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Israeli Private Equity Deals Hit Two-Year High In Q4
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Israeli private equity deals hit a two-year high in terms of dollar amount during the fourth quarter of 2010, according to the Israel Venture Capital Research Center (IVC).
In Q4, 11 private equity deals closed with a combined value of $769 million. The lion's share of that amount came from the $576 million buyout of Psagot Investment House by Apax Partners.
Private equity deals were 165% higher in Q4 than in Q3 2010, which saw more deals (13 compared to 11) but a lower total value ($290 million.) The value of private equity deals for the quarter reported was more than five times that of the corresponding quarter of 2009.
Fifty-one private equity deals were closed in Israel throughout 2010 with a combined value of $1.58 billion, more than triple 2009's figure of $513 million.
The financial sector accounted for 39% of the total private equity deal value of 2010, and real estate deals made up another 10%. The average private equity deal was valued at $31 million, compared to an average value of $14 million per deal in 2009.
IVC research manager Marianna Shapira told Globes that the organization expected capital raised for private equity investments in 2011 to reach $1.5 billion, which could in turn lead to increased investments and increased private equity deals in Israel, both by number and value. |
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