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2016 exits at $10 billion in 104 deals
with 93 M&As, 8 buyouts and 3 IPOs
2016 Israeli high-tech exit highlights
$10B in exit proceeds in 2016 including the Playtika deal
The average exit in 2016 reached $46.3M* – 21% below the $58.4M** five-year average
VC-backed average exits multiple in 2016 was higher than five-year average
Semiconductors led all exits with $1.34B***
Buyouts and M&A deals maintained a constant share over the past five years
27% of M&A deals involved Israeli high-tech companies on both the acquiring and acquired sides
* Including Playtika deal** Including Playtika & NDS deals *** Excluding Playtika deal
Overview
Analysis of Israeli high-tech exits 2012-2016
IVC-Meitar High-Tech Exits Report
Israeli high-tech exits 2012-2016 ($B)
5.00 4.40
9.76
6.73
7.78 7.79
8.80
93
105
124
116
96
0
20
40
60
80
100
120
140
0
2
4
6
8
10
2012* 2013 2014 2015 2016**
Exit Amount $b # of Exits
$B #
Israeli high-tech M&As and IPOs in 2016 reached a total of $8.8B, 50% of which were generated by a single deal – the $4.4 acquisition of Playtika by Giant Interactive Group
The $ amounts reflect a total 13% increase in M&A and IPO exits compared to 2015’s $7.79B
96 deals closed in 2016, 17% below the number of deals reached in 2015 and 10% below the five-year average
* 2012 – Including $5B NDS exit** 2016 – Including $4.4B Playtika acquisition*** Excluding buyouts
Source: IVC-Meitar Exits Report 2016
Israeli high-tech exits by type: IPO, M&A and buyout2012-2016 ($B)
9.76
6.375.68
7.18
8.78
0.36 2.10
0.61
0.02
1.61
0.56
2.051.11
1.22
11.37
7.29
9.82
8.90
10.02
108113
142
124
104
0
20
40
60
80
100
120
140
160
0
2
4
6
8
10
12
2012* 2013 2014 2015 2016**
M&A IPO Proceeds Buyouts Total Deals
$B#
M&As were still the dominant option at 88% amount of exits in 2016, but number # of deals he lowest since 2011
In the past five years, buyouts maintained an average of 15% of total exit billions, with an annual average $1.5B in buyouts, except for 2013 ($0.56B)
Apart from 2014, in which IPOs reached a record $2.1B in 17 deals, IPOs share held an average of 5% of all exit deals in the past ten years (7% in the past 5). In fact, 2016 logged the second lowest number of IPOs with only three deals, totaling just above $15M
With a lack of public market options, buyouts are left as the valid avenue for investor returns while the company itself remains independent
We believe the numbers represent a true change in the Israeli entrepreneurs’ and investors state of mind, preferring company growth over early acquisition. For further analysis, see the M&As – The Acquirer Side section.
The numbers above the bars represent the total $B in all deals* 2012 – Including $5B NDS exit** 2016 – Including $4.4B Playtika acquisition
Source: IVC-Meitar Exits Report 2016
Israeli high-tech exits in 2012-2016
4.76
6.73
7.78 7.79
4.40
92
105
124
116
94
0
20
40
60
80
100
120
140
0
1
2
3
4
5
6
7
8
2012* 2013 2014 2015 2016**
Exit Amount $b # of Exits
$B #
Since the following mega deals $5B NDS deal in 2012 and the $4.4B Playtika deal in 2016, skews the data, we repeated the analysis for M&As and IPOs without these two deals
The analysis anchors 2015 and 2014 as the strongest in exits in the past five years in terms of total exits amount, although 2014’s total number of exit deals was 7% higher than the total number of deals achieved in 2015.
The analysis shows 2016 numbers were actually very similar to 2012’s $4.76B in 92 deals. In fact, looking over the past decade, 2016 nearly tied with 2007 and 2012, far above 2008-2010’s average $2.65B in 86 deals.
Source: IVC-Meitar Exits Report 2016
* 2012 – Excluding $5B NDS exit** 2016 – Excluding $4.4B Playtika acquisition*** Excluding buyouts
Average exit deal 2012-2016: excluding NDS & Playtika deals
51.8
64.1
62.767.1
46.3
68.4
103.6
65.5
74.6
52.4
0
20
40
60
80
100
120
2012* 2013 2014 2015 2016**
Average Exit Deal $m
Average VC-backed Exit $m
Keeping with the more leveled analysis excluding the NDS and Playtika mega deals, the average exit deal in 2016 stood at $46.3M, 31% below the $67.1M garnered in 2015, and 21% below the $58.4M five-year average.
Average VC-backed exits in 2016 dropped to $52.4M, 31% down from the $74.6M VC-backed average deal in 2015, and 28% below the five-year average of $72.9M.
While VC-Backed exits kept above the total average, the difference between the average exit deal and the average VC-backed deal in 2016 was a mere 12%.
$M
Source: IVC-Meitar Exits Report 2016
* 2012 – Excluding $5B NDS exit** 2016 – Excluding $4.4B Playtika acquisition*** Excluding buyouts
Average exit multiple* 2012-2016: excluding NDS & Playtika deals
3.53
4.35
5.29
4.154.34
2.54
5.09
2.97
2.25
3.32
0
1
2
3
4
5
6
2012* 2013 2014 2015 2016**
Total multiple VC-backed deals multiple
Where 2016 proved better than the previous year, the average exit multiple which was at 4.34x for exits made in 2016, was just below the 2013’s 4.35x multiple who was second only to 2014’s exceptional record of 5.29x
For VC-backed deals 2016 ended with a 3.32x average multiple, a close second to 2013’s remarkable 5.09x multiple
VC-backed as well as total deal multiples in 2016 exceeded the five-year averages of 3.23x and 4.33x, respectively
The numbers reflect, yet again, investors are not pushing for exits at all costs, but are looking into alternatives closely. An opportunity to sell requires positive returns and substantial multiples, otherwise companies and investors are choosing to wait patiently, opting for company growth
$M
Source: IVC-Meitar Exits Report 2016
* 2012 – Excluding $5B NDS exit** 2016 – Excluding $4.4B Playtika acquisition
General Remark: Exit multiple is calculated by dividing the total exits $B made in a year by total capital raised before exit by the companies exiting that same year, excluding buyouts
Top 10 deals in 2016
Source: IVC-Meitar Exits Report 2016
Communications
Semiconductors
Software
Software Life SciencesInternet
Life SciencesInternet
Semiconductors
Semiconductors
Top deals in 2016
The top 10 deals of 2016 accounted for 84% of total $B exits, excluding buyouts
Three of the top deals involved semiconductors companies, and accounted for 15% of total exits ($B)
The largest acquisition deal in 2016 was that of Playtika by Chinese online gaming company, Giant Interactive Group for $4.4B, following a previous acquisition by Caesars Entertainment in 2011. While there have been a number of debates on the qualifications of this deal as an exit, and while it is a slight deviation from our usual methodology, we decided to include it,since a current shareholder in Caesars Entertainment shared with us the fact that Caesars investors view Playtika as an Israeli exit.
The second largest deal in 2016 involved two Israeli companies – the acquisition of EZchip by Mellanox for $811M, was first announced in late 2015 by both companies, but was closed in February 2016 after having been approved by the Ezchip board and formally reported to the TASE exchange
Top 5 deals 2012-2016: Over $1B
2012 2016 2015 2013 2014
IPO
Source: IVC-Meitar Exits Report 2016
Top 3 buyouts in 2016
Three buyouts performed in 2016 accounted for 18% of all exit deals in 2016, and 17% of total buyout proceeds of the past five years
Foreign private equity funds – Siris Capital, Francisco Partners and Providence Strategic Growth were responsible for the buyouts of XURA (formerly Comverse), SintecMedia and Skybox, respectively
While for Francisco Partners this was a fourth deal in Israeli in the past three years – both Siris Capital and Providence Equity made their debut investments in Israel in 2016
Software SoftwareCommunications
Source: IVC-Meitar Exits Report 2016
Featured Clusters
Analysis of exits in the cyber security, adtech & automotive clusters
2012-2016
IVC-Meitar High-Tech Exits Report
Clusters – what and how? This section is dedicated to a focused analysis of three technological clusters that
attract significant attention from investors. The analysis provides data and observations with respect to the pattern of exists and investments in these clusters over a five year period. We believe that this analysis is helpful in understanding the developments and trends in these clusters.
Generally the IVC-Online Database categorizes each company into one individual sector, however companies are often related to more than one cluster, based on various aspects of their technological capabilities, target markets and product or service application. Therefore, companies may be analyzed under more than one cluster and an aggregation of the data of multiple clusters is inapplicable. A separate section will be dedicate to sector analysis following this one.
We focused on cyber security, adtech and automotive, because we believe these clusters represent prominent industry segments. Cyber security involves tremendous Israeli talent that has been the basis for a large cluster of companies, with over 450 companies operating today ; adtech has seen meaningful growth over the years but has recently experienced some bumps and challenges and faces uncertainty; the automotive cluster has garnered world attention over the past year, and is on the rise with the progress of companies impacting not only the much debated autonomous car technologies, but also the so-called ‘traditional’ transportation and automotive industry.
Below is a quick glossary:
Adtech - technologies developed for managing, tracking and monetizing advertising and marketing campaigns.
Cyber Security - technologies for the protection of information systems from theft or damage to hardware, software, or the information stored on them.
Automotive - technologies including vehicle connectivity solutions, products and services such as sensors, wireless & cellular modules, processors, fleet management tools, and on board applications for navigation, telematics or infotainment.
Adte
ch e
xits
201
2-20
16
385
42
259
577
238
265
82
4
6
17
13
11
0
2
4
6
8
10
12
14
16
18
0
100
200
300
400
500
600
700
2012 2013 2014 2015 2016
M&A IPO Buyout # of deals
99
251 227
387
131
27
37
31
45
29
0
10
20
30
40
50
0
100
200
300
400
500
2012 2013 2014 2015 2016
Total Amount Raised ($m) # of Deals
4.24
75.45
9.765.73 4.56
0
10
20
30
40
50
60
70
80
2012 2013 2014 2015 2016
30%
63%
8%
Communications
Internet
IT & Enterprise Software
Adtech in sectors Adtech exits by type: M&A/IPO/buyouts ($m)
Adtech financing rounds ($m)
Adtech average exit multiple
$1.7B
45 DealsTo
p 5
adte
ch e
xits
in 5
yea
rs
2015 20152012 2014 2014
Buyout
Source: IVC Survey
Cybe
r sec
urity
exi
ts 2
012-
2016
$9.3B
62 DealsTo
p 5
cybe
r sec
urity
exi
ts in
5 y
ears
20132012 2015 2016 2014
Cyber security in sectors Cyber security exits by type: M&A/IPO/buyouts ($m)
Cyber security financing rounds ($m)
Cyber security average exit multiple
58%
39%
3%
Communications
IT & Enterprise Software
Miscellaneous Technologies
5026
746 6991269
532
346
468
130
6
3
1920
14
0
5
10
15
20
25
0
1000
2000
3000
4000
5000
6000
2012 2013 2014 2015 2016
M&A IPO Buyout # of deals
141237
379
612 66641
60
83 8778
0
20
40
60
80
100
2012 2013 2014 2015 2016
0
100
200
300
400
500
600
700
Total Amount Raised ($m) # of Deals
207.3
41.44
7.25 6.93 5.54
0
50
100
150
200
250
2012 2013 2014 2015 2016
Source: IVC Survey
$2.1B
14 Deals
2014
IPO
2015 20162013 2013
Buyout
Auto
mot
ive
exits
201
2-20
16
Automotive in sectors Automotive exits by type: M&A/IPO/buyouts ($m)
Automotive financing rounds ($m)
Automotive average exit multiple
Top
5 au
tom
otiv
e ex
its in
5 y
ears
3%
45%
14%
38%
Cleantech
Communications
IT & Enterprise Software
Semiconductors
110 112
353 355
681
2622
3733
37
0
10
20
30
40
2012 2013 2014 2015 2016
0
200
400
600
800
Total Amount Raised ($m) # of DealsSource: IVC Survey
1207
275191
1022
400
14
5
1
3
6
0
1
2
3
4
5
6
7
0
200
400
600
800
1000
1200
1400
1600
1800
2012 2013 2014 2015 2016
M&A IPO Buyout # of deals
9.88
7.21
3.684.48
0
2
4
6
8
10
12
2013 2014 2015 2016
Sectors
Analysis of exits by sector 2012-2016
IVC-Meitar High-Tech Exits Report
Israeli high-tech exits by sector 2012-2016 (%)
Internet companies led exits in 2016, with 55% of total exits
and more than twice the sector’s average in the past five
years. This was mainly due to the Playtika acquisition.
Semiconductors followed with 16% of the exits amount,
with three deals exceeding $200 million each – Mellanox
acquisition of EZchip ($811M), Cisco acquisition of Leaba
($320M) and Sony acquisition of Altair ($212M)
Software, 2015’s leader, came third in 2016 with 14% of the
total amount ($B), under the five-year average share of
24%. Software deals, 28 in number, garnered $1.25B in
2016. The top two deals accounted for 58% of all software
exit proceeds including Ravello acquisition by Oracle
($430M) and Cloudlock acquisition Cisco ($293M)
Communications exits followed, with 7% - much lower than
the five year average of 27%. RR Media’s $242M acquisition
by SES led the sector’s exits.
6%
3%
2%
62%
32%
19%
14%
7%
27%
2%
5%
21%
18%
55%
20%
16%
20%
26%
46%
14%
24%
9%
35%
9%
6%
6%
13%
7%
2%
2%
7%
3%
5%
6%
18%
6%
16%
10%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2012
2013
2014
2015
2016
Averages
2012-2016
Cleantech CommunicationsInternet IT & Enterprise SoftwareLife Sciences Miscellaneous TechnologiesSemiconductors
Source: IVC-Meitar Exits Report 2016
Inte
rnet
exi
ts 2
012-
2016
215 191
1245 1341
4856
133
357 48
152
994
26
19
38
33
28
0
5
10
15
20
25
30
35
40
0
1000
2000
3000
4000
5000
6000
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
Average exit multiple
Average time to exit
Internet exits 2012-2016Internet sub sectors
$9.5B
144 Deals
11%
13%
13%59%
4%
e-Commerce
Internet Applications
Online Advertising
Online Entertainment
Other
1.23 1.98
10.179.35
15.86
0
5
10
15
20
2012 2013 2014 2015 2016
4.4
4.8
4.5
5.3
5.1
4.00 4.20 4.40 4.60 4.80 5.00 5.20 5.40
2012
2013
2014
2015
2016
Internet 2 per. Mov. Avg. (Internet)
Top
5 In
tern
etex
its in
5 y
ears
2014 20152014 2015
Buyout
2016
456371 392
491
1393
1022
400
8
4 4
5
4
0
1
2
3
4
5
6
7
8
9
0
200
400
600
800
1000
1200
1400
1600
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
Sem
icond
ucto
rs e
xits
2012
-201
6
Average exit multiple
Average time to exit
Semiconductors exits 2012-2016Semiconductors sub sectors
$4.5B
25 Deals
8%
10%
20%
37%
18%
6%
Memory & Storage
Miscellaneous Semiconductors
Network Processors
Video, Image & Audio
Wireless Communication
Other
3.72 3.613.12
4.96
7.36
0
1
2
3
4
5
6
7
8
2012 2013 2014 2015 2016
10.0
14.0
11.3
11.4
12.0
0 2 4 6 8 10 12 14 16
2012
2013
2014
2015
2016
Semiconductos 2 per. Mov. Avg. (Semiconductos)
Top
5 se
mic
ondu
ctor
s exi
ts in
5 y
ears
20142016 20152014
IPO
2013
Buyout
Softw
are
Exits
201
2-20
16
Average exit multiple
Average time to exit
Software exits 2012-2016Software sub sectors
2015 20132012 20152012
Buyout
41%
12%
33%
6%6%
2%
Enterprise Applications
Enterprise Infrastructure
Security
Business Analytics
Miscellaneous Software
Design & Development Tools
15151287
1653
3575
1243
75
346
6
1,251
42
625
488
537
22
26
40
3532
0
5
10
15
20
25
30
35
40
45
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
$12.6B
155 Deals5.91
6.37
3.91
7.96
5.76
0
1
2
3
4
5
6
7
8
9
2012 2013 2014 2015 2016
7.9
7.3
9.5
10.3
7.1
0 2 4 6 8 10 12
2012
2013
2014
2015
2016
Software 2 per. Mov. Avg. (Software)
Top
5 so
ftwar
e ex
its in
5 ye
ars
Com
mun
icatio
ns e
xits
201
2-20
16
6,045
2,0711,474
1,117651
5
79
26
245
643
20
28
23
20
23
0
5
10
15
20
25
30
35
40
0
1000
2000
3000
4000
5000
6000
7000
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
17.63
3.01
9.71
6.93
2.37
0
5
10
15
20
2012 2013 2014 2015 2016
Average exit multiple
Average time to exit
Communications exits 2012-2016Communications sub sectors
2012 2016
Buyout
2014 20132013
$12.4B
116 Deals
47%
30%
6%
5%6%
6%
BroadcastMobile ApplicationsMobile InfrastructureTelecom ApplicationsWireless ApplicationsOther
11.5
8.5
5.7
8.0
10.0
0 2 4 6 8 10 12 14
2012
2013
2014
2015
2016
Communications 2 per. Mov. Avg. (Communications)
Top
5 co
mm
unic
atio
nsex
itsin
5 y
ears
Life
scie
nces
exits
201
2-20
16
Average exit multiple
Average time to exit
Life sciences exits 2016-2016Life sciences sub sectors
2013 20162013 20122015
Buyout
$5.7B
82 Deals
9%
66%
22%
3%
Healthcare IT
Medical Devices
Therapeutics
Other
846
2251
358137
527
102
375
335
85
91
11 531
30
17
21
1716
11
0
5
10
15
20
25
0
500
1000
1500
2000
2500
3000
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
2.41
9.59
2.30
0.64
3.44
0
2
4
6
8
10
12
2012 2013 2014 2015 2016
12.3
9.4
9.7
9.1
13.8
0 2 4 6 8 10 12 14 16
2012
2013
2014
2015
2016
Life Sciences 2 per. Mov. Avg. (Life Sciences)
Top
5 lif
e sc
ienc
es e
xits
in 5
yea
rs
Clea
ntec
hex
its 2
012-
2016
Average exit multiple
Average time to exit
Cleantech exits 2012-2016Exits by sub sector
$0.9B
32 Deals
20142015
IPO
20152014 2014
Buyout
Top
5 cl
eant
ech
exits
in 5
yea
rs
4.695.59
9.26
1.73
0
2
4
6
8
10
2012 2013 2014 2015 201641%
29%
26%
4%
Agro Technology
Energy
Materials
Water Technologies
48 40
435
89 80
145
3.5
72
115
7
12
5
3
0
2
4
6
8
10
12
14
0
100
200
300
400
500
600
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
14.0
10.7
20.2
12.5
25.3
0 5 10 15 20 25 30
2012
2013
2014
2015
2016
Cleantech 2 per. Mov. Avg. (Cleantech)
Sub sectorsMis
cella
neou
s tec
hnol
ogie
s exi
ts 2
012-
2016
Average exit multiple
Average time to exit
Miscellaneous technologies exits 2012-2016
2012 20142015 2013 2015
$1.7B
39 Deals
2%
21%
77%
Defense
Hardware
Industrial Technologies
639
155121
429
32
82
42
100
73
14
10
8 8
10
3
0
2
4
6
8
10
12
0
100
200
300
400
500
600
700
800
2012 2013 2014 2015 2016
M&A IPO Buyout Total # of Deals
6.65
1.44
4.02
3.39
1.46
0
1
2
3
4
5
6
7
2012 2013 2014 2015 2016
15.6
21.7
10.0
22.0
7.0
0 5 10 15 20 25
2012
2013
2014
2015
2016
Miscellaneous Technologies2 per. Mov. Avg. (Miscellaneous Technologies)
Top
5 m
isce
llane
ous
tech
nolo
gies
exi
ts in
5 y
ears
M&As – The Acquirer Side
Israeli high-tech companies continue playing a prominent role on the spending side of the M&A equation
IVC-Meitar High-Tech Exits Report
50%
51%
25%
27%
10%
12%
7%
9%
7%
2%
0% 20% 40% 60% 80% 100%
2015
2016
USA & Canada Israel Europe East Asia Other
2016 high-tech M&As: acquirers by country of origin
North Americas corporations continue to occupy the leading position on the buy side of M&As involving and Israeli high-tech companies, at similar level in 2016 (51% with 47 deals) as 2015 (50% in 54 deals)
Israeli companies continue to employ second position, with their share expanding to 27% in 2016, in 25 deals involving Israeli companies on both sides of the deal, slightly more than 25% in 2015 (27 deals)
Companies from UK, Europe and Russia placed third with 12% of the exit deals, while East Asian acquirers followed with 9% of the deals. In 2016, a single Chinese acquirer was accounted for 50% of total exits amounts.
While North American acquirers, particularly US companies, have always played an obvious key role in the exits market in Israel, two-sided Israeli M&As have grown substantially in volume and size in the past few years, reflecting both he availability of capital for in-organic growth by M&As, as well as the strategic emphasis put on M&As as a viable avenue of expansion by an increasing number of local high-tech companies looking for long-term growth. This trend is best personified by this year’s No. 1 deal.
Source: IVC-Meitar Exits Report 2016
206 116
1135 1124 1033
277
1022
1945
1070
2510
483
1138
3080
2194
3544
2522
3129
24
43
50
66
75
68
-5
5
15
25
35
45
55
65
75
85
0
500
1000
1500
2000
2500
3000
3500
2012 2013 2014 2015 2016
Two-Side Israeli Deals $m Israeli Acquirer Deals $m
# of Two-Side Israeli Deals Total # of Deals Made by Israelis
Acquisitions made by Israeli high-tech companies* 2012–2016 Israeli high-tech companies increased their corporate M&A
spending in global markets, while maintaining a steady level in acquisitions of local high-tech companies, with over $1B spent locally, the third year in a row, thought the number of deals dropped slightly.
Acquisitions of foreign companies by Israeli high-tech companies reached a total of $2.5 billion, the highest in five years. In total acquisitions made by Israeli high-tech companies in 2016 (without Teva’s $45.5B in acquisitions), reached an all time high of $3.54B, over 60% above their 2015 M&A spending, further demonstrating the commitment made by Israeli companies for expansion and growth.
2016’s top deal, the EZchip $811M acquisition by Mellanox, accounted for 79% of two-side Israeli M&A deals. Followed far behind by the $90M acquisition of Pontis by Amdocs.
The Israeli high-tech companies most active in corporate M&As in 2016 were Amdocs, IronSource, Somoto and SuperCom with two acquisitions each. * Excluding 4 acquisitions above $1B made by Teva Pharmaceutical (in 2015 and 2016)
#$m
Source: IVC-Meitar Exits Report 2016
About this report:
This report contains information derived from the IVC-Online Database
The report summarizes exits of Israeli and Israel-related high-tech companies in merger & acquisition deals and initial public offerings, as well as buyouts performed by private equity and financial investors in Israeli and Israel-related high-tech companies between 2012-2016.
VC-Backed Deals referred to in this report, represent exit deals where at least one venture capital fund was involved as a pre-exit investor.
The report also references M&A deals where Israeli high-tech companies acted as the acquiring party.
Complete information on M&As and public offerings will be published in IVC High-Tech Yearbook 2017.
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About Meitar Liquornik Geva Leshem Tal:
Meitar Liquornik Geva Leshem Tal is Israel’s leading international law firm and the undisputed leader in the technology sector. The firm's Technology Group numbers over 100 seasoned professionals who specialize in representing technology companies, cooperating with attorneys from complementary practice areas, such as taxation, intellectual property and labor law, and dozens of attorneys from other practice areas.
Meitar has played a significant role in the majority of the largest and most prominent transactions recorded in the Israeli technology sector, including mergers and acquisitions and public offerings on foreign stock exchanges.
The firm is uniquely qualified to work with companies throughout their entire corporate “life cycle”. The firm advises clients from their initial establishment through raising seed capital to successful exit.
Alongside emerging companies, Meitar represents high growth companies, and has represented the majority of the Israeli technology companies that have carried out initial public offerings in the US, as well as a diverse range of multinational companies from the US, China and Europe.
The firm represents most of the major venture capital funds active in the Israeli technology sector, and played an active role in formation of some of the most successful and well-known funds in the industry.
Meitar is unique among Israel’s largest law firms in the number of partners who have worked for major international law firms in the US and elsewhere. The firm maintains close working relationships with leading firms from around the world to provide our international and Israeli clients with the highest level of service and quality – in line with the finest law firms from across the globe.
About IVC Research Center
IVC Research Center is the leading online provider of data and analyses on Israel’s high-tech, venture capital and private equity industries.
IVC owns and operates the IVC-Online Database which showcases over 15,000 Israeli technology startups, and includes information on private companies, investors, venture capital and private equity funds, angel groups, incubators, accelerators, investment firms, professional service providers, investments, financings, exits, acquisitions, founders, key executives and R&D centers.
Among IVC products and publications are:
IVC Quarterly Survey, which for over 15 years has been analyzing capital raising trends by Israeli high-tech companies, and the most comprehensive guide to Israeli high technology and venture capital.
The IVC High-Tech Yearbook the Israel High-Tech, Venture Capital, Startup and Private Equity Directory; surveys; research papers and reports; and interactive dashboards.
IVC Industry Analytics – analysis, research and insights into the status, main trends and opportunities related to exits, investments, investors, sectors and stages
IVC products and services are used regularly by high-tech companies, venture capital funds, private investors, financial investors and institutions, as well as public entities such as the Central Bureau of Statistics, the Bank of Israel and the Office of the Chief Scientist at the Economy Ministry. IVC’s information is used by key decision-makers, strategic and financial investors, government agencies and academic and research institutions in and outside of Israel.
Contact Us
Marianna Shapira, Research Manager, IVC Research Center
[email protected] www.ivc-online.com
+972-(0)73-212-2339
