This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Private Equity Eyes Israel Tech

TEL AVIV, Israel -- The recent $17.6 billion takeover of Freescale (FSL) by the Blackstone-led private equity group got the Israeli tech industry buzzing with speculation over the possibility of the elephant-hunting season reaching "Silicon Wadi."

At Ernst & Young's 10th annual Journey Conference in Tel Aviv earlier this week, speakers in a panel titled "The Alternative Asset Class -- Trends in Private Equity" couldn't hide their enthusiasm for the "wall of money" heading toward Israel.

Private-equity "people are not sitting on their hands anymore," said Jeremy Blank, senior adviser at York Capital Management, an $8 billion private equity fund, and a panelist at the conference. "Private equity is about the opportunity to actively drive growth in a company you buy, and the opportunities in Israel are really forcing us to create more value."

Still, Israel is challenging in that is has "asset-light businesses" that require less leverage but a more active engagement of management teams, Blank says. In York's case, a $300 million acquisition of Psagot-Ofek, one of Israel's largest asset management and brokerage companies, turned out to be a slightly tougher challenge than anticipated. Since the deal was announced in late 2005, regulatory changes in Israel's capital market ignited a wave of mutual fund account redemptions by customers, amounting to hundreds of million of dollars in Psagot's case.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FSL $0.00 0.00%
CHKP $77.91 0.75%
DOX $53.87 2.18%
ESLT $80.24 -3.09%
MAGS $4.06 -2.64%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs