TEL AVIV, Israel--(BUSINESS WIRE)--The market need for professional post-closing management for private target M&A transactions continues to grow globally. Israel, a hotbed of innovation and venture capital activity, continues to produce highly attractive targets for acquisition. To address the needs of the Israeli investor community, SRS | Shareholder Representative Services has opened its first international office in Israel.
According to the IVC Research Center, the aggregate value of M&A deals involving Israeli and Israel-related companies was $2.04 billion in 2010, and the first quarter of 2011 has shown signs that Israeli exits are not slowing down. SRS serves as shareholder representative on several Israeli transactions, including the recent acquisitions of Unisfair, Inc. and Storwize, Inc.
Daniel Slutzky joins SRS as its director for the Israeli market. Prior to joining SRS, Daniel served for over ten years as Operating Partner and CFO of Benchmark Capital in Israel, where he experienced the issues faced by the investment community in Israel first-hand.
“Israel has a highly active investor community and M&A is the predominant path to liquidity,” said Slutzky. “As a former venture capital CFO, I have experience serving as the shareholder representative and understand the value that SRS offers. Building a presence here will strengthen SRS’ ties to local entrepreneurs, legal advisors and investors and position the company to better serve this growing market.”
“Buyers look to Israel for acquisition opportunities for a number of reasons,” said Mark Vogel, Managing Director of SRS. “Israel has a culture that promotes entrepreneurship and innovation, so targets are plentiful. Additionally, buyers may choose to acquire Israeli companies to utilize offshore earnings and avoid U.S. repatriation taxes.”
SRS | Shareholder Representative Services is the leading expert in professionally managing the post-closing process to safeguard the selling shareholders’ interests in private company M&A transactions. As the shareholder representative, SRS manages all post-closing matters, including working capital and other purchase price adjustments, tax reviews, the handling of claims, disputes and litigation, communications with acquirers and selling shareholders, and management and distribution of escrow and expense funds. On deals valued in aggregate in excess of $16 billion, SRS has represented more than 400 venture capital and private equity firms and over 19,000 shareholders in 44 countries. No one has as much knowledge and experience in serving as a shareholder representative and navigating the issues that arise post-closing than SRS. For more information, visit www.shareholderrep.com.