Second Quarter 2013 Report

Executive Summary
Overview USD14.0bn of deals tracked in Q2 2013 1079 deals tracked from public sources in Q2 2013, up from 993 in Q2 2012 The average deal value of investments has remained steady at USD12.1m in Q2 2013, compared with USD11.8m in Q2 2012 The average deal value of acquisitions has remained relatively even at USD194.4m in Q2 2013, compared with USD194.1m in Q2 2012

Deals by region Asia/Pacific leads all regions with an average deal value of USD67.0m North America still accounted for the vast bulk of deals tracked, recording USD7.8bn, or 56% out of the USD14.0bn recorded for all regions Average deal values have risen by 39.1% in Europe when compared to Q2 2012 All regions have experienced an increase in the number of deals At USD62.5m the Asia/Pacific region had the leading average deal value for investments

Deals by sector Media, Ecommerce and Mobile and Apps have all recorded increases in average deal values of 121.4%, 17.6% and 18.4% respectively from Q2 2012 to Q2 2013 Marketing and Software and Services recorded an increase in the number of deals Software and Services showed a slight increase in the number of acquisitions up 1.2% from Q2 2012 to Q2 2013 The average deal value of acquisitions in the Media sector increased by over 900% mainly due to Yahoo!s acquisition of Tumblr.

Key Statistics Description Number of deals Deals disclosed Total deal value Average deal value Total investment value Total acquisition value Q2 2012
993 648 $17,831,584,320 $27,517,877 $6,959,984,320 $10,871,600,000

Q2 2013
1,079 778 $13,959,154,000 $17,942,357 $9,098,254,000 $4,860,900,000

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Deal value growth by sector Q2 2012 - Q2 2013

150% 100% 50% 0% -50% -100% -150% Games Hardware & Marketing Transactions Software & Infrastructure Services Mobile & Apps Ecommerce Media -93% -37% -19% -12% 8% 12% 19% 111%

Deal value growth by region Q2 2012 - Q2 2013

100% 80% 60% 40% 20% 0% -20% -40% -60% -42% -27% 19% 82%

Asia/Pac

North America

Rest of World

Europe

Deal number growth by sector Q2 2012 - Q2 2013

50% 40% 30% 20% 10% 0% -10% -20% -30% -23% Games -21% Media -11% -17% Hardware & Mobile & Infrastructure Apps Ecommerce Transactions Marketing Software & Services -4% -3% 14% 39%

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Deal number growth by region Q2 2012 - Q2 2013

40% 35% 30% 25% 20% 15% 10% 5% 0% 4% 8% 10% 38%

Asia/Pac

North America

Europe

Rest of World

Millions

$180 $160 $140 $120 $100 $80 $60 $40 $20 $Transactions

Average deal value by sector Q2 2012 - Q2 2013

$158

$75 $48 $31 $11 $10 $10

Games

$34 $17 $17 $20 $18 $21 $15

$15 $11
Software & Services

Marketing

Mobile & Apps

Ecommerce

Media

Hardware & Infrastructure

2012

2013

Millions

$120 $100 $80 $60 $40 $22 $20 $0

Average deal value by region Q2 2012 - Q2 2013

$97

$67 $53 $42 $16

$13

$11

North America

Europe
2012

Rest of World
2013

Asia/Pac

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1000% 800% 600%

Average deal value growth by sector Q2 2012 - Q2 2013

918%

379% 400% 200% 13% -39% 0% -200%

Hardware & Software & Infrastructure Services Transactions Ecommerce Games Mobile & Apps Marketing Media

267% 130% -5% -31% -21% -16% 53% 0% 0% -27% -25% 42%

Investments

Acquisitions

*No acquisition values recorded for the Ecommerce and Games sectors

Average deal value growth by region Q2 2012 - Q2 2013

900% 800% 700% 600% 500% 400% 300% 200% 100% 0% -100% -200% 788%

388% 276% -14%

-80%

-4%

-52%

-9%

Asia/Pac

North America Investments

Rest of World Acquisitions

Europe

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