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Surging overseas investment in Israel defy global downtrend

1. According to KPMG, one of the four largest global auditing firms, Israel has become a leading hothouse for FinTech companies. 9 out of 100 globally-promising FinTech companies are from Israel, an improvement from 8/100 in 2015. One of the Israeli companies, Payoneer digital payments company, raised $180MN on Oct. 6 in a round led by the Silicon Valley-based Technology Crossover Ventures and the Bala Cynwyd, PA-based Susquehanna Growth Equity (Globes Business Daily, Oct. 27, 2016).

2. In defiance of the global financial downtrend – but as a derivative of Israel’s cutting-edge technologies – Israeli hightech companies raised $1.19BN during Q3 2016, the second highest quarterly amount in ten years. During the first nine months of 2016, Israeli hightech companies raised $4BN, 27% above the $3.15BN raised during the first nine months of 2015. However, the third quarter of 2016 has recorded a 24% decline compared with the third quarter of 2015, although the total for September was higher than August (Globes, October 26).

3. Boston Scientifics acquired Israel’s EndoChoice for $210MN (Globes, September 28). Israel’s Ormat Technologies concluded a senior-unsecured-bonds tender for $204MN (Globes, September 11). The NY-based $14BN CA Technologies acquired Israel’s BlazeMeter for $100MN, CA’s 13th Israeli acquisition (Globes, September 22).

4.  The $3BN US cyber giant, ProofPoint, acquired Israel’s FireLayers for $55MN, which has become the research and development center of ProofPiont. FireLayers is the third startup developed and sold by its two co-owners (Globes, Oct. 26).  eBay acquired Israel’s Corrigon for $30MN, eBay’s 6th Israeli acquisition (Globes, Oct. 7). The Lexington, MA and Dublin, Ireland-based, Shire, a biopharmaceuticals giant, extends its strategic partnership with Israel’s plasma-derived protein therapeutics company, Kamada, which is expected to yield a minimum of $237MN in revenues during 2017-2020 (Globes, Oct. 7).


5. According to Forbes, September 22 issue: “Since 2011, there has been a 50% year-on-year growth of Chinese investment in Israel…. The business relations between Israel and China is growing…. For example, Li-Ka-Shing, the Hong-Kong-based tycoon, has invested – privately and via his venture capital fund, Horizon Ventures – in 30 Israeli companies. China’s $3BN Neusoft IT co-established a $250MN investment fund with Israel’s Infinity Capital Equity Fund, targeting Israeli digital pharmaceutical equipment companies (Globes, September 26). Baidu, the Chinese Internet giant partnered with Israel’s Carmel investment fund, invested in three Israeli companies and opened an office in Israel. China’s Innovative Medical invested $30MN in Israel’s Pluristem (Globes, October 26). About $15BN have been invested in Israel, by Chinese giant companies such as ChemCina (acquired Adama, a crop protection company, for $3.7BN), Bright Food (acquired Tnuva, a dairy producer, for $2.5BN), Fosun (acquired Ahava, a cosmetic producer, for $77MN), Shanghai Giant Network Technology, Alibaba Group founder Jack Ma and additional Chinese investors (acquired Playtika, an online company, for $4.4BN), etc. 




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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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