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Strategic partners:
M&A IN ISRAEL: MORNING BRIEFING
2 March 2011 - Dan Panorama, Tel Aviv, Israel
8:30AM Registration and breakfast
9:00AM Keynote welcome address
9:15AM Panel: Cross-border M&A
10:00AM Presentation: mergermarket’s eye
on the market
10:15AM Networking coffee & refreshments
10:45AM Panel: Domestic M&A
11:30AM Panel: Consumer Sector in Focus
12:15AM Networking lunch
Agenda:
Strategic partners:
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
-
5
10
15
20
25
30
De
al va
lue
(U
S$
m)
Nu
mb
er
of
dea
ls
Israeli M&A trends
Number of deals Deal value (US$m)
Strategic partners:
Announced
date
Status Target company Target sector Bidder company Bidder
country
Seller company Seller
country
Deal value
(US$m)
Oct-10 P British Israel
Investment Ltd
(70.65% stake)
Real Estate Melisron Ltd; Ofer
Investments
Israel Leo Noe; Pujo Zabludowicz UK 1,998
Oct-10 P 012 Smile Telecom
Ltd
TMT Partner
Communications
Company Ltd
Israel Ampal-American Israel Corporation Israel 415
Aug-10 P Attenti Holdings SA Industrials &
Chemicals
3M Company US Francisco Partners LP; Cavendish
Asset Management; Sequoia
Capital Israel
US 230
Sep-10 P Enter Holdings 1 Ltd
(90.00% stake)
Financial Services Elbit Imaging Ltd Israel 217
Apr-10 C ICQ Ltd TMT Digital Sky
Technologies Ltd
Russia AOL, Inc US 188
Apr-10 C Medingo Ltd Pharma, Medical
& Biotech
Roche Holding Ltd Switzerland Elron Electronic Industries Ltd;
Radius Ventures LLC; Rafael
Development Corporation Ltd
Israel 160
Oct-10 P Shamir Optical
Industry Ltd (50.00%
stake)
Pharma, Medical
& Biotech
Essilor International
SA
France 132
Nov-10 C Tivall (1993) Ltd
(42.00% stake)
Consumer Osem Investment Ltd Israel Kibbutz Lohamei Haghettaot Israel 129
Aug-10 P Derech Eretz
Highways (1997) Ltd
(37.50% stake)
Construction Israel Infrastructure
Fund
Israel Africa Israel Investments Ltd Israel 125
Oct-10 P Shaldieli Ltd Industrials &
Chemicals
Israel Petroleum
Company, LLC
US 114
C = Completed; P = Pending
Top 10 Israeli M&A deals, 2010
Strategic partners:
34%
12%
10%
8%
7%
7%
4%
4%
4%
10%
Sector split by volume, 2010
TMT
Pharma, Medical & Biotech
Industrials & Chemicals
Consumer
Financial Services
Real Estate
Energy, Mining & Utilities
Leisure
Defence
Other
Strategic partners:
40%
21%
9%
7%
6%
5%
3%
3%2%
4%Sector split by value, 2010
Real Estate
TMT
Industrials & Chemicals
Pharma, Medical & Biotech
Consumer
Financial Services
Construction
Defence
Business Services
Other
Strategic partners:
47
48
117
14 918
2213
25
2533
36
43
18
327
12
8
5
8
10
5
5
3
3
3
1
4
43
3
1
0
10
20
30
40
50
60
70
80
90
2005 2006 2007 2008 2009 2010
Nu
mb
er
of
deals
Israeli M&A deal size splits by volume
>US$500m
US$251m-US$500m
US$101m-US$250m
US$15m-US$100m
<US$15m
Not disclosed
59
7072
81
56
76
Strategic partners:
-
2,000
4,000
6,000
8,000
10,000
12,000
-
2
4
6
8
10
12
De
al va
lue
(U
S$
m)
Nu
mb
er
of
dea
ls
Outbound M&A trends
Number of deals Deal value (US$m)
Strategic partners:
-
1,000
2,000
3,000
4,000
5,000
6,000
-
2
4
6
8
10
12
14
16
De
al va
lue
(U
S$
m)
Nu
mb
er
of
dea
ls
Inbound M&A trends
Number of deals Deal value (US$m)
Strategic partners:
Sector Israel
TMT 26
Pharma, Medical & Biotech 19
Financial Services 15 Hot Warm Cold
Energy, Mining & Utilities 12 16 10 4
Consumer 9 14 8 2
Business Services 7 12 6 0
Industrials & Chemicals 5
Real Estate 4
Construction 3
Leisure 3
Transportation 2
Defence 1
Government 1
Total 107
The Intelligence Heat Chart is based on ‘Companies for Sale’ tracked by mergermarket in Israel between 1-Jul-10 and 31-Dec-10.
mergermarket Heat Chart