Beruflich Dokumente
Kultur Dokumente
M&A SNAPSHOT
Q3 - 2015
2013
Q3
406
2015
2014
Q4
416
Q1
Q2
Q3
Q4
Q1
Q2
Q3
494
464
509
539
639
785
604
86
80
70
61
74
63
76
45
41
$20.0
$18.5
Consideration
Exchanged
$13.8
$12.3
$8.1
$9.6
$20.5
$13.5
$9.4
$billions (b)
Average Consideration $256mm.
Up 11% Year-OverYear
5%
2%
3%
4%
4%
4%
4%
3%
3%
21%
32%
42%
17%
18%
29%
27%
20%
24%
Source: Architect Partners LLC, Capital IQ, company filings and public information
a) M&A exits within Mobile | Internet | Digital Media sectors
b) Core M&A exits are defined as transactions with announced or estimated values between $25 million and $1 billion in consideration, as these typically represent successful businessbuilding endeavors
c) Premium value transactions are defined as greater than 5 times invested equity capital or 5 times estimated last twelve months revenue (LTM)
M&A BY SECTOR
Service
App
Commerce Provider
Dev Consumer
Application
12%
3%2%
Analytics
8%
Application
11%
3%
Q3 - 2015
Media
Security
6%
Network
Infrastructure
8%
26%
Enterprise
Application
14%
8%
Hardware
Digital
Marketing
Number of Deals
by Sector
SECTORS
$1,037
$6,145
$2,028
$2,215
$1,892
$2,161
Source: Architect Partners LLC, Capital IQ, company filings and public information
$1,418
Consumer Application
Enterprise Application
Analytics Application
Network Infrastructure
App Development
Security
Commerce
Digital Marketing
Media
Hardware
Service Provider
3
Target | Acquirer
x LTM Revenue
Xoom | PayPal
Rentrak | Comscore
GT Nexus | Infor
Yodlee | Envestnet
Elemental Technologies | Amazon*
0
10
Source: Architect Partners LLC, Capital IQ, company filings and public information
* revenue multiple reported to be between 5x-10x LTM revenue
10
12
14
16
18
20
4
MOST ACTIVE
ACQUIRERS LTM
(In terms of number of Acquisitions)
1.
2.
6/15 | $2.8B
Adallom
Adxstudio
Double Labs
FieldOne Systems
Incent Games
Volometrix
6.
3.
4.
5.
2 / 9 | $320mm
3 / 9 | $950mm
4 / 8 | $962mm
Jibe Mobile
Pixate
Appthwack
Elemental Technologies
Safaba Translation
Appcore
Compose
Merge Healthcare
Strongloop
7.
8.
9.
1 / 7 | $774mm
MaintenanceNet
10.
1 / 7 | $60mm
2 / 6 | $1.4B
0 / 5 | $14.2B
0 / 5 | $2.5B
0 / 5 | $533mm
Pebbles LTD.
MODEST, Inc.
Xoom
None
None
None
Number of new deals in Q3 / total deals last 4 quarters | total spend last 4 quarters (a)
a) A number of transactions do not disclose acquisition price, so aggregate value of deals over the last twelve months is likely understated.
Source: Architect Partners LLC, Capital IQ, company filings and public information
CORE TRANSACTIONS
Q3 - 2015
BUYER
TARGET
TRANSACTION
VALUE ($MM)
Adidas
Runtastic GmbH
239
Advance Communication
Corp
1010data
500
Provides big data discovery and data sharing solutions for business
and technical users. Based in New York, New York.
Navitaire
830
TARGET DESCRIPTION
AP M&A
ALERT
VC-BACKED
Elemental Technologies
500
Guangzhou Chuangsi
Information Technology
394
AOL Inc.
Millennial Media
253
Apple Inc.
MapSense
28
Avendra Group
BuyEcient
27
Axel Springer
Business Insider
442
Beijing Philisense
Technology Co
Interworld Technology
Development
85
BlackBerry
Good Technology
661
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
TRANSACTION
VALUE ($MM)
TARGET DESCRIPTION
Blackboard
Smart, LLC
190
CEB Inc.
34
Cisco Systems
MaintenanceNet
139
AP M&A
ALERT
VC-BACKED
ComScore
RenTrak Corporation
850
Leetchi SA
56
Daimler AG
HERE Corporation
3,069
Provides maps and other location content for navigation, locationbased services, and mobile advertising applications around the globe.
Based in Chicago, Illinois.
Diodes Inc.
Pericom Semiconductor
379
DTS Inc.
Ibiquity Digital
172
Entertainment One
212
Envestnet
Yodlee
52
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
TARGET
TRANSACTION
VALUE ($MM)
Ericsson
Envivio
125
Fandango Media
Ingresso.com.br
67
235
69
Groupon
OrderUp
TARGET DESCRIPTION
AP M&A
ALERT
VC-BACKED
Havas
Fullsix
75
Helpling
Teddle
36
Oers a platform that allows users to find, book, and pay for cleaners
online. Based in London, United Kingdom.
Hubei Huachangda
Intelligent Equipment
236
Shenzhen Sontahitec
Industry Development
200
Infor
GT Nexus, Inc
675
IBM
Merge Healthcare
962
191
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
TARGET
TRANSACTION
VALUE ($MM)
TARGET DESCRIPTION
Laberie Holdings
150
Leyard American
Corporation
37
Match.com
PlentyOfFish Media
565
MBS Holdings
Alteva
305
MediaTek Capital Co
Chingis Technology
Corporation
27
Microsoft
Adallom, Inc.
320
87
404
Montage Technology
Group
Pericom Semiconductor
MStar Semiconductor,
Inc.
30
Nanjing Kangni
Mechanical & Electrical
Co
94
NetPosa Technologies,
Ltd
33
AP M&A
ALERT
VC-BACKED
x
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
News Corp
TARGET
Unruly Group
TRANSACTION
VALUE ($MM)
TARGET DESCRIPTION
177
AP M&A
ALERT
VC-BACKED
839
Oculus VR
Pebbles LTD.
60
Omron Management
Center of America
199
Global HR Research
42
PayPal, Inc.
Xoom Corporation
850
BillGuard, Inc.
30
Rockwell Collins
International
Communications Group, Inc.
64
Samsung
SECUi Corp.
81
Seagate Technology
608
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
10
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
TRANSACTION
VALUE ($MM)
TARGET DESCRIPTION
AP M&A
ALERT
VC-BACKED
Shenandoah
Telecommunications Co.
730
1,000
33
Snapchat
Looksery, Inc.
150
Splunk, Inc.
Caspida, Inc.
190
SS&C Technologies
Holdings
Primatics Financial
122
Sterlite Technologies
Elitecore Technologies
27
Synacor, Inc.
TZ Holdings
24
Technicolor SA
292
688
Tele Columbus AG
Pepcom GmbH
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
11
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
TARGET
TRANSACTION
VALUE ($MM)
TARGET DESCRIPTION
AP M&A
ALERT
Ziptronix, Inc.
39
650
84
100
VC-BACKED
30
TOTVS S.A.
Bematech SA
177
Tradeshift Inc.
Merchantry, Inc.
30
Travelport Worldwide
Limited
60
679
97
Valid Soluciones
Tecnologicas
Fundamenture A/S
138
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
11
CORE TRANSACTIONS
(CONTINUED)
Q3 - 2015
BUYER
TRANSACTION
VALUE ($MM)
TARGET DESCRIPTION
127
Vonage Holdings
Corporation
92
Walmart Labs
Punchtab, Inc.
30
Webedia SAS
56
Feat China
57
100
Zealot Networks
ViralNova, LLC
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.
AP M&A
ALERT
VC-BACKED
11
BUYER
TARGET
TRANSACTION
VALUE ($MM)
Altice N.V.
Cablevision Systems
Corporation
19,433
Appthwack
Braintree
MODEST Inc.
CA, Inc.
Xceedium
Veritas Technologies
Corporation
8,000
Provides maps and other location content for navigation, locationbased services, and mobile advertising applications around the globe.
Based in Chicago, Illinois.
3,069
Google, Inc.
Jibe Mobile
IBM
Appcore
IBM
Strongloop
TARGET DESCRIPTION
AP M&A
ALERT
VC-BACKED
x
x
x
Meredith Corporation
3,095
Oracle, Inc.
Maxymiser, Inc.
Oers Maxymiser, a cloud-based testing, personalization, and crosschannel optimization solution. Based in New York, New York.
TIBCO
Mashery
Solera Holdings
6,751
M&A transactions with consideration in excess of $1B or with unannounced transaction values
12