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Israel is now well recognized for its technology expertise. CIBC was one of the first Wall Street investment banks to note this expertise, and leverage it by establishing a dedicated Israeli business-development effort in the early 1990s. Lior Bregman, head of CIBC’s Israeli efforts, notes that Israel was once an investment niche market. CIBC paved the way in bringing the country’s enormous investment promise to light."
This head start has given the CIBC team – Bregman, Jim Applebaum, CIBC’s Tel Aviv-based investment banker, and equity research analysts, Shaul Eyal and Dan Zuk – enormous advantages in spotting promising opportunities for investors.
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Since the early 1990s, CIBC has underwritten more than 80 transactions exceeding $4.5 million, including serving as lead manager in various successful underwritings for notable clients, including Audiocodes, BreezeCOM, DSP Communications, Gilat Satellite, and Zoran. The company also advises international and Israeli companies in highly visible M&A transactions.
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The firm is unique in that it is able to leverage its highly ranked staff of research analysts, without diluting its overall Israeli effort. Research analysts Ayal and Zuk, and a dedicated investment-banking team, stay focused on Israel, identifying crucial trends and undiscovered companies. "This extensive and coordinated effort," note Eyal and Zuk, "is the key to our success."
In addition to providing a full line of investment banking and research services, the firm is involved with the Genesis Venture Capital Group, which recently closed its second fund with $260 million. CIBC also has a full service affiliate relationship with the Israeli brokerage firm, E. Shalev & Co. This partnership has established a market leadership in trading Israeli stocks, deploying substantial resources in Tel Aviv and New York. CIBC also maintains a road marketing effort that brings together senior management and potential investors. The company pioneered field trips to Israel for portfolio managers, and organizes major investment conferences n the United States. "The Israeli effort represents a very integral part of CIBC’s overall high-technology strategy," says Marshall Heinberg, head of CIBC’s technology investment banking.
"Israeli managements recognize the importance of an open investor-relations policy," say Eyal and Zuk. "They are increasingly more accessible, entertaining potential investors at their premises in Israel, and at road shows throughout Europe and North America. This is one of the fundamental improvements that cast a positive light on Israeli companies."
CIBC today maintains what is arguably Wall Street’s most comprehensive Israeli effort. "The breadth of service the bank deploys in its Israeli operations expresses our commitment in this area," notes Bregman. "We constantly seek to match emerging and established Israeli companies with international partners and investors." Adds Heinberg, CIBC has demonstrated to existing and potential clients that it is an expert that successfully bringing Israeli technology companies to the U.S. capital markets."
In addition to providing a full line of investment banking and research services, the firm is involved with the Genesis Venture Capital Group, which recently closed its second fund with $260 million. CIBC also has a full service affiliate relationship with the Israeli brokerage firm, E. Shalev & Co. This partnership has established a market leadership in trading Israeli stocks, deploying substantial resources in Tel Aviv and New York. CIBC also maintains a road marketing effort that brings together senior management and potential investors. The company pioneered field trips to Israel for portfolio managers, and organizes major investment conferences n the United States. "The Israeli effort represents a very integral part of CIBC’s overall high-technology strategy," says Marshall Heinberg, head of CIBC’s technology investment banking.
"Israeli managements recognize the importance of an open investor-relations policy," say Eyal and Zuk. "They are increasingly more accessible, entertaining potential investors at their premises in Israel, and at road shows throughout Europe and North America. This is one of the fundamental improvements that cast a positive light on Israeli companies."
CIBC today maintains what is arguably Wall Street’s most comprehensive Israeli effort. "The breadth of service the bank deploys in its Israeli operations expresses our commitment in this area," notes Bregman. "We constantly seek to match emerging and established Israeli companies with international partners and investors." Adds Heinberg, CIBC has demonstrated to existing and potential clients that it is an expert that successfully bringing Israeli technology companies to the U.S. capital markets."