Key Facts:
- Total Exit value reached a five-year record of $14.48 billion ($7.58 billion excluding $6.9 billion Mellanox Technologies acquisition) compared with $6.49 billion in H1/2018 and $13.1 billion in total for 2018.
- Twenty-three deals in amounts ranging between $100 million – $1 billion, with a total value of $19 billion – a five-year record.
- In the first half of 2019, the average exit value reached a record of $116.6 million.
- Four IPOs in the first half of 2019 raised $231 million – Fiverr and Tufin listed in the US.
The average exit value in the first half of 2019 a five-year record, reaching $116.6 million, almost double compared with $63 million in the year 2015.
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Despite a slight decrease in the number of exits from 73 in the first half of 2018, the number of exits to 66 exits, the total value in the first half of 2019 increased significantly from $6.49 billion in the first half of 2018 to $14.48 billion in 2019. Exits include IPOs, M&As, and buyouts.
The report states that four IPOs were completed in the first half of 2019 with two sizable companies. The online freelance marketplace Fiverr and cybersecurity startup Tufin Software Technologies. Both listed in the United States and has raised significant amounts.
In the first half of 2019, the number of deals between $100
million and $1 billion climbed to a record of 23 (16, excluding public companies and companies with a prior exit) compared with 18 deals in 2018 (or 16, excluding public companies and companies with prior exit).
An analysis of private companies with first-time exits shows that in the first half of 2019, the value of exits in the range of $100–$250 million soared to $1.89 billion. Exit values in the range of $250–$500 million increased to $1.06 billion in the first half of 2019 compared with $1.04 billion in 2018 annually.
Analysis of exit value versus amount invested showed the average ratio recovered to 3.9 compared with 2.91 in 2018 annually. According to IVC-Meitar Exit Report, the average exit ratio of non-VC-backed companies increased to 13.65 while the VC-backed exit-ratio average increased to 3.7 compared with the annual benchmark since 2015. On average, the ratio in 2019 increased, representing higher efficiency of investments in the industry.
