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New Deal


Announced

Silver Castle to merge with Israel-China Biotechnology.

Financials

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Transaction Value£100m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Israel

Public

Friendly

Merger

collaborations platform

Digital Services

Majority

Domestic

Pending

Single Bidder

Synopsis

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Silver Castle, an investment house, agreed to merge with Israel-China Biotechnology, a collaboration platform. As part of the transaction, Silver Castle shareholders will be allotted shares that will constitute 75% of the merged company. Financial terms were not disclosed. “The move to join TASE is a significant milestone in the evolution of public awareness, as well as in the promotion and recognition of the field of digital assets in Israel. In view of the growth in the global digital currency market, we believe that the Israeli capital market is absolutely ready for digital investing. As the first dedicated crypto-investment house, we offer our clients a direct approach towards innovative investment opportunities, and can make crypto-investing accessible through our professional, experienced and valued team here in Israel," Eli Mizroch, Silver Castle CEO.

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