⁍ Moelis & Co hired Elan Zivotofsky as a managing director to provide financing and transaction advice to Israeli-based companies.
⁍ Zivotofsky formerly led growth-stage venture investments at Ibex Investors.
⁍ He will be based in Tel Aviv with the aim of helping Moelis expand its business in the Middle Eastern tech hub.
– Moelis & Co. is expanding its reach into the “startup nation” of Israel with the hiring of a managing director who has worked with Israeli companies for more than 20 years. Elan Zivotofsky will be based in Tel Aviv and provide financing and transaction advice to Israeli-based companies, according to a memo seen by Reuters. The New York investment bank already has a presence in Israel, having advised MediWound, an Israeli burn treatment company, on its license agreement with Vericel last year. Zivotofsky, who will be based in Tel Aviv, “has spent over 20 years working with Israeli companies as an investment banker and investor,” according to the memo. He had led M&A transactions for Checkpoint Software and NICE Systems when he led tech M&A in the region at Lehman Brothers. Later, he invested in companies, including electric bicycle service JUMP Bikes and Wave Financial, according to his LinkedIn page. Israel, known as a “startup nation,” is home to over 6,000 active startups. In the third quarter, Israeli private high-tech companies raised a record $2.74 billion, a 24% year-over-year increase despite the coronavirus pandemic, according to the Israel Venture Capital Research Center and ZAG law firm.
Source: https://www.reuters.com/article/moves-moelis-tech/moves-moelis-adds-tech-banker-to-expand-in-israel-memo-idUSL1N2HC2DG