Israeli private equity deals reach $2.6BMay. 5, 2013
Forty-six Israeli private equity deals amounted to $2.6 billion in 2012, 10% below the $2.9 billion invested in 63 deals in 2011, according to a report prepared by the IVC Research Center.
The buyout of software firm Paradigm Geophysical by Apax Partners and JMI Equity for $1 billion accounted for 39% of total annual deal value. Average deal size in 2012 was $56.2 million, compared with $45.6 million in the previous year.
Israeli PE funds invested $530 million in 2012, accounting for 21% of total PE investments. This compares with $963 million or 33% invested by Israeli PE funds in 2011. The largest private equity deal by an Israeli fund was the $80 million buyout of Starhome, a mobile infrastructure company, by Fortissimo.
In the fourth quarter of 2012, eight private equity deals were valued at $557 million, compared with $271 million invested in 16 deals in Q3/2012, and $1.2 billion invested in 13 deals in Q4/2011. The average deal in Q4/2012 was valued at $69.6 million, compared to $16.9 million and $94.8 million in Q3/2012 and Q4/2011, respectively.
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