10 With an interest in innovation, many industries continue to attract attention, interest and funds. According to UK Government data, mechanical power generators, medicinal and pharma products were among the largest exports to and from Israel in the year to Q1 2023, while travel, business and insurance were among the services where there were collaborations – as per the table above. Seef of ERM confirms: “Technology generally, and specifically fintech, media, cyber and data driven technologies are strong. As a firm with very strong links to the UK market, we continue to see a lot of activity. Some of the transactions we have advised on in the last 12 months include representing the buyer of an English FinTech company, representing the sellers of an English company by way of a share transaction with an Israeli buyer, the investment by an English VC into an Israeli start-up, and a great number of finance transactions with Israeli links (where the English loan markets remain dominant)." White & Case’s Turgel adds: “Tech, energy and financial Institutions remain the most active sectors for our practice,” while “healthcare, financial services, cybersecurity and climate tech are a few key areas of activity,” states Bird & Bird’s Meisels. “Given Israel’s position as a key wealth center and a private capital hub, we are particularly active in the Private Client and Private Wealth Disputes fields in Israel,” says Gold of Charles Russell Speechlys. “Unsurprisingly, tech also continues to be particularly active in Israel. The startup scene is particularly busy, and it still holds its reputation as the ‘Silicon Valley of the Middle East.’ Real Estate continues to be buoyant for us as a firm, as high-net-worth individuals in Israel continue to buy and sell valuable assets in London.” Over the past year, UK-Israeli transactions cut across a plethora of industry sectors. In April 2023, UK public company Entain agreed to buy the Israeli sports app, 365Scores for USD160 million, while last October, the Israeli digital insurance company, Lemonade launched in the UK with British residents able to buy Lemonade Contents Insurance. Strong interest persists in cyber, AI, healthcare, fintech and more
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