We were pleased to represent Goldman Sachs as lead underwriter and investment banker as part of a special purpose acquisition company (SPAC) transaction sponsored by affiliates of ION Asset Management, an Israeli asset management firm.  The transaction includes the merger of an ION affiliate with Taboola.com Ltd., one of Israel’s best known technology companies focusing on content discovery and digital advertising. Following the merger, SPAC ION Acquisition Corp. intends to raise $545 million, following which Taboola will become a publicly traded company on the NYSE, with an implied valuation of $2.6 billion. Leading this transaction was Alan I. Annex, Co-Chair of the firm’s Global Corporate Practice and Israel Practice member. In Israel, Joey Shabot, Managing Shareholder of the Tel Aviv office and Ephraim Schmeidler, of Counsel, assisted on the deal. The transaction is expected to close in the second quarter of 2021.

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