1. Deals Analysis
February 18, 2021

Israel’s technology industry sees a drop of 12.00% in deal activity in January 2021

By Carmen

Israel’s technology industry saw a drop of 12.00% in overall deal activity during January 2021, when compared with the last 12-month average, led by $2.6bn merger of ION Acquisition1 Ltd and Taboola.Com, according to GlobalData’s deals database.

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A total of 22 deals worth $3.1bn were announced in January 2021, compared with the 12-month average of 25 deals.

venture financing was the leading category in the month in terms of volume with 12 deals, which accounted for 54.6% of all deals.

In second place was M&A with eight deals, followed by private equity with two transactions, respectively accounting for 36.4% and 9.1% of overall deal activity in the Israel’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 $2.65bn, while venture financing and private equity deals totalled $312.7m and $137.57m respectively.

Israel technology industry deals in January 2021: Top deals

The top five technology industry deals accounted for 97.6% of the overall value during January 2021.

The combined value of the top five technology deals stood at $3.03bn, against the overall value of $3.1bn recorded for the month.

The top five technology industry deals of January 2021 tracked by GlobalData were:

1) The $2.6bn merger of ION Acquisition1 Ltd and Taboola.Com

2) The $208m venture financing of DriveNets by Atreides Management, Bessemer Venture Partners, D1 Capital Partners and Pitango Venture Capital

3) FIMI Opportunity Funds’ $137.57m private equity deal with E&M Computing

4) The $50m acquisition deal with Alcide.IO by Rapid7

5) Insight Partners, S Capital and TLV Partners’ venture financing with Run:AI for $30m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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.

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