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
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace.
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.