The Retailors IPO has broken records, as within only one hour, the demands were in a volume that could have completed the entire offering. Retailors has raised NIS 572 million at a value of NIS 1.8 billion from investors from Israel […]

Our client Forter has completed its Series F round

Our client, Forter, has completed its Series F round and raised $300M at a valuation of $3B. The company, which works to prevent fraud on eCommerce platforms, previously raised $125M at a $1.3B valuation just six months ago. The company’s solution services over a billion consumers around the world. This funding round was led by […]

Israeli EnergyTech All-Stars 2021

What happens when you have 10 Energy Tech Pitches, live on-stage, and the right investors? -! A physical event in Tel Aviv & an online interactive event via Hopin, where anyone around the world can speak with top founders. When registering, participants that are in Israel will receive an email that will allow them to […]

The ISA has formulated principles and terms for initial public offerings of SPACs in Israel

Dear clients and colleagues, Recently, the Israel Securities Authority (“ISA”) published a list of principles and terms for the initial public offering of Special Purpose Acquisition Companies (“SPAC”). This is in light of the increasing global trend of SPACs initial public offerings. The ISA has examined this issue during the past year, and has conducted […]

Unprecedented Annulment of an ICSID Award for Improper Constitution of the Tribunal

Partner Saar Pauker and associate Benny Winston’s article regarding the Eiser v Spain case was recently published at the Journal of World Investment & Trade. The ad hoc Committee in Eiser Infrastructure Limited and Energía Solar Luxembourg SÀRL v Kingdom of Spain, annulled a unanimous ICSID award in its entirety, inter alia, on the ground that the tribunal […]

Altshuler Shaham and Psagot Merger gets the greenlight

We are happy to update you that Israel’s Competition Commissioner has approved the merger transaction between Altshuler Shaham and Psagot Investment House.  In February, Altshuler Shaham had agreed to acquire Psagot from Apax Partners for 910M NIS, but the deal required regulatory approval. Our partner, and head of our Antitrust and Competition Department, Talya Solomon and associate […]

Herzog Represented Wix

Wix.com, one of the largest web development and design platforms in the world, has acquired Rise.ai, which offers customer re-engagement solutions, such as gift cards, loyalty programs, rewards, and more. Wix will use this acquisition to add additional tools it offers to e-commerce websites on the platform. Our partners Hanan Haviv and Dana Zur Neumann, […]

Herzog represented Nayax in its IPO on the Tel Aviv Stock Exchange

The Nayax IPO is the largest ever technology IPO by both deal size and market cap on the Tel Aviv Stock Exchange, and is the second largest TASE IPO in the last 10 years. Nayax, founded in 2005, is a global leader in digital, cashless, connected payments and commerce solutions primarily focused on unattended retail. […]

Our client Simplex has been acquired by Nuvei

Israeli start-up, Simplex, which offers secure and simple payment services for buying and selling Cryptocurrencies, has been acquired by Nuvei. The Israeli company was sold for $250M and will become part of the services that the Canadian company offers its clients. Our partners, Yair Geva and Yuval Zilber, their associate Lior Katz and intern Ruth Sanders, represented Simplex in this deal. For further reading >> […]

Herzog represented the fintech company Rapyd

The FinTech company, Rapyd , has signed a major agreement worth about a quarter of a billion dollars to lease 13,500 square meters in the Azrieli Triangle tower and another 14,000 square meters in the Azrieli Spiral tower, which is under construction expected to open in 2026. The deal was signed following a great growth in Rapyd’s business, which translated into $400M […]

Herzog represented WeWork in the transaction to transfer all of its assets and operations in Israel to AMPA group

WeWork has changed its operating model in Israel to a franchise. Herzog represented WeWork in the transaction to transfer all of its assets and operations in Israel (including 14 locations) to AMPA group, which will operate those assets under a license, in consideration for royalty payments. This was a complicated deal that required participation of multiple departments within […]

Congratulations to our client, OCV Partners for leading the investment in Orca AI

Congratulations to our client, OCV Partners, for leading the investment in Orca AI, a computer vision startup tackling vessel safety. Zohar Loshitzer, a Principal of OCV Partners, will join Orca AI’s board to provide advice and insight from decades of successfully commercializing emerging technologies. Our partners: Alon Lederman and Dana Zur Neumann, and associates, Avital Zahari and Noa Jasovich, represented OCV […]

Herzog represented Psagot Investments in Insurance Agencies

We recently represented Psagot Investments in Insurance Agencies, a subsidiary of Psagot Investment House, to sell its holding in the insurance agency, Ash Profit, one of the biggest groups in Israel, for 165M shekels. This is the second deal in which we represented Psagot, who is selling off its insurance assets. Our partners Nir Dash and Reut Alcalay and their […]

Client Update – Privacy In Advanced Means of Payment

Dear client and friends,  We would like to draw your attention that on April 22, 2021, the Israeli Protection of Privacy Authority (the “PPA“) has published its final form policy document regarding privacy in advanced means of payment for the transfer of funds and for payments in businesses (the “Policy“). The Policy includes recommendations for […]

Our Client WeWork has changed its operating model in Israel to a franchise

WeWork has changed its operating model in Israel to a franchise. Herzog represented WeWork in the transaction to transfer all of its assets and operations in Israel (including 14 locations) to AMPA group, which will operate those assets under a license, in consideration for royalty payments. This was a complicated deal that required participation of multiple departments within […]

The European Commission Published Draft Regulation on Artificial Intelligence

Technology & eCommerce Regulation in the Spotlight The European Commission has released a Proposal for a Regulation on a European approach for Artificial Intelligence (the “Proposal“), aiming to “improve the functioning of the internal market by creating the conditions for an ecosystem of trust putting into service and use of artificial intelligence in the Union”. […]

Our client DraftKings Inc. has acquired Israeli gamification company Blue Ribbon.

Our client, DraftKings Inc., a sports betting, fantasy sport, and online gaming giant, has acquired Israeli gamification company Blue Ribbon. Blue Ribbon’s technology will be integrated into DraftKings’ products and will enhance user experience. Blue Ribbon’s management and workers in Israel will become an integral part of DraftKings global workforce, and the company is planning to […]

A new international asset manager is coming to Tel Aviv….

The ETF provider Lyxor Asset Management, one of the three largest ETF providers in Europe, has listed a new ETF on the Tel Aviv Stock Exchange. The new ETF invests in the fields of Robotics and Artificial Intelligence, and will be traded both in Israel and in other markets around the world, including the London Stock […]

Our client Plus500 is making its foray into the U.S. futures and options market

Our client, Plus500, is making its foray into the U.S. futures and options market – another step in the company’s transition towards becoming a global multi-asset fintech group. Plus500 agreed to acquire Cunningham Commodities, a regulated futures commission merchant, and Cunningham Trading Systems, a technology trading platform provider operating in the futures and options on […]

Congratulations to our client BAE Systems for the sale of its subsidiary BAE Systems Rokar to Elbit Systems.

Congratulations to our client BAE Systems – a multinational arms, security, and aerospace company, and one of the world’s largest defense companies, for the sale of its subsidiary BAE Systems Rokar International Ltd. (Rokar), to Elbit Systems. Rokar’s specialization in high-end GPS receivers and in guidance systems for advanced defense applications, will further enhance Elbit’s capabilities in […]

Congratulations to our Japanese client SUNCORPORATION for the transaction of its Israeli subsidiary Cellebrite

Congratulations to our Japanese client SUNCORPORATION for the fantastic $2.4 billion transaction of its Israeli subsidiary Cellebrite. Under the transaction Cellebrite will be listed in Nasdaq through a SPAC merger with TWC Tech Holdings II Corp. Our partners Gilad Majerowicz, Aviram Hazak, Eldad Chamam and Dr. Ehab Farah served as Israeli counsel for SUNCORPORATION in this transaction.

Update on New Possibilities to Enter Israel

Dear Clients and Colleagues, As the state of the Covid-19 pandemic continues to improve in Israel, the Israeli government has updated its policy regarding the entry into Israel, and introduced additional possibilities to enter the country, inter alia, for business visitors. In this update we summarize the material issues, currently relevant for business visitors and […]

Fighting for the Truth -An Insiders Discussion with Lawyers at the Legal Frontlines for Israel

Fascinating webinar discussing Israel’s fight in the international legal arena, and the recent ICC decision. Moderated by Jonathan Heuberger- Director for International Cooperation at Israel’ Ministry Of Strategic Affairs and Yaara Deitcher, Head of Robus’ International department, participated by leading experts: Ambassador Daniel Taub Col. (Res.) Daniel Reisner For the full webinar  >> click here […]

Congratulations to our client Sage Global Services Limited, for completing another acquisition in Israel

Congratulations to our client, Sage Global Services Limited, a market leader in cloud business management solutions, for completing another acquisition in Israel, acquiring Task Sheriff, an AI-based SaaS technology start-up. The acquisition will further strengthen Sage’s unique offering of AI-enabled technologies enabling small to medium businesses to automate their accounting processes. Thank you to our partners Alon Lederman and Dana […]

We Represented the AMI Fund in the Sale of ZAP Group

We recently represented the AMI fund in the sale of ZAP Group, which operates, among others, the price comparison website “ZAP,” to the Formula Group. Our Corporate & Securities partners Ran Hai and Reut Alcalay, led the transaction, together with corporate associate Raz Meltzer, Tax partner Dr. Ehab Farah, IP partner Jenia Melkhior and her associate Nadav Lev, Employment partner Maayan Hammer-Tzeelon and her associate Eti […]

Client Update – Data Minimization

Dear client and friends, We would like to draw your attention that on March 25, 2021, the Israeli Privacy Protection Authority (the “PPA“) has published a draft policy document regarding data minimization, for public comments (the “Draft Policy “). The Draft Policy reviews the provisions of the Protection of Privacy Law, 1981 (the “Law“) and suggests […]