Internet DealBook

Annual Global M&A and

Investment Activity Review
1 January - 31 December 2015

Internet DealBook is published by Online Agility, a Right Click Capital company

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Informational Sources
All information contained in this presentation was sourced using Internet.
DealBooks database. All additional information used to create the IDB
indices, was sourced from InternetWorldStats.com on December 2015.
Internet DealBook collects and compiles all their data from publicly
available sources. Average deal values are calculated using only deals
where the value has been disclosed. Visit Internet Dealbook for more
information on the methodology used for tracking and collating deals.

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Internet DealBook

Global Overview
1 January - 31 December 2015

Over $106bn of investments and acquisitions

3,943 deals tracked from public sources
All amounts are in USD
IPOs have been excluded from deal values and numbers

Internet DealBook

Global Geographic Overview

Deal value by region ($bn)

ADV
2014 - $47.53m
2015 - $32.42m

$120.00

$109.23
$100.00

$80.00

Billions

$64.46
$60.00

$40.00

ADV
2014 - $680.12m
2015 - $21.83m

ADV
2014 - $21.99m
2015 - $15.02m

ADV
2014 - $23.94m
2015 - $18.18m

ADV
2014 - $38.83m
2015 - $34.00m

ADV
2014 - $36.26m
2015 - $51.31m
$23.91

$21.51
$16.42

$20.00

$13.85

$9.52
$0.13

$0.44

$0.48

$2.13

$1.24

$South America

Rest of World

Middle East
2014

ADV = Average Deal Value

Europe

Asia/Pac

North America

2015

Internet DealBook

Global Geographic Overview

Deal number by region

North America = 2462

Asia/Pac = 677
Europe = 673
Middle East = 80
Rest of World = 43
South America = 8

Internet DealBook

Top 10 Countries
Countries by deal value ($bn)

ADV
$33.31m

$70.00

$63.46
$60.00

$50.00

Billions

$40.00

$30.00

$20.00

ADV
$250.14m

ADV
$22.84m

ADV
$121.08m

ADV
$20.33m

ADV
$28.29m

ADV
$17.49m

ADV
$32.26m

ADV
$278.79m

ADV
$179.25m
$12.55

$10.00
$1.25

$1.28

$1.45

$1.55

$2.32

$2.92

Russia

Australia

South Korea

Japan

Germany

UK

$4.81

$6.97

$-

ADV = Average Deal Value

India

Sweden

China

US

Internet DealBook

Top 10 Countries
Countries by deal number

US = 2353
UK = 218
India = 212
Germany = 140
Canada = 109
China = 97
Japan = 90
Australia = 88
France = 81
Israel = 75

Internet DealBook

Global Overview - Investments

Investment value by region ($bn)

ADV
2014 - $17.24m
2015 - $23.14m

$50.00

$44.89
$45.00
$40.00

$37.86

$35.00

Billions

$30.00
$25.00

ADV
2014 - $20.73m
2015 - $21.83m

ADV
2014 - $16.75m
2015 - $7.50m

ADV
2014 - $8.07m
2015 - $13.17m

ADV
2014 - $10.80m
2015 - $16.57m

ADV
2014 - $29.24m
2015 - $46.64m
$20.61

$20.00
$15.00
$10.21
$10.00

$7.72
$5.67

$5.00
$0.25

$0.13

$0.30

$0.22

$0.65

$0.87

$South America

Rest of World

Middle East
2014

ADV = Average Deal Value

Europe

Asia/Pac

North America

2015

Internet DealBook

Global Overview - Investments

Number of investments by region

North America = 2154

Asia/Pac = 577
Europe = 576
Middle East = 73
Rest of World = 36
South America = 7

Internet DealBook

Global Overview - Acquisitions

Acquisition value by region ($bn)

ADV
2014 - $699.77m
2015 - $407.56m

$80.00

$71.38
$70.00
$60.00

Billions

$50.00
$40.00

ADV
2014 - $4,636.48m
2015 - $0.00m

ADV
2014 - $69.15m
2015 - $87.71m

ADV
2014 - $165.00m
2015 - $183.50m

ADV
2014 - $110.50m
2015 - $137.32m

ADV
2014 - $546.29m
2015 - $511.74m

$30.00
$19.56

$20.00
$10.00

$15.84
$9.27

$8.70
$0.00

$0.14

$0.26

$1.49

$3.65

$3.30

$0.37

$South America

Rest of World

Middle East
2014

ADV = Average Deal Value

Asia/Pac

Europe

North America

2015

Internet DealBook

Global Overview - Acquisitions

Number of acquisitions by region

North America = 308

Asia/Pac = 100
Europe = 97
Middle East = 7
Rest of World = 7
South America = 1

Internet DealBook

Sector Overview
Deal value by sector ($bn)
ADV
2014 - $28.20m
2015 - $22.92m

ADV
2014 - $205.28m
2015 - $39.44m

$45.00

ADV
2014 - $33.50m
2015 - $46.63m

$40.33

$40.24

$38.33

$40.00
ADV
2014 - $68.94m
2015 - $22.38m

$35.00

$28.06

Billions

$30.00

$26.68
$23.22

$25.00
$20.00
$15.00
$10.00
$5.00

ADV
2014 - $105.56m
2015 - $132.55m

ADV
2014 - $27.74m
2015 - $17.84m
$7.21

$5.68

$6.76

$6.76

ADV
2014 - $23.58m
2015 - $74.33m

ADV
2014 - $45.10m
2015 - $44.60m
$7.62

$7.76

$9.96
$7.79

$3.67

$3.25

$Marketing

Hardware &
Infrastructure

Games

Ecommerce

2014

ADV = Average Deal Value

Mobile & Apps

Media

Software & Services

Transactions

2015

Internet DealBook

Sector Overview
Number of deals by sector

Software & Services = 1495

Transactions = 1067
Mobile & Apps = 438
Marketing = 273
Ecommerce = 233
Media = 186
Hardware & Infrastructure = 180
Games = 71

Internet DealBook

Sector Overview - Investments

Investment value by sector ($bn)

ADV
2014 - $22.75m
2015 - $37.23m

$35.00

$29.64

ADV
2014 - $16.34m
2015 - $17.99m

$30.00

$25.00

$22.12

Billions

$20.41
$20.00

$15.00

ADV
2014 - $16.46m
2015 - $17.39m

ADV
2014 - $12.65m
2015 - $17.01m

ADV
2014 - $10.08m
2015 - $15.96m

ADV
2014 - $13.83m
2015 - $25.92m

ADV
2014 - $37.55m
2015 - $43.52m

$10.00

ADV
2014 - $10.56m
2015 - $21.94m

$15.27

$7.50

$7.35
$6.01

$5.00
$0.94

$2.28

$2.40

$2.45

$3.13

$0.83

$4.05

$3.19
$1.81

$Games

Hardware &
Infrastructure

Marketing

Media

2014

ADV = Average Deal Value

Ecommerce

Mobile & Apps

Software & Services

Transactions

2015

Internet DealBook

Sector Overview - Investments

Number of investments by sector

Software & Services = 1297

Transactions = 944
Mobile & Apps = 385
Marketing = 221
Ecommerce = 204
Hardware & Infrastructure = 167
Media = 146
Games = 59

Internet DealBook

Sector Overview - Acquisitions

Acquisition value by sector ($bn)
ADV
2014 - $2,372.41m
2015 - $1,093.33m
$40.00

$37.96

$35.00
$30.00

Billions

$25.00

ADV
2014 - $1,043.65m
2015 - $47.77m
$24.00

ADV
2014 - $179.27m
2015 - $81.22m

ADV
2014 - $280.26m
2015 - $54.65m

ADV
2014 - $831.96m
2015 - $1,975.10m

$20.00

ADV
2014 - $239.57m
2015 - $209.17m

ADV
2014 - $205.97m
2015 - $615.59m

ADV
2014 - $361.32m
2015 - $334.50m

$18.21

$15.00
$10.00
$5.82

$4.76

$5.00
$0.29

$1.61

$5.93

$6.28

$7.95

$8.70

$3.28
$1.44

$0.55

$0.41

$6.77

$Mobile & Apps

Ecommerce

Marketing

Hardware &
Infrastructure
2014

ADV = Average Deal Value

Games

Software & Services

Media

Transactions

2015

Internet DealBook

Sector Overview - Acquisitions

Number of acquisitions by sector

Software & Services = 198

Transactions = 123
Mobile & Apps = 53
Marketing = 52
Media = 40
Ecommerce = 29
Hardware & Infrastructure = 13
Games = 12

Internet DealBook

IDB Population Index

Total deal value/population ($m)
$800.00
$715.03
$700.00

$600.00
$521.45

Millions

$500.00

$400.00

$300.00

$176.67

$200.00

$197.47

$146.31
$91.16

$100.00
$42.81

$45.09

$51.50

Kuwait

UK

Hong Kong

$56.21

Australia

$Iceland

Israel

Singapore

US

Luxembourg

Sweden

Internet DealBook

IDB Internet User Index

Total deal value/internet user population ($m)
$800.00

$756.24

$700.00

$600.00

$550.81

Millions

$500.00

$400.00

$300.00
$195.82

$200.00

$100.00

$215.46

$226.04

Singapore

US

$92.87
$49.22

$54.40

$60.39

UK

Kuwait

Australia

$63.94

Hong Kong

$Iceland

Israel

Luxembourg

Sweden

Internet DealBook

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Internet DealBook is published by Online Agility, a Right Click Capital company

Internet DealBook