Israel’s technology industry saw a drop of 2.8% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 70 deals worth $3.61bn were announced in Q4 2019, compared to the last four-quarter average of 72 deals.

Venture financing was the leading category in the quarter with 48 deals which accounted for 68.6% of all deals.

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In second place was M&A with 18 deals, followed by private equity with four transactions, respectively accounting for 25.7% and 5.7% of overall deal activity in the country’s technology industry during the quarter.

In terms of value of deals, M&A was the leading deal category in Israel’s technology industry with total deals worth $2.59bn, while venture financing and private equity deals totalled $726.33m and $290.71m, respectively.

Israel technology industry deals in Q4 2019: Top deals

The top five technology deals accounted for 80.8% of the overall value during Q4 2019.

The combined value of the top five technology deals stood at $2.91bn, against the overall value of $3.61bn recorded for the month.

The top five technology industry deals of Q4 2019 tracked by GlobalData were:

1) Intel’s $2bn acquisition of Habana Labs

2) The $455.62m acquisition of ECI Telecom by Ribbon Communications

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3) David Fuhrer and Searchlight Capital Partners’ $181.23m private equity deal with B Communications

4) The $165m venture financing of Riskified by Entree Capital, Fidelity Management & ResearchLLC, General Atlantic, Goldman Sachs & Co, Pitango Venture Capital, Qumra Capital and Winslow Capital Management

5) Aleph Venture Capital, Canada Pension Plan Investment Board, Corner Ventures, Innovation Endeavors, La Maison Compagnie d’Investissement, Playground Global and Temasek Holdings (Private)’s venture financing of CommonSense Robotics for $110m.

Verdict deals analysis methodology

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.