Welcome!

Blog Feed Post

Yorkville Advisors completes 6th proprietary equity financing in Israel

Yorkville closes deal with Orckit Communications Ltd.

(London/New Jersey, 05/08/2010) Yorkville Advisors, LLC, the investment manager to YA Global Master SPV Ltd. has entered into a proprietary equity financing in Israel by closing a $10M Standby Equity Purchase Agreement (SEPA) with Orckit Communications Ltd. (NASDAQ: ORCT; TASE: ORCT). Orckit is a dual listed NASDAQ and Tel Aviv Stock Exchange (TASE) company that facilitates telecommunication providers' delivery of high capacity broadband residential, business and mobile services over wireline or wireless networks.

This transaction represents the 6th proprietary equity financing in Israel, the 3rd in Israel's technology sector. Yorkville's funds have also completed financings in the Israeli real estate and healthcare sectors.

Company

Deal Size

Ticker

Sector

Exchange

Closing Date

Orckit Communications Ltd.

$10.0M

ORCT

Technology

TASE/Nasdaq

Aug. 2010

Biondvax Pharmaceuticals Ltd.

$7.0M

BNDX

Healthcare

TASE

July 2010

Mobile Max Technologies Ltd.

$5.0M

MBMX

Technology

TASE

July 2010

Tower Semiconductor Ltd *

$35.0M

TSEM

Technology

TASE/Nasdaq

April 2010

Tower Semiconductor Ltd.

$25.0M

TSEM

Technology

TASE/Nasdaq

Aug. 2009

Pangaea Real Estate Ltd.

$17.0M

PNGD

Real Estate

TASE

July 2009

Brainsway Ltd.

$15.0M

BRIN

Healthcare

TASE

Dec. 2008

* This transaction was an extension of the $25.0M August 2009 financing with Tower Semiconductor

Pioneered 9 years ago by Yorkville Advisors, a SEPA or Standby Equity Purchase Agreement offers companies a flexible and cost effective way to raise capital. The terms of the SEPA enable a company to raise discretionary funds by issuing new equity based on market price.

Yorkville completed its first Israeli deal in 2008. In 2009 and 2010, the firm continued to build new relationships with companies like Pangaea Real Estate, a respected brand in Israel, Europe and North America. The Yorkville team has established institutional and investment relationships in Israel to effect greater deal flow, and is seeing efforts pay off in 2010.

"We have seen increased Israeli market interest in our financings and have partnered with a number of growth companies listed on the Tel Aviv Stock Exchange," said Wayne Coy, Senior Vice President at Yorkville Advisors.

Shmulik Yannay, a representative of Yorkville based in Tel Aviv noted, "Israel has always been considered a prime source for unique and cutting edge companies and Yorkville provides effective capital facilities to address their needs."

- ENDS -

About Yorkville Advisors
Yorkville Advisors, LLC is a New Jersey, US-based alternative investment firm.

Founded in January 2001 by Mark Angelo, Yorkville specialises in providing innovative debt and equity investments and financing in publicly listed companies worldwide in a variety of sectors including energy, mining, technology media & telecommunication (TMT), healthcare and shipping.

Yorkville tailors its financings to each company's need and offers a mix of debt structures, bridge financings, asset backed loans, equity facilities and, in some cases, equity injections.

Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver, Colorado; London and Hong Kong. The firm also has a joint venture agreement in Italy.

www.yorkvilleadvisors.com

Contact:
Jennifer Cole
Grayling
+44 (0)207 592 7933
[email protected]

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Latest Stories
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).