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Mergers & acquisitions

FIMI CEO Ishay Davidi credit: Yonatan Bloom FIMI acquires joint control of Payton Industries

Israel's biggest private equity firm will jointly control the transformer manufacturer.

Verbit CEO Tom Livne credit: Arik Sultan Verbit mulls merger with US co 3Play Media

The merger of the transcription companies would take place in collaboration with US investment bank Goldman Sachs and form a profitable company with $130 million annual recurring revenue.

Isracard CEO Ran Oz and Harel vice chairperson Ben Hamburger  credit: Tammy Bar-Shay, PR Harel gives up on acquiring Isracard

In the face of the Competition Authority's opposition, the board of insurance group Harel has decided not to pursue the deal to buy the credit card company.

Isracard CEO Ran Oz and Harel vice chairperson Ben Hamburger  credit: Tammy Bar-Shay, PR Harel not ready to give up on Isracard

Harel is considering an appeal against the Competition Authority's nixing of the merger with the credit card company, while two other suitors await developments.

Asaf Peled Photo: Minute Media Minute Media buys Canadian co STN Video for $150m

The Israeli digital content platform today announced it has acquired North American sports content distribution company STN Video.

Isracard CEO Ran Oz and Harel vice chairperson Ben Hamburger  credit: Tammy Bar-Shay, PR Competition Authority opposes Harel-Isracard merger

The mega deal has been approved by the Bank of Israel and the Capital Markets, Insurance and Savings Authority, but, as feared, has fallen at the third regulatory hurdle.

Taro facility in Haifa  credit: PR Taro to become wholly owned by Sun Pharma

India's Sun Pharmaceutical Industries will pay $43 per share for the 21.5% of Taro that it does not already own. Taro employs 1,550 people in Israel.

Helios credit: Helios Snyk buys Israeli runtime data co Helios

Snyk says the acquisition will further enhance its cloud-to-code risk visibility.

Flow Security founders Jonathan Roizin and Rom Ashkenazi credit: Tal Meshulami CrowdStrike in talks to buy Israeli co Flow Security

The Tel Aviv based cloud data protection company would likely sell for $60-80 million.

Meta credit: Shutterstock Meta fined for two unreported acquisitions in Israel

Meta will pay the state NIS 25 million for not reporting the acquisitions of Redkix and Servicefriend in 2018 and 2019.

Izhar Shay   credit: Elad Malkah Israeli tech co Pomvom agrees Nasdaq SPAC merger

The amusement park technology company will merge with Israel Acquisitions Corp. at a total equity value of $125 million and delist from the TASE.

Isracard CEO Ran Oz and Harel Deputy Chairman Ben Hamburger credit Tami Bar Shay and PR Second regulator approves Harel acquisition of Isracard

The Capital Markets, Insurance and Savings Authority has approved the deal subject to restrictions. The Competition Authority remains the last, and most difficult, hurdle.

UserWay CEO Allon Mason credit: UserWay Level Access to buy Israeli AI co UserWay

The US digital accessibility solutions company will pay $98.7 million for the Israeli digital accessibility AI company.

Stratasys headquarters  Eyal Izhar Nano Dimension renews Stratasys takeover bid

Nano Dimension has offered to buy all Stratasys's shares in cash for $16.50 per share, a 25.9% premium on the company's current share price.

IBI Investment House CEO David Lubetzky  credit: Ilan Besor IBI, The Phoenix buy Psagot mutual funds

IBI is buying Psagot's passive funds for NIS 150 million, while The Phoenix Holdings is buying its active funds for NIS 147 million.

Dental clinic  credit: Shutterstock Check-Cap shareholders reject merger with Keystone Dental

Opposition to the deal was led by Canadian investor Symetryx Corporation. Keystone Dental will now raise capital as a privately held company.

M&A's credit: Shutterstock PwC: Israel M&A deal value slumps to 9-year low

Overall M&A deal value in Israel in 2023 amounted to $9.8 billion, down 46% from $18 billion in 2022, according to the PwC Israel 2021 M&A Report.

Perion CEO Tal Jacobson credit: Ohad Dayan Perion Networks buys Canadian ad tech co Hivestack

The Israeli digital ad company will pay $100 million cash and up to $25 million more in milestone payments.

Isracard CEO Ran Oz and Harel Deputy Chairman Ben Hamburger credit Tami Bar Shay and PR Competition Authority: Isracard sale to Harel harms competition

The Israel Competition Authority's opposition to the merger likely stems from the fact that Harel controls 37% of the health insurance market.

Fortissimo Capital managing partner Yuval Cohen  credit: Shlomi Yosef Why does Fortissimo want Cellcom?

A telecommunications company with high debt does not look like a natural fit for Israel second biggest private equity firm.

Yuval Cohen  credit: Eyal Izhar Fortissimo wins bid for control of Cellcom

Fortissimo has signed an MOU with Discount Investment to buy its 35.6% stake in telco Cellcom at a company valuation of NIS 2.6 billion.

Assaf Rappaport  credit: Omer Hacohen Cloud security co Wiz buys Israeli startup Rafft

The acquisition, the first by Wiz, is estimated to be in the tens of millions of dollars. Wiz CEO Assaf Rappaport: Acquiring Rafft will assist in our efforts to promote secured development in the cloud.

Cellcom credit: Eyal Izhar Discount Investment in talks to sell Cellcom

Discount Investment holds a 36% controlling stake in the Israeli telecom company.

CartiHeal CEO Nir Altschuler  credit: Eyal Izhar Smith+Nephew buying CartiHeal for up to $330m

A previous deal with US company Bioventus fell through. Israeli company CartiHeal has developed an implant for treating cartilage and joint surface lesions in the knee.

Melio founders Ilan Atias and Matan Bar credit: Dana Tamari BILL Holdings denies Melio acquisition report

"Bloomberg" reported that the US company would acquire Israeli fintech company Melio for $1.95 billion. BILL Holdings: BILL is not pursuing any such acquisition at this time.

Melio founders Ilan Atias and Matan Bar credit: Dana Tamari Bill Holdings in advanced talks to buy Melio for $1.95b - report

"Bloomberg" reports that the Israeli fintech company is set to be acquired for less than half its valuation in 2021.

Talon Cyber Security founders credit: Shay Sharon Palo Alto Networks confirms Talon acquisition

Palo Alto Networks will pay an estimated $625 million for the enterprise browser company - its second Israeli acquisition this month.

Isracard CEO Ran Oz  credit: Tammy Bar-Shay Harel, Isracard extend merger deadline

Isracard's share price plunged in the past two weeks amid assessments that the deal with Harel would not go ahead, but it is up nearly 15% in today's session.

Dig Security founders Ido Azran, Dan Benjamin , Gad Akuka  credit: Eyal Marilus Palo Alto Networks confirms Dig Security acquisition

Cybersecurity company Palo Alto will pay $300-400 million for the Israeli data security posture management startup.

Yair Nechmad and David Ben-Avi credit: David Zisser Nayax acquires POS software co Retail Pro

The acquisition will expand the scope of Nayax’s retail business and solutions to over 9,000 retailers with 150,000 POS lanes in over 100 countries.

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