Mr. Sternbach brings extensive experience in mergers, acquisition, investments and strategic advisory. Prior to establishing Eldav, Mr. Sternbach was a Founding-Partner of IEL Israel Equity, an Israeli private equity firm. During his tenure at IEL, Mr. Sternbach led the purchasing of leading Israeli companies, including Tadbik (TASE, one of Israel's largest packaging companies), Phoenicia Glass Works (an Israeli monopoly in the manufacturing of glass containers) and Bikurofe (Israel's largest private provider of medical services).
Prior to that, Mr. Sternbach was a Senior Advisor at the Mergers and Acquisitions Groups of Deutsche Bank and Bear Stearns in New York. He advised, primarily, large cap clients, in the defense, aerospace and technology sectors, as well as private equity / LBO funds. In this capacity he also participated in principal investments, and overall advised on transactions valued at over $50B. Prior to its acquisition by Deutsche Bank, Mr. Sternbach was a member of the M&A Group of Bankers Trust / Wolfensohn in New York.
Mr. Sternbach, a CPA, holds an MBA degree, with Distinction, from the Wharton Business School, a degree in Real Estate Management and Appraisal, and a BA in Accounting and Economics from Tel Aviv University.