First Quarter 2017 Report

Executive Summary - Global

Overview
USD64.1bn of deals tracked in Q1 2017, a 211.2% increase from USD20.6bn in Q1 2016
2,098 deals tracked from public sources in Q1 2017, an increase from 1,013 in Q1 2016
Average deal value for investments increased to USD45.2m in Q1 2017, from USD20.0m in Q1 2016
Average deal value for acquisitions increased to USD283.1m in Q1 2017, from USD229.9m in Q1 2016

Deals by region

Asia/Pacific leads all regions with an average deal value of USD184.8m. North America comes second at USD45.8m
Average deal values have increased largely in Asia/Pacific (520.3%). Average deal values also increased in regions of
Middle East (95.7%), South America (59.0%), North America (38.9%), and Europe (26.1%). However, Rest of World has
decreased (29.0%)
Asia/Pacific leads the world in average deal values for investments at USD185.4m
North America leads the world in average deal values for acquisitions at USD398.7m

Deals by sector

The number of deals increased in all sectors. Hardware & Infrastructure had the most increase at 191.4%
Total deal values increased significantly in the Hardware& Infrastructure (3840.8%) and Media (708.7%) sectors. Total
deal values also increased in Software & Services (154.6%), Transactions (79.2%), Marketing (19.5%), and Mobile &
Applications (15.8%) sectors. Conversely, total deal values decreased in Games (34.3%) and Ecommerce (17.6%) sectors
Average deal values for acquisitions increased significantly in Transactions (414.9%) and Media (261.2%) sectors.
Software & Services (36.2%) also increased. All other sectors saw a decline in average deal values for acquisitions

Key statistics

Description Q1 2016 Q1 2017

Number of deals 1,013 2,098

Deals disclosed 736 1,044

Total deal value $20,591,275,907 $64,088,828,814

Average deal value $27,977,277 $61,387,767

Total investment value $14,154,387,807 $43,990,907,095

Total acquisition value $6,436,888,100 $20,097,921,719

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Deal value growth by sector Q1 2016 - Q1 2017

4500%

4000% 3841%

3500%

3000%

2500%

2000%

1500%

1000% 709%
500% 155%
12% 20% 79%
0%
-34% -18%
-500%
Games Ecommerce Mobile & Marketing Transactions Software & Media Hardware &
Apps Services Infrastructure

Deal value growth by region Q1 2016 - Q1 2017

1000% 930%
900%

800%

700%

600%

500%

400%

300%

200% 141%
73% 82%
100%

0%
North America Rest of World Europe Asia/Pac






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Deal number growth by sector Q1 2016 - Q1 2017

250%

200% 191%

160%
151%
150%

100% 84%
79%
58%
45% 50%
50%

0%
Mobile & Ecommerce Media Marketing Transactions Software & Games Hardware &
Apps Services Infrastructure

Deal number growth by region Q1 2016 - Q1 2017

250%

211%
200%

150%

95%
100%
82%
75%

50%

0%
Rest of World North America Asia/Pac Europe

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Average deal value by sector Q1 2016 - Q1 2017

$400 $376

$350

$300

$250
Millions

$200
$141
$150
$105
$100
$39 $34 $40 $48
$50 $20 $22 $30 $23 $24 $31 $29 $18
$14
$0
Marketing Ecommerce Transactions Mobile & Apps Games Software & Media Hardware &
Services Infrastructure

2016 2017

Average deal value by region Q1 2016 - Q1 2017

$200 $185
$180
$160
$140
Millions

$120
$100
$80
$60 $46
$40 $29 $33 $30
$14 $18 $17
$20
$0
Europe Rest of World North America Asia/Pac

2016 2017






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Average deal value growth by sector Q1 2016 - Q1 2017

3500%

2988%
3000%

2500%

2000%

1500%

1000%
724%

500% 415%
261%

25% 30% 0% 36% 4%

0%
-15% -55% -55% -12%
-86% -73% -87%

-500%
Mobile & Apps Ecommerce Marketing Hardware & Games Software & Media Transactions
Infrastructure Services

Investments Acquisitions

Average deal value growth by region Q1 2016 - Q1 2017

1400%
1167%
1200%

1000%

800%

600% 505%

400%
213%
200%
3% 30% 10%
0%
-10% -35%
-200%
North America Europe Rest of World Asia/Pac

Investments Acquisitions


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Executive Summary - Australia1

Overview
USD186.1m of deals tracked in Q1 2017, 6% decrease from USD198.2m in Q1 2016
51 deals tracked from public sources in Q1 2017, an increase from 45 in Q1 2016
Average deal value for investments increased to USD5.2m in Q1 2017 from USD3.3m Q1 2016
Average deal value for acquisitions decreased to USD9.0m in Q1 2017, from USD9.5m in Q1 2016

Deals by sector

Number of deals increased in Marketing (200.0%), Software & Services (62.5%), and Mobile & Apps (25.0%)
Total deal values increased for Mobile & Apps (98.3%), Transactions (68.9%) and Software & Services (11.5%). Conversely,
total deal value decreased in Marketing (84.8%) and Hardware & Infrastructure (76.4%)

Key statistics

Description Q1 2017 Q1 2016

Number of deals 51 45

Deals disclosed 30 32

Total deal value $186,118,905 $198,190,676

Average deal value $6,203,964 $6,193,459

Total investment value $114,057,550 $55,674,386

Total acquisition value $72,061,355 $142,516,290

1
Excludes the acquisition of Xtralis on 4 February 2016 at USD480.0m

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Deals by sector in Australia

Sector Q1 2017 total deal value ($m) Q1 2016 total deal value ($m)

Software & Services 92.1 82.6

Transactions 68.9 40.8

Hardware & Infrastructure 12.3 52.1

Mobile & Apps 11.9 6.0

Marketing 1.0 6.6

Media 0.0 8.4

Ecommerce 0.0 1.7

Games 0.0 0.0

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Top ten investments in Australia Q1 2017

Company Sector Raised ($m)

Deputechnologies Software & Services 25.0

Prospa Transactions 19.0

ROKT Software & Services 15.0

GreenSync Software & Services 8.7

Shopper Media Group Hardware & Infrastructure 7.7

Liven Mobile & Apps $.6

ChronoBank Transactions 5.4

Nuraphone Hardware & Infrastructure 4.6

Local Measure Software & Services 3.4

CIM Enviro Software & Services 3.0

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Top five acquisitions in Australia Q1 2017

Vendor Acquirier Sector Transaction value ($m)

Paycorp MYOB Transactions 37.0

Outware Systems Melbourne IT Software & Services 20.7

Hostworks Inabox Group Software & Services 5.4

OCTFOLIO HRL Holdings Software & Services 2.7

NGage Technology Group Cirrus Networks Holdings Software & Services 2.7

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tracking and collating deals.
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