Internet DealBook

Annual Global M&A and

Investment Activity Review
1 January - 31 December 2016

Internet DealBook is published by Right Click Capital

Disclaimer
The information contained herein is of a general nature and comes from
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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 November 2016.
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 2016

Over $209bn of investments and acquisitions

5,350 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
2015 - 32.33m
$160.00 2016 - 66.48m

$140.00 $135.82

$120.00

$100.00
Billions

$80.00
ADV $64.10
2015 - 34.37m
$60.00 2016 - 62.34m
ADV
2015 - 48.90m $44.63
2016 - 44.18m
$40.00 ADV ADV ADV
2015 - 21.83m 2015 - 18.18m 2015 - 15.37m $22.69 $24.52
2016 - 41.79m 2016 - 18.45m 2016 - 38.40m $16.60
$20.00

$0.13 $0.67 $1.24 $2.14 $0.48 $2.19

$0.00
South America Middle East Rest of World Asia/Pac Europe North America

2015 2016

ADV = average deal value

Internet DealBook
Global Geographic Overview
Deal number by region

North America = 3036

Europe = 1153
Asia/Pac = 887
Middle East = 140
Rest of World = 109
South America = 25

Internet DealBook
Top 10 Countries
Top 10 countries by deal value ($bn) ADV
67.68m
$140.00
$131.83

$120.00

$100.00

$80.00
Billions

$60.00
ADV
141.41m

$37.62
$40.00 ADV
127.23m
ADV ADV ADV ADV ADV ADV ADV
$20.00 52.48m 19.25m 15.75m 18.71m 18.61m 56.87m 42.00m $15.90

$2.00 $2.96 $3.13 $3.99

$1.42 $1.64 $1.73
$0.00
The France Germany Israel India Singapore Canada China UK US
Netherlands
ADV = average deal value
Internet DealBook
Top 10 Countries
Top 10 countries by deal number

US = 2889
UK = 409
India = 320
Germany = 220
Canada = 147
China =146
Israel = 123
Australia = 120
France = 113
Singapore = 81

Internet DealBook
Global Overview - Investments
Investment value by region ($bn) ADV
2015 - 23.02m
2016 - 21.11m
$50.00

$44.49
$45.00
$41.49

$40.00

$35.00
ADV
2015 - 44.08m
$30.00
2016 - 42.76m
Billions

$25.00 $22.88

$19.40
$20.00
ADV
2015 - 16.25m
$15.00 ADV 2016 - 10.61m
ADV ADV
2015 - 21.83m 2015 - 7.62m 2015 - 13.17m
$10.00 2016 - 17.52m 2016 - 16.36m 2016 - 15.08m $7.56 $7.31

$5.00
$0.13 $0.23 $0.21 $0.85 $0.87 $1.69
$0.00
South America Rest of World Middle East Europe Asia/Pac North America

2015 2016

ADV = average deal value

Internet DealBook
Global Overview - Investments
Number of investments by region

North America = 2272

Europe = 872
Asia/Pac = 729
Middle East = 122
Rest of World = 74
South America = 15

Internet DealBook
Global Overview - Acquisitions
ADV
AcquisiYon value by region ($bn) 2015 - 392.27m
2016 - 1225.08m
$100.00
$94.33

$90.00

$80.00

$70.00

$60.00
ADV
Billions

2015 - 502.60m
$50.00 2016 - 1382.29m

$40.00 $37.32

$30.00 ADV ADV ADV ADV

2015 - 0m 2015 - 183.50m 2015 - 87.71m 2015 - 137.32m $19.61
$20.00 2016 - 146.96m 2016 - 113.00m 2016 - 267.62m 2016 - 82.24m

$9.05
$10.00
$3.30 $1.64
$- $0.44 $0.37 $0.45 $0.26 $1.34
$0.00
South America Middle East Rest of World Asia/Pac Europe North America

2015 2016

ADV = average deal value

Internet DealBook
Global Overview - Acquisitions
Number of acquisiYons by region

North America = 764

Europe = 281
Asia/Pac = 158
Rest of World = 35
Middle East = 18
South America = 10

Internet DealBook
Sector Overview
Deal value by sector ($bn) ADV
2015 - 22.98m
$80.00 2016 - 49.06m

$70.00 $68.04

$60.00 ADV
2015 - 39.51m
ADV ADV 2016 - 205.59m
2015 - 45.15m 2015 - 74.51m
$50.00
2016 - 31.10m 2016 - 194.60m $43.79
Billions

$37.16 $38.34
$40.00

$29.30
$30.00 ADV $26.63
ADV ADV ADV
2015 - 127.70m 2015 - 44.45m 2015 - 17.84m 2015 - 22.30m
2016 - 33.39m 2016 - 51.30m 2016 - 46.99m 2016 - 30.43m
$20.00

$9.59 $9.89 $9.91

$10.00 $6.77 $7.78 $9.13 $7.63
$5.69
$3.67
$1.90
$0.00
Games Ecommerce MarkeYng Mobile & Apps TransacYons Media Hardware & So^ware &
Infrastructure Services

2015 2016

ADV = average deal value

Internet DealBook
Sector Overview
Number of deals by sector

So^ware & Services = 2174

TransacYons = 1350
Mobile & Apps = 475
MarkeYng = 337
Media = 336
Hardware & Infrastructure = 292
Ecommerce = 278
Games = 108

Internet DealBook
Sector Overview - Investments
ADV
Investment value by sector ($bn) 2015 - 35.71m
2016 - 27.06m
$30.00 $28.46
ADV
2015 - 17.87m
2016 - 17.50m
$24.81
$25.00 $23.42

$20.14
$20.00
Billions

$15.00 ADV ADV

2015 - 43.37m 2015 - 21.84m
ADV 2016 - 33.30m 2016 - 24.29m
$10.00 ADV ADV 2015 - 17.09m
ADV
2015 - 16.86m 2015 - 15.96m 2015 - 24.48m 2016 - 26.80m $7.37 $7.34 $7.75
2016 - 33.46m 2016 - 10.98m 2016 - 19.37m
$5.49 $5.59
$5.00
$3.13 $2.96 $3.49
$1.87 $2.02 $2.41
$0.84
$0.00
Games MarkeYng Media Hardware & Ecommerce Mobile & Apps So^ware & TransacYons
Infrastructure Services

2015 2016

ADV = average deal value

Internet DealBook
Sector Overview - Investments
Number of investments by sector

So^ware & Services = 1619

TransacYons = 1127
Mobile & Apps = 373
Hardware & Infrastructure = 244
MarkeYng = 219
Ecommerce = 218
Media = 215
Games = 69

Internet DealBook
Sector Overview - Acquisitions
AcquisiYon value by sector ($bn) ADV
2015 - 202.97m
$50.00 2016 - 910.67m
ADV
2015 - 1093.33m $44.62
$45.00 ADV
2016 - 4786.88m
2015 - 579.04m
2016 - 2049.96m $38.30
$40.00
$34.85
$35.00

$30.00
Billions

$25.00

$20.00
ADV ADV
ADV ADV ADV 2015 - 334.54m 2015 - 54.65m
$15.00 2015 - 1975.10m
2015 - 47.77m 2015 - 81.22m 2016 - 179.52m 2016 - 378.23m
2016 - 30.00m 2016 - 356.92m 2016 - 353.78m
$10.00 $8.70
$7.56 $6.95
$5.93 $6.50
$4.49
$5.00 $3.54 $3.28
$2.14
$0.03 $0.29 $0.41 $0.55
$0.00
Games Mobile & Apps Ecommerce TransacYons MarkeYng Media Hardware & So^ware &
Infrastructure Services

2015 2016

ADV = average deal value

Internet DealBook
Sector Overview - Acquisitions
Number of acquisiYons by sector

So^ware & Services = 555

TransacYons = 223
Media = 121
MarkeYng = 118
Mobile & Apps = 102
Ecommerce = 60
Hardware & Infrastructure = 48
Games = 39

Internet DealBook
IDB Population Index
Total deal value/populaYon ($m)
$700.00

$600.00 $580.79
$540.95

$500.00

$406.90
$400.00
Millions

$300.00
$244.90

$200.00

$112.84 $114.66
$96.83
$100.00 $83.84
$66.08
$40.49

$0.00
Finland Iceland The Sweden Canada Ireland Israel US Singapore UK
Netherlands

Internet DealBook
IDB Internet User Index
Total deal value/internet user populaYon ($m)
$700.00 $665.56
$633.98

$600.00

$500.00
$459.45

$400.00
Millions

$336.96

$300.00

$200.00
$138.93
$120.91
$102.41
$87.77
$100.00 $67.32
$46.08

$0.00
Switzerland Iceland The Sweden Canada Ireland Israel US UK Singapore
Netherlands

Internet DealBook
Australian Overview
1 January - 31 December 2016

$2.88bn of investments and acquisitions at an

average deal value of $30.92m

Over $405.99m of investments at an average deal value of $5.72m

Over $2.47bn of acquisition deals at an average deal value of
$112.2m

Over 130 deals tracked from public sources

All amounts are in USD

IPOs have been excluded

Internet DealBook
Sector Overview Australian Deals

Number of deals by sector

TransacYons = 51
So^ware & Services = 42
Media = 12
Hardware & Infrastructure = 8
Mobile & Apps = 7
Ecommerce = 6
MarkeYng = 6
Games = 3

Internet DealBook
Sector Overview Australian Deals
Sector 2016 total deal value ($m) 2015 total deal value ($m)

Hardware & Infrastructure 1,756.52 2.24

Software & Services 746.28 130.15

Transactions 225.24 1,009.77

Media 73.21 n/a

Ecommerce 37.27 18.55

Games 16.00 n/a

Marketing 11.58 51.74

Mobile & Apps 9.20 138.09

Total deal value 2,875.30 1,350.54

Average deal value 30.92 23.29

Internet DealBook
Sector Overview Australian Investments

Number of investments by sector

TransacYons = 38

So^ware & Services = 21

Mobile & Apps = 6

Media = 6

Ecommerce = 4

Hardware & Infrastructure = 3

MarkeYng = 1

Games = 1

Internet DealBook
Top 10 Companies Australian Investments

Company Sector Raised ($m)

Software & Services 31.00

Software & Services 30.00

Transactions 25.00

Media 25.00

Software & Services 22.87

Ecommerce 19.02

Transactions 16.40

Software & Services 12.14

Marketing 11.58

Transactions 10.97

Internet DealBook
Sector Overview Australian Acquisitions

Number of acquisiYons by sector

So^ware & Services = 21

TransacYons = 13
Media = 6
Hardware & Infrastructure = 5
MarkeYng = 5
Ecommerce = 2
Games = 2
Mobile & Apps = 1

Internet DealBook
Top 10 Companies Australian Acquisitions
Company Acquirer Sector Deal value ($m)

Hardware & Infrastructure 564.33

Hardware & Infrastructure 520.85

Hardware & Infrastructure 480.00

Software & Services 276.43

Hardware & Infrastructure 132.47

Software & Services 97.70

IRESS Software & Services 68.80

Transactions 50.18

Transactions 50.00

Software & Services 49.20

Internet DealBook
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Internet DealBook is published by Right Click Capital