JERUSALEM, July 5 (Reuters) -
* Israeli high-tech exits totalled $1.95 billion in the first half of 2017, a five-year low, the Israel Venture Capital Research Center and Meitar law firm said in a report on Wednesday.
* Exits comprised 46 merger and acquisition deals for $1.5 billion, seven initial public offerings and four buyouts.
* The average exit deal in the first half was $34 million, well below the average of $87 million in 2016, when there were 115 exits totalling $10 billion.
* The largest deal in the first half was the $340 million acquisition of Valtech by Edwards Lifesciences. The report does not include Intel's acquisition of Mobileye for $15.3 billion, since this deal has not yet closed.
* IPOs recovered somewhat in the first half, with seven offerings grossing $227 million, compared with $22 million last year. (Reporting by Steven Scheer; Editing by Tova Cohen)