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Hong-Kong Billionaire Keeps Investing in Israel

1.  $22.5BN Sir Li Ka-Shing, the Hong Kong business magnate and the 9th wealthiest person in the world, made his 7th Israeli investment (through Horizons Ventures) in high tech start-ups – $2.3MN in Wibbitz (Globes Business Daily, June 6, 2012).  The Cleveland-based Primus Capital acquired Israel’s AOD for $90MN (Ma’ariv, June 7). The Palo Alto-based VMware acquired Israel’s Wanova for $75MN (Globes, May 24).  India’s JAIN acquired additional 50% of Israel’s NaanDan-JAIN for $35MN (Globes, May 15). 

2.  OECD Secretary General Angel Gurria in Jerusalem: “[Israel] has done exceptionally well in a very difficult world economy…. You recovered very fast to close to 5% in 2010 and 2011. [Israel is] going to be above 3% this year, closer to 4% next year. This is quite exceptional…. We are also looking at relatively tame inflation numbers. The unemployment rate is coming down. You just saw what happened with the United States last week.  It went up. In Europe, unfortunately, it is still going up…. [Israel is] really moving in the right direction under very, very difficult circumstances (Globes, June 6).”

3.  Abby Joseph Cohen, Goldman Sachs partner:  We’re used to seeing China and India as future technological superpowers but that’s a mistake. Those two countries don’t have high tech in the Israeli and US sense…. Within the context of advanced technology, the US and Israel are top of the table and that’s an excellent reason for optimism (Globes, June 14).”

4.  The $3BN San Francisco-based TPG Growth investment fund made its 1st investment in Israel – acquiring iMDSoft for $80MN (Globes, June 13).

5.  The Menlo Park-based Sequoia Partners participated in a $25MN round of private placement by Israel’s Kaminario (Globes, June 11).  The $12BN Len Blavatnik, Chairman of Access Industries (owner of Warner Music Group) led a $20MN round by Israel’s GetTaxi (Globes, June 7). The Staten Island-based Advanced Publication – publisher of Vanity Fair, Vogue, New Yorker, etc. – led a $15MN round of private placement by Israel’s Gigya, joined by Menlo Park-based Benchmark Capital, Menlo Park-based Mayfield Fund, Palo Alto-based DAG Ventures and the San Jose-based Adobe, Inc. (Globes, June 13).  The Aurora, Illinois-based Rush Medical participated in a $5MN round by Israel’s cCam (Globes, May 14).

 

 




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Straight from the Jerusalem Boardroom #248
https://bit.ly/3u29k9g

Foreign investment in Israel’s high-tech companies surged to new heights in the 1st quarter of 2021 – $5.7bn in 172 deals – which is up 89% over the impressive 4th quarter of 2020 and double the volume of the 1st quarter of 2020.

2020 was the first year of surpassing $10bn in capital raised by the Israeli high-tech sector from investors in the US, Asia and Europe, who trust the maturity of Israel’s brain power. Investments in Israeli companies more than tripled in six years, reflecting the effective response by Israeli startups to the technological, medical, pharmaceutical, educational, social and digital challenges posed by Covid-19.

Israel’s economic performance in defiance of Covid-19 is presented by Dr. Adam Reuter, the Chairman and Founder of “Financial Immunities,” Israel’s largest financial-risk management firm, and the co-author of Israel – Island of Success:

  1. Israel has led the globe in the rapid administration of Covid-19 vaccinations due to effective negotiations with Pfizer and an efficient, country-wide medical infrastructure.
  2. Israel is the second lowest among OECD countries in the number of Covid-19 deaths per number of Covid-19 cases: 0.7% compared to the 2.3% OECD average. Israel features a young population (median age of 30 compared to the OECD’s 42) and an effective country-wide medical infrastructure, including top level HMOs and hospitals.
  3. Israel is ranked 12th from the bottom among the 37 OECD countries in the number of deaths per million inhabitants: 645 compared to 1,145 OECD average.
  4. The International Monetary Fund’s 2025 GDP growth forecast for OECD countries: Israel – 4%, OECD average – 2.2%, US – 1.8%, Australia – 2.5%, Ireland – 2.6%, France and Canada – 1.7%, the UK – 1.6%, Germany – 1.2%, etc.
  5. Israel’s 2020 GDP was reduced by 2.5%, compared to the OECD average reduction of 4.1%, South Korea – 1%, Norway – 0.8%, Australia – 2.6%, US – 3.5%, Japan – 4.8%, Germany – 5%, France – 8%, the UK – 10% reduction, etc. GDP growth was recorded in New Zealand – 2.4% and Ireland – 3.5%.
  6. In 2020, Israel was ranked 20th among the 37 members of the OECD in terms of GDP per capita, featuring $43,000 (GDP – $408bn), ahead of Japan, Italy and Spain, and very close behind the UK ($44,000) and France ($45,000).
  7. Israel’s debt-to-GDP ratio increased from 60% in 2019 to 72% in 2020, compared to the OECD’s average increase from 66% to 82%. The 2020’s debt-to-GDP ratio was 266% in Japan, Italy – 161%, the US – 131%, Germany – 73%, etc.
  8. Israel’s foreign exchange reserves-to-GDP ratio of 41% (3rd among the OECD countries) attests to its financial stability, and Israel’s capability to raise foreign credit promptly in a cost-effective manner. Israel’s foreign exchange reserves in March 2021 – $186bn.
  9. During the past decade, Standard and Poor (S&P) accorded Israel a positive credit rating trend, unlike the negative trend for the G-7 countries. In 2020, notwithstanding Covid-19, Israel’s credit rating (S&P) remained at AA.
  10. Some 380 global high-tech giants operate in Israel, including Microsoft, Amazon, IBM, Intel, Cisco, Apple, Verizon, Applied Materials, Dell, HP, Kodak, Oracle, Philips, SAP, Medtronics, GM, eBay, GE, etc. Israel leads the world in the ratio of research and development investment to GDP: 4.9%. 85% of this investment comes from the business sector.

 




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