EY Report: Israel To See $3-3.5B In Mergers And Acquisitions In 2014

October 22, 2014 | According to a new report by accounting firm Ernst & Young, due to economic stability in the U.S., Israel and other countries are likely to see more exits and mergers of companies in the coming year. The survey, whose results will be announced at the company’s ‘Journey’ Conference in Tel Aviv on October 30th, 81 percent of senior managers and officials in companies believe that the next year will see a rise in mergers and acquisitions, a 52 percent rise in estimates in the same survey conducted six months ago. In addition, Oren Bar-On, a senior partner at EY, suggested that Israeli companies supported by venture capital firms will see a total of $3-3.5 billion in exits and mergers by the end of 2014. This would be a decrease from 2013 that saw $4.5 billion in mergers and acquisitions.