Beruflich Dokumente
Kultur Dokumente
Total M&A Exits (a) 639 785 604 630 688 792 797 730 837
Core M&A exits up 29%
year-over-year.
113
103 102
86 94 91
76 80 79
Core M&A Exits (b)
$25.9
$22.1
$20.5 $21.0 $21.0 $21.2
$20.0
Consideration
$14.8
Exchanged $13.5
$billions (b)
Average Consideration
$208mm.
Proportion Premium Value (c) Up 11%Year-OverYear
Media 14%
5% 23%
Enterprise
Security
9% Application
4%
Core Transactions by Sector
Network
Infrastructure
11%
Number of Deals
Hardware
Digital by Sector
Marketing
SECTORS
Consumer Application
Enterprise Application
Analytics Application
Network Infrastructure
App Development
Security
Ecommerce
Digital Marketing
Media
Hardware
$2,553 $4,154 $1,013 $2,158 $999 $2,125 $679 $3,067 $2,049 $2,380 Service Provider
Total sector M&A value in $mm Source: Architect Partners LLC, Capital IQ, company filings and public information 3
PREMIUM VALUE DEALS Premium Value is defined as greater than 5 times invested equity capital
Q1 - 2017 or 5 times the estimated last 12 months revenue (LTM)
1. 2. 3. 4. 5.
4 / 14 | $737mm 3 / 8 | $27.6B 1 / 8 | $4.2B 2 / 7 | $1.1B 1 / 7 | $7.2B
Appbridge Software Agile Extensions Unity&Variety Critical Technologies Skyward IO
Fabric Donya Labs Nurego
Kaggle Maluuba
Limes Audio
6. 7. 8. 9. 10.
2 / 6 | $9.4B 1 / 6 | $10.3B 0 / 6 | NA 2 / 5 | $650mm 1 / 5 | $15.8B
Melaud Apiary None Souq.com Mobileye
Perch Technologies Thinkbox Software
Number of new deals in Q1 / total deals last 4 quarters | total spend last 4 quarters (a)
a) A number of transactions do not disclose acquisition price, so aggregate value of deals over the last twelve months is likely understated.
Source: Architect Partners LLC, Capital IQ, company filings and public information 5
CORE TRANSACTIONS
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Smart Space is an international developer of online mobile games. The
6.cn Inc. Smart Space 55
company is based in China.
Develops and provides a data management and demand side platform for
Amobee, Inc. Turn Inc. 310 marketers, brands, and agencies. Founded in 2004, based in Redwood City, x
CA.
Ruckus Wireless, Inc. and ICX Ruckus Wireless, Inc. and ICX Switch Business comprises manufacture of Wi-
ARRIS International plc 877
Switch Business Fi solutions and switches. The assets are located in the United States.
Provides a collaborative Web and mobile based application that helps teams
Atlassian, Inc. Trello, Inc. 425 and individuals to stay organized and communicate on projects. Founded in x
2014, based in New York, NY.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 6
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Lianyi Technology develops software solutions for educational universities.
Beijing Thunisoft Co.Ltd Lianyi Technology 216
The company is based in Beijing, China.
Ferroxcube International Manufactures and supplies ferrite components and accessories. Founded in
Chilisin Electronics Corp. 143
Holding B.V. 1998, based in Roermond, the Netherlands.
Manufactures and sells chip resistors and resistor arrays primarily in Taiwan
Chilisin Electronics Corp. Ralec Electronic Corp. 162
and internationally. Founded in 1994, based in Kaohsiung, Taiwan.
Communications Sales & Ofers Internet, telephone, and cloud services. The company provides voice
Hunt Telecommunications, LLC 170
Leasing, Inc. and data services. Founded in 2004, based in Metairie, LA.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 7
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Provides fiber-based bandwidth infrastructure and service in the Mid-
EQT Partners AB Lumos Networks Corp. 942
Atlantic region. Founded in 1994, based in Waynesboro, VA.
Provides information and data for the global forest products industry. The
Euromoney Institutional company oers information services, including indices, industry trends,
RISI, Inc. 125
Investor news, prices, analytics, and forecasts. Founded in 1985, based in Bedford,
MA.
Brocade Communications
Brocade Communications Systems, Inc., Data Center Switching, Routing, and
Systems, Inc., Data Center
Extreme Networks, Inc. 55 Analytics Business comprise data center switching, routing, and analytics
Switching, Routing, and
business. The assets are located in the United States.
Analytics Business
Develops and operates cloud based platforms and solutions for multi-asset
FactSet Research Systems
BI-SAM Technologies S.A. 205 portfolio analysis, performance and attribution, market risk analysis, and x
Inc.
reporting. Founded in 2000, based in Paris, France.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 8
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Fortuna Entertainment Provides domain expertise, sports book/risk management, sports betting
Hattrick Sports Group Ltd. 143 x
Group N.V. software, and IT servers. Founded in 2002, based in Dublin, Ireland.
Androidmov Technology Co., Androidmov publishes online articles about Technology trends in China.
Geeya Technology Co., Ltd. 87
Ltd. Founded in 2003, based in Shanghai, China.
GOME Electrical Appliances Meixin Network Technology Designs, develops, and operates a mobile social data platform. Founded in
131 x
Holding Company Limited 2000, based in Beijing, China.
Hewlett Packard Enterprise Provides hyperconverged infrastructure that accelerates the deployment of
SimpliVity Corp. 650 x
Company resources and workloads. Founded in 2008, based in Westborough, MA.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 9
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Oers smart cards and smart card operating systems, such as contact and
Advanced Card Systems
HNA Ecotech (HK) Co. 73 contactless interface, and USB token. Founded in 1995, based in Kowloon
Holdings
Bay, Hong Kong.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 10
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Oers news publication services through its subsidiary. The companys
Ilcorp Ltd. Monitin Publishers 29 subsidiary, Globes, provides financial and daily news services. Founded in
1983, based in Israel.
Engages in the retail and online retail of apparel for women internationally. It
Jet.com, Inc. ModCloth, Inc. 75 provides dresses, tops, bottoms, swimwear, shoes, accessories, home and x
gifts, and wedding products. Founded in 2002, based in San Francisco, CA.
Operates an online travel portal that publishes flight deals in the UK and
Kayak Software Corp. Momondo Group Holdings 550 x
internationally. Founded in 1996, based in London, UK.
Bank Audi transferred its electronic payment and card services business
M1 Limited Areeba s.a.l. 220 (Areeba), and with which it has entered into a service level agreement for
the provision of these services.
More Minutes Communications Comprises the More Minutes' business of providing mobile
MsMvil Ibercom, S.A. 45
Sl, Llamaya telecommunication services. The asset is located in Spain.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 11
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Oers broadcasting services and operates thematic channels for the digital
Mediawan S.A. AB Groupe S.A. 289 pay-television market in France. Founded in 1977, based in Saint Denis,
France.
Nokia Solutions and Oers EventLink which detects anomalies in network and enhances network
Comptel Oyj 369
Networks Oy quality on the fly. Founded in 1986, based in Helsinki, Finland.
Owns and operates cinema theaters in the Nordic and Baltic countries. It
Odeon Cinemas Group Ltd Nordic Cinema Group AB 973 operates various cinema theaters and screens in major and mid-sized cities.
Founded in 2013, based in Stockholm, Sweden.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 12
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Develops solutions for identifying and preventing cyber-attacks and
Palo Alto Networks, Inc. LightCyber Ltd. 105 advanced persistent threats (APT). Founded in 2011, based in Ramat Gan, x
Israel.
Providence Equity Partners Modern Times Group Mtg AB, Modern Times Group Mtg AB, Baltic Broadcasting Businesses oers free-TV,
124
LLC Baltic Broadcasting Businesses pay-TV, digital, and radio broadcasting services.
The Rainmaker Group Ventures, The Rainmaker Group Ventures, LLC, Lease Rent Options Business
RealPage, Inc. LLC, Lease Rent Options 300 comprises a revenue management software solution that empowers
Business optimized pricing for apartments.
Rentian Technology Enterprise Development Provides integrated business software solutions primarily in the Peoples
76
Holdings Holdings Republic of China. Founded in 2006, based in Hong Kong.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 13
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Shandong Mining Wenmai Interactive and Linyou Engages in the development of online games. Linyou Interactive engages in
146
Machinery Group Co. Interactive the distribution of mobile games. The companies are based in China.
Provides mobile radio networks, high speed broadband, and Internet service
Spark New Zealand Trading
TeamTalk Ltd. 41 provider (ISP) services in New Zealand. Founded in 1994, based in
Ltd.
Wellington, New Zealand.
Develops mobile action, social, and strategy free-to-play games. Its most
Take-Two Interactive popular game oerings are Dragon City and Monster Legends, each of
Social Point S.L. 280 x
Software, Inc. which have been downloaded more that 180M times according App Annie.
Founded in 2008, based in Barcelona, Spain.
Engages in the printed media, and digital media and radio businesses in the
Talpa Holding N.V. Telegraaf Media Groep N.V. 300 Netherlands and internationally. Founded in 1893 , based in Amsterdam, the
Netherlands.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 13
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Wireless Communication 2G, 3G, 4G Wireless Communication Module and GNSS Module Business
u-blox Holding AG Module and GNSS Module 53 Related Technology and Assets comprises wireless telecommunication
Business Related Technology services business assets.
Develops mobile apps and games for the iOS and Android platforms. The
United Luck Group company's most successful game to date is the Talking Tom Cat app which
Outfit7 Investments Ltd. 1000
Holdings has been downloaded 40 million times. Founded in 2013, based in
Marylebone, UK.
Provides real-time flight status and schedules data, and market analysis. The
company provides data feeds, timetable solutions, flight times, a source of
Vitruvian Partners LLP OAG Aviation Group Limited 215
minimum connecting times data, a flight schedules tracking and notification
system, and reference data. Founded in 2002, based in Luton, UK.
Designs and develops embedded signal processing and radio modules for
Wireless
CommAgility Ltd 31 4G and 5G mobile network and related applications in the United Kingdom
Telecommunications Group
and internationally. Founded in 2006, based in Loughborough, UK.
Wolong Real Estate Group Tianjin Kale Interactive Develops mobile and online games. The company was founded in 2009 and
770
Co., Ltd. Technology Co., Ltd. is based in Tianjin, China.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 13
CORE TRANSACTIONS (CONTINUED)
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Develops cloud based software solutions for performance management,
Wolters Kluwer Tax &
Tagetik Software srl 317 disclosure management, financial governance, and business intelligence (BI). x
Accounting US
Founded in 1984, based in Lucca, Italy.
Oers residential property market insights and analytics through its online
Zoopla Property Group Plc Hometrack.co.uk Ltd 182
platform. Founded in 2000, based in London, UK.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 13
OTHER NOTABLE DEALS
Q1 - 2017 Premium Value M&A
TRANSACTION AP M&A
BUYER TARGET TARGET DESCRIPTION VC-BACKED
VALUE ($MM) ALERT
Develops and operates a unified data platform that provides analytics on paid and
Activision Blizzard, Inc. Omniata Inc. NA x
unpaid gaming users. Foundedin 2012, based in San Francisco, CA.
Workflow provides a tool that lets users hook together apps and functions within
Apple Inc. Workflow NA apps in strings of commands to automate tasks. Founded in 2012, based in San x
Francisco, CA.
Oers storage systems and software that enhance the performance of a range of
Hewlett Packard Enterprise business applications and workloads, including virtual servers and desktops,
Nimble Storage, Inc. 1,349
Co. databases, email, collaboration, and data analytics. Founded in 2007, based in San
Jose, CA.
Develops online marketing analytics platform that makes big data actionable for marketers
Nielsen Holdings plc Rhiza, Inc. NA and salespeople for research, ad sales, and marketing.Founded in 2008, based in Pittsburgh, x
PA.
Develops a smart home monitoring platform which enables people to use their old
Samsung Electronics Co. Perch Technologies NA x
smartphones as security cameras. Founded in 2012, based in New York, NY.
Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion. 15
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