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Insights & News /  High Tech

January 4, 2022

jumpTAU Accelerator and Barnea Embark on New Cycle

A new cycle of the jumpTAU accelerator program, from Tel Aviv University, has begun. The accelerator supports multicultural ventures, in an effort to promote cooperation between Arab and Jewish entrepreneurs. Our firm advises the accelerator as part of a broad collaboration with Tel Aviv University. In a meeting held today, four of our attorneys lectured to the entrepreneurs on a number of relevant topics. Daniel Lorber lectured on founders’ agreements, Itay Gura lectured on startup financing, Anat Even-Chen lectured on website regulations and privacy policies, and Ido Freund lectured on intellectual property.

December 21, 2021

Barnea Representing Ness in Acquisition of DXC's Operations for USD 65 Million

Our firm is representing Ness Technologies, owned by Hilan, a TASE-traded software company, in a transaction to acquire 100% of the share capital of DXC Technology's IT services company in Israel (formerly EDS). The scope of the transaction is USD 65 million, and its completion is expected at the end of the first quarter of 2022. Advs. Micky Barnea, Yuval Lazi, Mayer Winkler, and Dana Ben-Yehuda represent Ness in the transaction.

December 20, 2021

Legal Tools for Your Venture’s Success

Yuval Lazi will lecture today on the necessary legal tools to ensure a venture’s success, as part of the entrepreneurship program WE - Women Entrepreneurship. WE is a community that promotes women (mainly female students and alumni) in the entrepreneurship field. It operates on various campuses, including Tel Aviv University, Hebrew University, Bar-Ilan University, Ben-Gurion University, the Technion, Reichman University (IDC Herzliya), and the College of Management.

December 12, 2021

Representing Natoon Group in Sale Worth Over NIS 90 Million

Sagi Gross, Daniel Kleinman, and Izabel Pashayev represented Natoon Group and its shareholders in a sale of control of 70% of the group's holdings to Afcon Holdings, a public company. Natoon Group is engaged in asset management and operation services and the maintenance of fire safety systems.

December 5, 2021

Representing Mashov in Sale Transaction

Our firm represented Mashov, the developer of a school management app, in its sale to the Israeli company Priority. About one million parents and school students use the app on a daily basis to communicate with pedagogical teams. Mashov is a profitable company that employs 25 people. Daniel Lorber, Dor Marinovsky, and Avihay Asulin represented the client in the transaction.

November 25, 2021

Representing Mouro Capital in Investment in Vesttoo

We represented Mouro Capital in its USD 8 million equity investment in the Israeli tech insurance startup Vesttoo, as part of its role as the lead investor in the company's USD 16 million Series B round. Ariella Dreyfuss and Sandra Guzelbahar represented Mouro Capital in the deal.

November 18, 2021

Representing NickNack in Sale to Papaya Global

Yuval Lazi, Itay Gura, Ido Freund, and Inbar Katzir represented the Israeli startup NickNack in its sale to Papaya Global Ltd., a private Israeli company that provides payroll and human resource management computing services to multinational corporations. NickNack is developing a platform that fosters team engagement and togetherness for organizations working remotely.

November 15, 2021

Interview on Workers' Rights in SPAC Issuances

Gett announced last week a USD 1.1 billion merger with an SPAC. This prompted unrest among former Gett employees who feared a dilution of their shares. Adv. Ron Shuhatovich was interviewed by TheMarker about workers' rights during issuances and SPAC processes.

November 10, 2021

Representing Sephira in Sale of Shares to DL Software Group

Barnea represented the French and Israeli group of companies Sephira, a leader in software solutions for healthcare professionals, in the sale of its holdings to the DL Software Group, which was recently acquired by the American PE fund TA Associates. The transaction was led by Samuel Henry Samuel, Dor Marinovsky, and Avihay Asulin. Netta Bromberg provided representation in all labor law matters, and Harel Perlmutter and Nir Ziman advised on all tax issues.

October 7, 2021

Representing GAP Inc. in Acquisition of Israeli Startup

Our firm advised the fashion giant GAP  in its first significant acquisition of an Israeli technology startup. As part of the acquisition, CB4’s team will join Gap as full-time employees. Advs. Simon Jaffa and Ariella Dreyfuss represented the US clothing and accessories retailer.

October 10, 2021

Representing Reef Technology in Acquisition of Israeli Startup Bond

We advised Reef Technology, one of the largest operators of mobility, logistics hubs, and neighborhood kitchens in the United States, on its acquisition of the Israeli logistics startup Bond, which was initially founded as Shookit, a direct-to-consumer grocery startup that delivered fresh produce to clients in the city within hours. The deal was led by Advs. Michael Barnea, Ariella Dreyfuss, and Tal Freilich. Netta Bromberg advised on the employment side. Harel Perlmutter and Hanna Daher advised on the tax side. Anat Even-Chen advised on data privacy and security and other regulatory matters.

October 4, 2021

Representing Azrieli Group in NIS 1.31 Billion Acquisition of Mall Hayam

Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in the acquisition of Mall Hayam for NIS 1.31 billion. Firm partners Terry Almozlino Arnon, Ilan Blumenfeld, and Alon Wolner represented Azrieli in the transaction.

September 29, 2021

Representing Niio in Strategic Partnership and Financing Agreement with Samsung

Our office has served as legal counsel for Niio, a unique digital art platform, since its establishment. The startup recently completed a USD 15 million fundraising round. Firm partners Simon Jaffa and Ariella Dreyfuss also represented Niio in a strategic partnership and financing agreement with Samsung Display, which will exhibit on hundreds of its frames the digital artwork Niio offers.

September 23, 2021

Representing RSBG in USD 140 Million Sale of Cybersecurity Company’s Shares to LG

Barnea represented RSBG Ventures GmbH in the USD 140 million sale of its shares in the Israeli cybersecurity company Cybellum Technologies Ltd., as part an acquisition of a majority stake (65%) in the company by LG Electronics Inc. Firm partners Simon Jaffa and Ariella Dreyfuss led RSBG’s role in the transaction.

August 11, 2021

Calcalist Interview – Reason for Years-Long Drop in Establishment of New Tech Ventures

According to data from the Israel Innovation Authority, since 2014, when 1,404 new startups were formed, there has been a steady decline in the establishment of new startups. For instance, in 2020, only 520 startups were formed. Firm partner Yuval Lazi, an expert in the high-tech field, addresses the phenomenon and analyzes the data in an interview with Calcalist on the subject.

August 11, 2021

Webinar with IBM — Growth Tools for Infant Startups

Barnea is hosting today in collaboration with IBM a webinar on the technological and business challenges that startups in their infancy stages should pay attention to. As part of the webinar, firm partner Yuval Lazi will discuss the business and legal aspects that exist along the way. He will provide participants with tools on how to get their startups on the right path to success.

July 21, 2021

Representing Azrieli Group in NIS 2.8 Billion Acquisition of Norwegian Data Center Company

Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in a share purchase transaction of the Norwegian company 'Green Mountain' for NIS 2.8 billion. The Norwegian company operates three server farms in Norway and holds contracts with a total volume of 24 megawatts.

July 18, 2021

Expert Panel: Challenges of Entering the US Market

Firm partner Daniel Lorber, who specializes in high-tech and startups, will participate in an expert panel on the challenges of entering the US market. This subject is particularly relevant for young startups who have found such a move difficult.

July 13, 2021

Real Estate Transactions Using Digital Currencies – Regulatory Challenges

The volume of real estate transactions incorporating digital currencies is expected to grow in the coming years, especially among young, wealthy, tech-savvy professionals. Zvi Gabbay, the head of our firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authority, was interviewed by Globes on the trend. Zvi noted the regulatory challenges that exist in these types of transactions.

July 5, 2021

Shapir Group Acquires Engineering Company Lipsker for NIS 32 Million

Micky Barnea, Ilan Blumenfeld, and Daniel Kleinman represented Lipsker, an Israeli company that specializes in performing geotechnical work, in its sale to Shapir Engineering and Industry, Israel's leading company in the construction, development, and infrastructure fields. Our legal services include antitrust aspects. The value of the transaction is approximately NIS 32 million.
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