Barclays Capital: Israel Could See Several Billion-Dollar Deals in Coming YearOct. 12, 2013
Israel could be the beneficiary of several multi-billion dollar deals in the coming year, Barclays Capital technology M&A manager Richard Hardegree told Israel’s Globes.
“It’s possible that we’ll see two to three $1 billion-plus deals (in Israel) a year. We think that this is the direction, and that we’ll also see many transactions in the hundreds of millions,” Hardegree said ahead of his participation in the Globes-Ernst & Young Israel Journey Conference in Tel Aviv. “This is definitely a change from the sizes of the past. I think that it’s because Israeli companies are turning in the direction of bigger opportunities and the success of companies which have become market leaders.”
Globes writes: “Israeli high-tech seems to have taken a great leap forward in the past year. Even if deals the size of Waze, which was acquired by Google for nearly $1 billion are exceptional, prominent acquisitions have climbed to $400-500 million in the past two years from $200-300 million beforehand.”
For the full news story on The Algemeiner click here.