M&A IN ISRAEL: MORNING BRIEFING 2 March 2011 - Dan Panorama, - - PowerPoint PPT Presentation

m a in israel morning briefing
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M&A IN ISRAEL: MORNING BRIEFING 2 March 2011 - Dan Panorama, - - PowerPoint PPT Presentation

Strategic partners: M&A IN ISRAEL: MORNING BRIEFING 2 March 2011 - Dan Panorama, Tel Aviv, Israel Agenda: 8:30AM 10:15AM Networking coffee & refreshments Registration and breakfast 9:00AM Keynote welcome address 10:45AM Panel: Domestic


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SLIDE 1

Strategic partners:

M&A IN ISRAEL: MORNING BRIEFING

2 March 2011 - Dan Panorama, Tel Aviv, Israel

8:30AM Registration and breakfast 9:00AM Keynote welcome address 9:15AM Panel: Cross-border M&A 10:00AM Presentation: mergermarket’s eye

  • n the market

10:15AM Networking coffee & refreshments 10:45AM Panel: Domestic M&A 11:30AM Panel: Consumer Sector in Focus 12:15AM Networking lunch Agenda:

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SLIDE 2

Strategic partners:

  • 1,000

2,000 3,000 4,000 5,000 6,000 7,000

  • 5

10 15 20 25 30

Deal value (US$m) Number of deals

Israeli M&A trends

Number of deals Deal value (US$m)

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SLIDE 3

Strategic partners:

Announced date Status Target company Target sector Bidder company Bidder country Seller company Seller country Deal value (US$m) Oct-10 P British Israel Investment Ltd (70.65% stake) Real Estate Melisron Ltd; Ofer Investments Israel Leo Noe; Pujo Zabludowicz UK 1,998 Oct-10 P 012 Smile Telecom Ltd TMT Partner Communications Company Ltd Israel Ampal-American Israel Corporation Israel 415 Aug-10 P Attenti Holdings SA Industrials & Chemicals 3M Company US Francisco Partners LP; Cavendish Asset Management; Sequoia Capital Israel US 230 Sep-10 P Enter Holdings 1 Ltd (90.00% stake) Financial Services Elbit Imaging Ltd Israel 217 Apr-10 C ICQ Ltd TMT Digital Sky Technologies Ltd Russia AOL, Inc US 188 Apr-10 C Medingo Ltd Pharma, Medical & Biotech Roche Holding Ltd Switzerland Elron Electronic Industries Ltd; Radius Ventures LLC; Rafael Development Corporation Ltd Israel 160 Oct-10 P Shamir Optical Industry Ltd (50.00% stake) Pharma, Medical & Biotech Essilor International SA France 132 Nov-10 C Tivall (1993) Ltd (42.00% stake) Consumer Osem Investment Ltd Israel Kibbutz Lohamei Haghettaot Israel 129 Aug-10 P Derech Eretz Highways (1997) Ltd (37.50% stake) Construction Israel Infrastructure Fund Israel Africa Israel Investments Ltd Israel 125 Oct-10 P Shaldieli Ltd Industrials & Chemicals Israel Petroleum Company, LLC US 114

C = Completed; P = Pending

Top 10 Israeli M&A deals, 2010

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Strategic partners:

34% 12% 10% 8% 7% 7% 4% 4% 4% 10%

Sector split by volume, 2010

TMT Pharma, Medical & Biotech Industrials & Chemicals Consumer Financial Services Real Estate Energy, Mining & Utilities Leisure Defence Other

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Strategic partners:

40% 21% 9% 7% 6% 5% 3% 3% 2% 4%

Sector split by value, 2010

Real Estate TMT Industrials & Chemicals Pharma, Medical & Biotech Consumer Financial Services Construction Defence Business Services Other

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SLIDE 6

Strategic partners:

4 7 4 8 11 7 14 9 18 22 13 25 25 33 36 43 18 32 7 12 8 5 8 10 5 5 3 3 3 1 4 4 3 3 1 10 20 30 40 50 60 70 80 90 2005 2006 2007 2008 2009 2010

Number of deals

Israeli M&A deal size splits by volume

>US$500m US$251m-US$500m US$101m-US$250m US$15m-US$100m <US$15m Not disclosed 59 70 72 81 56 76

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SLIDE 7

Strategic partners:

  • 2,000

4,000 6,000 8,000 10,000 12,000

  • 2

4 6 8 10 12

Deal value (US$m) Number of deals

Outbound M&A trends

Number of deals Deal value (US$m)

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SLIDE 8

Strategic partners:

  • 1,000

2,000 3,000 4,000 5,000 6,000

  • 2

4 6 8 10 12 14 16

Deal value (US$m) Number of deals

Inbound M&A trends

Number of deals Deal value (US$m)

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SLIDE 9

Strategic partners:

Sector Israel TMT 26 Pharma, Medical & Biotech 19 Financial Services 15 Hot Warm Cold Energy, Mining & Utilities 12 16 10 4 Consumer 9 14 8 2 Business Services 7 12 6 Industrials & Chemicals 5 Real Estate 4 Construction 3 Leisure 3 Transportation 2 Defence 1 Government 1 Total 107 The Intelligence Heat Chart is based on ‘Companies for Sale’ tracked by mergermarket in Israel between 1-Jul-10 and 31-Dec-10.

mergermarket Heat Chart