Israel’s technology industry saw a flat growth in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 21 deals worth $502.5m were announced in June 2019, compared to the 12-month average of 21 deals.
Venture financing was the leading category in the month in terms of volume with 17 deals which accounted for 81% of all deals.
In second place was M&A with two deals, followed by private equity with two transactions, respectively accounting for 9.5% and 9.5% of overall deal activity in the country’s technology industry during the month.
In terms of value of deals, M&A was the leading deal category in Israel’s technology industry with total deals worth $250m, while venture financing and private equity deals totalled $243.7m and $8.8m, respectively.
Israel technology industry deals in June 2019: Top deals
The top five technology industry deals accounted for 70.2% of the overall value during June 2019.
The combined value of the top five technology industry deals stood at $352.7m, against the overall value of $502.5m recorded for the month. The top announced Israel technology industry deal tracked by GlobalData in June 2019 was Fuhrer Family and Searchlight Capital Partners’ $133.7m private equity deal with B Communications.
In second place was the $110m private equity deal with Cellebrite Mobile Synchronization by Israel Growth Partners and in third place was Bridges Israel, Hamilton Lane and Pitango Venture Capital’s $40m venture financing of Venn.
The $38m venture financing of Innoviz Technologies by 360 Capital Management, Beijing Phoenix Wealth Holding Group, China Merchants Group, Aptiv, Glory Ventures, Harel Insurance Investments and Financial Services, Magma Venture Partners, Magna International, New Alliance Capital, Samsung Venture Investment, Shenzhen Capital Group, SoftBank Ventures Asia and Vertex Ventures Israel and DFJ Growth Management, M12 and OG Technology Partners’ venture financing of AnyVision Interactive Technologies for $31m held fourth and fifth positions, respectively.
Verdict deals analysis methodology
The State of Technology This Week
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.