Howard Kennedy lead Israeli technology company Ethernity Networks on oversubscribed AIM float
Credits: London Stock Exchange Group
Law firm Howard Kennedy has advised Israel-based Ethernity Networks Limited on its successful AIM float that has seen the company raise £15m through an institutional placing by Nomad and Brokers, Arden Partners. The company’s shares will start trading on AIM today (29 June 2017).
Ethernity Networks was founded in 2004 by CEO David Levi and Vice President R&D Shavit Baruch in Tel Aviv, Israel, to develop data network processing technology that is used in high-end carrier ethernet applications across the telecom, mobile, security and data centre markets.
The Company’s technology, protected by five US patents, is today used by over 400,000 systems globally.
The share placing was oversubscribed, evidencing the attraction of UK investors to this exciting hi-tech growth opportunity.
Howard Kennedy has a strong client following in Israel, particularly with technology businesses with an international focus. We are thrilled to have acted for Ethernity Networks on its successful AIM float and are proud to be part of the Company’s continued success.
Howard Kennedy's strong connections to Israel see the firm acting for Israeli banks, financial advisers, hedge funds, technology companies, development and finance companies, family offices and high net worth individuals.
Arden Partners acted as the company’s nominated adviser and broker and were represented by DAC Beachcroft. Cohen Legal Partners acts for Ethernity Networks on local Israeli legal matters.
Howard Kennedy has 54 partners and numbers 350 people in total and works alongside national and international clients across many disciplines, including banking, corporate and commercial, family, finance, employment, dispute resolution, intellectual property, private client, real estate and tax. Howard Kennedy has particular focus on the Financial Services, Media and Technology, Real Estate, Retail and Leisure, Sports Individuals sectors, and, through HK One, the firm’s legal concierge service for high net worth individuals with complex legal needs.
Matt Baldwin, Coast
Tel: 01233 503200 / 07930 439739
Daryl Atkinson, Business Development & Marketing Director