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Private equity and venture capital news from Israel

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• Venture firms exit stake in Israeli communications company in $160m deal 15 Oct 2009. Source: AltAssets. Venture capital investors Tamir Fishman Ventures Carmel Ventures, The Challenge Fund II and Motorola Ventures are planning to sell their stake in Israeli CopperGate Communications to Sigma Designs. The transaction is valued at $160m.

• Series B venture round sees $12m flow into water treatment company BPT 03 Sep 2009. Source: AltAssets. Water and wastewater treatment company BPT has completed a series B financing round, raising $12m to expand the company’s manufacturing facilities.

• Viola Private Equity invests $20m in unmanned aircraft company 07 Aug 2009. Source: AltAssets. Viola Private Equity, a technology-focused Israeli firm, has invested $20m in growth capital in Aeronautics, a company specialising in the development and production of unmanned aerial vehicles (UAV), command and control systems, observation systems, and military electronics and communication systems.

• Israeli high-tech companies raised $279m in venture capital in Q2 2009 17 Jul 2009. Source: AltAssets. In the second quarter of 2009, 122 Israeli high-tech companies raised $279m from venture investors – both local and foreign. The amount was 40 per cent below the $465m raised by 115 companies in the second quarter of 2008, but five per cent higher than the amount raised in the first quarter of this year.

• Israeli semiconductor company Amimon raises $10m Series D financing 14 Jul 2009. Source: AltAssets. Stata Venture Partners has led a Series D funding for Israeli semiconductor company Amimon. The $10m round included investors from prior rounds: Argonaut Private Equity, Cedar Fund, Evergreen Venture Partners, Walden Israel and Motorola.

• Israeli government to create $41m Israeli-Arab private equity fund 03 Jul 2009. Source: AltAssets. Israel's government will set up an ILS160m ($41.3m) private equity fund aimed at developing businesses in the Israeli-Arab sector, according to reports.

• Israeli media content creator The Box gets funding from Greylock Partners 05 Jun 2009. Source: AltAssets. The Box, an Israeli company that creates “out of the box” content for broadcast entertainment and advertising which integrates television, internet and mobile, has secured “several million dollars” from venture capital firm Greylock Partners.

• Israel to give tax breaks to foreign private equity investors 28 May 2009. Source: AltAssets. The Israeli government has said that overseas investors will be exempt from paying tax on profits from private equity investments, in an attempt to attract more global capital, the local media reports.

• Venture capital investment in Israeli high-tech companies lowest in three years, report 27 Apr 2009. In the first quarter of 2009, 93 Israeli high-tech companies raised $265m from venture investors, the lowest recorded in three years, according to a survey by the Israel Venture Capital Research Center.

• Tech-focused private equity firm Vector Capital takes Aladdin Knowledge Systems private 25 Mar 2009. Source: AltAssets. Vector Capital, a private equity firm focused on investments in technology businesses, has led a group which has completed a $160m take-private of Aladdin Knowledge Systems, an Israeli security software maker.

• Israeli technology company ComAbility secures a further $4m in venture funding 05 Mar 2009. Source: AltAssets. ComAbility, an Israeli developer of subscriber and services operations platforms for telecommunications carriers and service providers, has extended the round of funding received a year ago from venture capital firms Stata Ventures and Vertex Venture Capital from $6m to $10m.

• Greylock Israel the most active Israeli venture capital fund of 2008 16 Feb 2009. Source: AltAssets. Greylock Israel was 2008’s most active Israeli venture capital fund, followed by Vertex, and then DFJ Tamir Fishman and AquAgro, according to the IVC Research Center’s league of most active venture capital funds in Israel. The survey ranked funds by the number of first investments made last year.

• Outbrain completes $12m investment round 12 Feb 2009. Source: AltAssets. Outbrain Inc. has completed a $12m Series B investment round led by Israeli venture capital firm Carmel Ventures. Outbrain’s previous backers - Gemini Israel Funds, Lightspeed Venture Partners and GlenRock Israel - all participated in the round.

• N-trig gets its hands on $24m of venture capital for hands-on computing development 15 Jan 2009. Source: AltAssets. N-trig, an IT company which provides pen, touch, and multi-touch interfaces for the computing industry with its DuoSense product, has secured $24m from Canaan Partners, Evergreen Venture Partners and Aurum Ventures.

• Israeli high tech companies raise $600m in venture capital in Q3 2008 10 Nov 2008. Source: AltAssets. 124 Israeli high tech companies raised $600m from local and foreign venture investors in Q3 2008 - the highest reported figures in the last eight years, according to a report released by the Israel Venture Capital Research Center today.

• JVP Media V holds $100m first closing 06 Oct 2008. Source: AltAssets. Jerusalem Venture Partners, an Israeli venture capital firm that invests in early stage digital media and technology-related companies, has held a first closing on its fifth fund, JVP Media V. The fund has now raised $100m of its $150m target size.

• Gilat terminates merger agreement with Gores-led private equity consortium 01 Sep 2008. Source: AltAssets. Gilat Satellite Networks, an Israel-headquartered specialist in satellite networking technology, solutions and services, has notified the buyer consortium, including the Gores Group and Mivtach Shamir Holdings, that it was terminating the agreement and plan of merger entered into on 31 March 2008. The deal would have been worth about $475m.

• US venture capital firm Battery expands Israel office 26 Aug 2008. Source: AltAssets. Technology venture capital and private equity firm Battery Ventures has expanded its Israel operations with the arrival of US-based general partner Scott Tobin and senior associate David Sokolic. They will work out of the firm's Herzilya office, which opened in 2005.

• Israel Cleantech Ventures closes $75m debut fund 06 May 2008. Source: AltAssets. Israel Cleantech Ventures has closed its debut fund on $75m, above its original target of $60m.

• Israeli high-tech companies raise $617m in Q1 2008 29 Apr 2008. Source: AltAssets. In the first quarter of this year 135 Israeli high-tech companies raised $617m from venture investors, the highest amount in seven years, according to a quarterly survey from the IVC Research Center. The capital raised in the quarter was 52 per cent above that raised by 121 companies in the first quarter of 2007, and 23 per cent above the previous quarter's amount raised by 115 companies.

• Private equity consortium to acquire Gilat Satellite Networks for $475m 31 Mar 2008. Source: AltAssets. A consortium of private equity investors including The Gores Group, Israel-based investment company Mivtach Shamir Holdings, DGB Investments and companies affiliated with Roy Ben-Yami, Ami Lustig and Eytan Stibbe has agreed to acquire Israeli satellite communications services business Gilat Satellite Networks for approximately $475m.

• M&As of VC-backed Israeli high tech companies totalled $1.9bn in 2007 26 Mar 2008. Source: AltAssets. Last year 32 M&A deals involving venture capital-backed Israeli high tech companies accounted for $1.9bn of the $3.2bn total value of M&A deals (75) involving any kind of Israeli high tech companies, according to data from the IVC Online Database, developed and maintained by the IVC Research Center.

• VC-backed Israeli high tech companies raise $538m in 13 IPOs in 2007 25 Mar 2008. Source: AltAssets. Last year VC-backed Israeli high tech companies raised a total of $538m in 13 IPOs, according to data from the IVC Online Database, developed and maintained by the IVC Research Center.