Straight From The Jerusalem Boardroom #111,
Yoram Ettinger, December 29, 2006
1. AN ALL TIME RECORD of $13.7BN in exits during 2006: 31 start ups acquired ($2.7BN), 4 NASDAQ-traded companies acquired ($7BN) and 1 private company acquired for $4BN (Ma’ariv, Dec. 27). The US-based $2BN KYPHON has acquired Israel’s DiscOTech for $220MN in milestones until 2010 (Globes, Dec. 22). $1.1BN WEBSENSE has acquired Israel’s PortAuthority for $90MN in cash (Globes, Dec. 21). PRIMAVERA acquired Israel’s ProSight for $43MN (The Marker, Dec. 13).
2. TEL AVIV STOCK EXCHANGE (TASE) has completed a 4th year in a row of growth, with an average increase of 45% in daily volume. 37 IPOs (the largest ever) took place with a total volume of $760MN, compared with 24 IPOs and $530MN. A total of 87 public offerings took place in 2006, totaling $1.2BN (The Marker, Dec. 28, 2006).
3. THE “LONDON ECONOMIST”: Israel is the fifth emerging market in terms of growth, following Singapore, Taiwan, So. Korea and Hong-Kong (Globes, Dec. 18).
4. $132MN RAISED ON NASDAQ by Israel’s Omerix and Gilat (The Marker, Dec. 16). Previous 2006 $865MN Israeli public offerings on NASDAQ: Alott ($78MN), RR Satellites ($55MN), Fortissimo Acquisition ($27MN), Israel Growth Partners ($51MN), Delek USA ($184MN), Omerix ($39MN), Ormat Technologies ($143MN), Saifan ($133MN) and IncrediMail ($19MN) (Globes, Dec. 15). $283MN RAISED ON LONDON’S AIM by Israel’s Mirland Development (Globes, Dec. 14). $49MN RAISED ON LONDON’S AIM by Israel’s Polymer Logistics (Globes, Dec. 14). The 2006 $2.24BN Israeli public offerings in Europe include: Polymer ($49MN), Mirland ($283MN), Cinema City ($106MN), EyePoint ($1MN), Summit-Germany ($96MN), Simigon ($10MN), Plaza Centers ($321MN), Nikanor ($441MN), AccessMobile ($7MN), Nanet Real Estate ($18MN), LidCom ($22MN), Summit-Germany ($102MN), Baitman-Litwin ($90MN), Atlis ($2MN), PlayTek ($463MN), MTI Wireless Edge ($10MN), Atlas Properties ($212MN) and GoldFrost ($8MN) – (Globes, Dec. 14).
5. SIEMENS ($30MN) and SINGAPORE TECHNOLOGIES ($20MN) have led a third $150MN fund, established by Israel’s Vertex (Globes, Dec. 26).
6. NORTHWEST VENTURE PARTNERS, ACCEL PARTNERS, TIME WARNER and JAPAN’s SEDONA CAPITAL led a $26MN round by Israel’s DoubleVision (The Marker, Dec. 20).
Israpundit is entirely dependent on readers support. Please help me continue educating people with the truth about what is going on in Israel and around the world.
