M&A Snapshot Q2 2016

Web: architectpartners.com | Email: jar@architectpartners.com

M&A SNAPSHOT
Q2 - 2016
2014

Total M&A Exits (a)

2016

2015

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

464

509

539

639

785

604

630

688

792

Core M&A exits up 20%

year-over-year.
Up 30% from Q1.

Core M&A Exits (b)

70

74

63

76

$18.5

Consideration
Exchanged

$13.8

$12.3

86

80

$20.0

$20.5

94

103
79

$22.1

$21.0

$14.8

$13.5

$billions (b)

Average Consideration
$206mm.
Down 11%Year-OverYear

Proportion Premium Value (c)

% of Total M&A Exits

4%

4%

4%

4%

3%

3%

3%

3%

2%

% of Core M&A Exits

17%

18%

29%

27%

20%

24%

19%

25%

18%

Source: Architect Partners LLC, Capital IQ, company filings and public information
a) M&A exits within Mobile | Internet | Digital Media sectors
b) Core M&A exits are defined as transactions with announced or estimated values between $25 million and $1 billion in consideration, as these typically represent successful businessbuilding endeavors
c) Premium value transactions are defined as greater than 5 times invested equity capital or 5 times estimated last twelve months revenue (LTM)

M&A BY SECTOR
Q2 - 2016

Commerce
9%

Media

Service Provider
12%

11%

Consumer
Application
12%

Security
2%
2%

Network
Infrastructure

2%

Analytics
Application

12%

Core Transactions by Sector

Hardware
10%

29%
Enterprise
Application

Digital
Marketing

Number of Deals
by Sector
SECTORS

$1,041

$7,531

Total sector M&A value in $mm

$1,041

$117

$421 $1,233

$1,535

$2,257

$2,533

Source: Architect Partners LLC, Capital IQ, company filings and public information

$3,318

Consumer Application
Enterprise Application
Analytics Application
Network Infrastructure
App Development
Security
Ecommerce
Digital Marketing
Media
Hardware
Service Provider
3

PREMIUM VALUE DEALS

Q2 - 2016

Premium Value is defined as greater than 5 times invested equity capital

or 5 times the estimated last 12 months revenue (LTM)

Target | Acquirer x LTM Revenue

Quwan Network Technology | Rastar Group
Beijing Hechuang Future Network | Huasu Holdings
Beijing Zhiyuan Network | Keda Group
Healthiest You | Teladoc Inc.
TeleEye Holdings | Foxconn (Far East) Ltd.
Textura Corporation | Oracle Corporation
IDscan Biometrics | GB Group plc
Shenzhen Inpor Cloud | Shenzhen Comix Group

65x

LTM revenue multiple of

the target at the time of
acquisition
LTM revenue multiple of
the acquirer at the time
of acquisition

12

16

20

24

28

32

36

40

Target | Acquirer x Invested Capital

Enablon SA | Wolters kluwer Law & Business Group
SintecMedia Ltd. | Francisco Partners
Futurestream Networks | KB No.7
Nexmo Inc. | Vonage Holdings
Crosswise Ltd. | Oracle Corporation
CSIdentity Corporation | Experian plc
eMarketer Inc. | Axel Springer SE
Daintree Networks | Current
Zentri Inc. | Buddy Platform Ltd.
Ticketbis S.L. | StubHub Inc.
Withings SAS | Nokia Corporation
0

2.5

7.5

10

12.5

15

17.5

20

22.5

25

Source: Architect Partners LLC, Capital IQ, company filings and public information

MOST ACTIVE
ACQUIRERS LTM
(In terms of number of Acquisitions)

1.

2.

3.

3/17 | $28.7B

1 / 13 | $3.2B

LinkedIn
Solair Srl
Wand Labs

Information Laboratory

6.

7.

4.
1 / 10 | $3.3B
CloudLock

8.

5.
3 / 7 | $1.8B

1 / 7 | $328mm

Crosswise
Opower
Textura

Synergyse Training

9.

10.

0 / 6 | $30mm

3 / 5 | $3.2B

1 / 5 | $175mm

0 / 5 | $500mm

None

Demandware
Implicit Insights Ltd
MetaMind Inc.

Yogitech

None

1 / 3 | $30mm
Two Big Ears

Number of new deals in Q2 / 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

CORE TRANSACTIONS
Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

Accel-KKR LLC

SciQuest, Inc.

489

Provides cloud-based business automation solutions for spend management. Based

in Morrisville, North Carolina.

adesso AG

Smarthouse Media GmbH

28

Provides online financial applications for banks, online brokers, media portals,
investment funds, and financial service providers. TBased in Karlsruhe, Germany.

Alarm.Com Holdings, Inc.

IControl Networks Canada, Inc.

140

Provides a software platform for service providers and home security companies
enabling them to oer connected home solutions to households worldwide. Based
in Redwood City, CA.

ARM Holdings plc

Apical Limited

350

Develops imaging and video processing technology for the manufacturers of

smartphones and other devices. Based in London, United Kingdom.

Axel Springer SE

eMarketer, Inc.

242

Publishes news, data and research related to digital marketing, media, and
commerce. Based in New York, New York.

Bankrate, Inc.

NextAdvisor, Inc.

76

Develops a source for comparing Internet services. It provides independent reviews

of consumer services. Based in Burlingame, California.

Bayou City Broadcasting

Lafayette, Inc.

Nexstar Broadcasting Group, Inc.,

KADN-TV and KLAF-LD Stations

40

Consists of 91 television stations across the U.S., most of whom are aliates with
the four "major" U.S. television networks located in small to medium-sized markets.
Based in Irving, Texas.

Beijing E-town International

Investment and Development
Co., Ltd

Integrated Memory Logic Limited

136

Designs, manufactures, and markets application specific analog, power

management, and mixed signal integrated circuits primarily for display, mobile
systems, and lighting markets. Based in San Jose, California.

Beijing Shengtong Printing

Co., Ltd

Beijing Lebolebo Special Education

Technology Co., Ltd.

66

Develops and operates an online robot education platform and manufactures

science-teaching toys and educational robot kits. Based in Beijing, China.

Black Knight Financial

Services, Inc.

eLynx, Ltd.

115

Provides on-demand Web-based services for secure, paperless document

collaboration and distribution for the financial industry. Based in Cincinnati, Ohio.

Blackboard Inc.

Higher One Holdings, Inc.

295

Provides technology-based payment processing and refund disbursement services

to higher education institutions and their students in the United States. Based in
New Haven, Connecticut.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Broadridge Financial
Solutions, Inc.

4Sight Financial Software

Limited

40

Provides software for the financial markets. Its products range includes
solutions for securities lending and repo, synthetic finance, collateral
management, and collateral optimization. Based in Edinburgh, United
Kingdom.

Broadridge Investor
Communications
Corporation

DST Systems Inc., North

American Customer
Communications Business

410

Provides customer communication services including print and digital

communication solutions, content management, postal optimization, and
fulfillment. Based in Kansas City, Missouri.

Buddy Platform Ltd.

Noveda Technologies, Inc.

30

Develops Web-based energy and water monitoring solutions for renewable

energy systems worldwide. Based in Branchburg, New Jersey.

Buddy Platform Ltd.

Zentri Inc.

26

IoT platform based in Los Gatos, California.

Cairo Communication SpA

RCS MediaGroup S.p.A.

954

Operates as a multimedia publishing company in Italy and internationally.

Based in Milan, Italy.

CEB Inc.

Evanta Inc.

275

Provides leadership development and collaborative exchange programs,

including a mobile social networking platform for top executives in North
America. Based in Portland, Oregon.

Cellnex Telecom, S.A.

Protelindo Netherlands B.V.

121

Operates mobile telecommunication services and towers. Based in

Amsterdam, the Netherlands.

China Distance Education

Holdings Limited

Xiamen Net-In-Net Software

Limited Company

33

Develops learning simulation software particularly providing accounting

solutions for China's college market. Based in Xiamen, China.

CLX Communications AB

mBlox, Inc.

117

Provides mobile business-to-consumer engagement solutions to businesses.

Based in Sunnyvale, California.

Com Hem Holding AB

Boxer TV-Access AB

191

Operates digital television and pay-TV services in Sweden. Based in

Stockholm, Sweden.

Current

Daintree Networks, Inc.

100

Develops open networked wireless products and software solutions for lighting and
control, monitoring, and optimization of commercial buildings and industrial
facilities. Based in Los Altos, California.

Cypress Semiconductor
Corporation

Broadcom Limited, Wireless

Internet of Things Business

550

Provides wireless Internet of Things Business and Related Assets comprises

Wi-Fi, Bluetooth, and Zigbee IoT product lines, and intellectual property,
Based in Singapore.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Dalian Zeus Entertainment

Co., Ltd.

XU Network Co. Ltd.

137

Develops and operates online chess games. Based in China.

e-Therapeutics plc.

Searchbolt Ltd.

148

Provides internet search engine technology. Based in United Kingdom

Electronics for Imaging, Inc.

OptiTex Ltd.

53

Provides 3D virtual prototyping, and 2D CAD/CAM pattern and fashion

design software solutions.Based in Petach-Tikva, Israel.

Elisa Oyj

Anvia Telecom Oy, Anvia IT Oy

Ab, Anvia Hosting Oy, Finnsat
Oy, and Watson Nordic Oy

119

Operates and constructs data centers. Anvia IT Oy Ab oers companies and

communities a comprehensive ICT service. Based in Finland.

Experian plc

CSIdentity Corporation

360

Provides enterprise level identity protection and fraud detection solutions

and technologies in the United States and internationally. Based in Austin,
Texas.

Fortinet Inc.

AccelOps, Inc.

32

Develops and provides integrated data center and cloud service monitoring
software solutions to enterprises and service providers. Based in Santa
Clara, California.

Foxconn (Far East) Ltd.

TeleEye Holdings Ltd.

30

Researches, develops, markets, and sells video surveillance systems and

solutions in Asia, Europe, Africa, the Americas, and Australia. Based in
Central, Hong Kong.

Francisco Partners
Management LLC

SintecMedia Ltd.

400

Engages in the design and implementation of management systems for the

broadcast, cable, and satellite industries. Based in Jerusalem, Israel.

FreeWheel Media, Inc.

StickyADStv SAS

100

Develops and provides programmatic video platform for publishers and

advertisers. Based in Paris, France.

Gaming Innovation Group

Inc.

Betit Holdings Ltd.

60

Operates Scandinavian-facing brands including Kaboo.com, SuperLenny.com

and Thrills.com (Gaming)

Gannett Co., Inc.

ReachLocal, Inc.

171

Provides a suite of online marketing and reporting solutions to small and

medium-sized businesses. Based in Woodland Hills, California.

GB Group plc

IDscan Biometrics Ltd.

61

Develops and provides IDscan, an automated document authentication

software for ID scanning, identity verification, and passport authentication in
the United Kingdom and internationally. Based in London, United Kingdom.

TARGET DESCRIPTION

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Global Eagle Entertainment

Inc.

Emerging Markets
Communications LLC

521

Provides land and satellite communications services. Based in Miramar,

Florida.

Graham Media Group, Inc.

Nexstar Broadcasting Group,

Inc., WCWJ and WSLS-TV
Stations

120

Nexstar Broadcasting Group, Inc., WCWJ and WSLS-TV Stations comprises

two television broadcasting stations.

Gray Television Group, Inc.

Media General, Inc., WBAY and

KWQC

270

WBAY and KWQC comprises television stations. Based in the United States.

Gray Television, Inc.

WDTV and WVFX in Clarksburg,

West Virginia

27

WDTV and WVFX in Clarksburg, West Virginia comprise two television

stations. Based in the United States.

Great Wall International

ACG Co., Ltd.

Xi'an Lingjing Science and

Technology Co., Ltd.

76

Engages in the research and development, production, sale, and system

integration of multimedia technology products, and broadcasting and TV
equipment. Based in China.

Great Wall International

ACG Co., Ltd.

Mini Shijie

30

Makes various games. Based in China

Guangdong Chaohua
Technology Co., Ltd

Shenzhen Bellsent Intelligent

System Co., Ltd.

191

Specializes in R&D and manufacture of intelligent surveillance system. Based

in China.

HLD Associs

Tessi SA

475

Provides document automation solutions for companies to manage

document-based, payment system, gold and currency transaction, and
promotional marketing processes in France. Based in Grenoble, France.

Huasu Holdings Co.,Ltd

Beijing Hechuang Future

Network Technology Co., Ltd.

218

Operates Ufenqi.com, a website which serves as an online platform that

provides information on mobile phones and their sales. Based in Beijing,
China.

Iflytek Co., Ltd.

Beijing Lezhixing Software Co.,

Ltd.

76

Designs and develops educational information software and online

education public cloud platforms which include digital campus, educational
cloud platform, and educational Internet of Things. Based in Beijing, China.

KB No.7 Special Purpose

Acquisition Company

FuturestreamNetworks Corp.

71

Povides advertising and marketing platform solutions for smart mobile

phones. Based in Seoul, South Korea.

Keda Group Co., Ltd.

Beijing Zhiyue Network

Technology Co., Ltd.

110

Oers news and information about automotive industry. Based in Beijing,

China.

TARGET DESCRIPTION

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Kewill plc

LeanLogistics, Inc.

115

Provides SaaS transportation management system (TMS) applications and

supply chain services. Based in Holland, Michigan.

Kingdee International
Software Group Co. Ltd.

Shanghai Guanyi Cloud

Computing Software Co., Ltd.

39

Provides e-commerce enterprise resource planning services. Based in China.

Maintel Holdings Plc

Azzurri Communications
Limited

69

Provides cloud and managed communications services. Its managed

communication services include voice and video communications, contact
center and data services. Based in Aldridge, United Kingdom.

Marginalen Bank
Bankaktiebolag

Sergel Kredittjnster AB

251

Provides payment solutions to companies and organizations in the Nordic

and Baltic markets. Based in Stockholm, Sweden.

Masmovil Ibercom, S.A.

Xfera Mviles, S.A.

689

Operates mobile networks. Based in Alcobendas, Spain.

Masmovil Ibercom, S.A.

Pepemobile S.L.

179

Provides mobile phone services. Based in Baleares, Spain.

MaxLinear, Inc.

Broadcom Corporation, Wireless

Backhaul Business

80

Provides a broad portfolio of state-of-the-art system-on-a-chip solutions.

Based in Irvine, CA.

Mediengruppe RTL
Deutschland GmbH

smartclip Holding AG

53

Develops online video marketing space to deliver multiscreen video

advertising formats from publishers and content owners on Internet-capable
devices. Based in Hamburg, Germany.

TARGET DESCRIPTION

MeetMe, Inc.

Skout, Inc.

55

Operates an online community to discover new friends at the local

neighborhood bar, at a concert, or on a bus tour. Based in San Francisco,
California.

Metaps Inc.

PAYDESIGN, INC.

26

Provides electronic payment processing services. Based in Tokyo, Japan.

MGT Cybersecurity, Inc.

Demonsaw, LLC

45

Develops a secure and anonymous information sharing application. Based in

the United States.

Micro Focus International

plc

Serena Software, Inc.

540

Provides orchestrated information technology (IT) solutions for the Global

2000 companies. Based in San Mateo, California.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

10

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Modacom Co., Ltd.

IMI Exchange

42

Operates as content and services company in the emerging massively

multiplayer online games (MMOG) market. Based in Boca Raton, Florida .

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

NavInfo Co., Ltd.

AutoChips Inc.

497

Engages in the research, design, and manufacture of automotive electronics

and semiconductors for OEM manufacturers and their suppliers in China and
internationally. Based in Hefei, China.

News Corp UK & Ireland

Limited

Wireless Group PLC

362

Operates as a media company that engages in the broadcasting and digital

media businesses primarily in the Great Britain and Ireland. Based in Belfast,
the United Kingdom.

NICE Systems Ltd.

inContact, Inc.

968

Provides cloud contact center software solutions, and network connectivity

services in the United States. Based in Salt Lake City, Utah.

NK Relations Co., Ltd.

UNIKE SOFTWARE RESEARCH

CO.,LTD.

49

Develops software solutions for pharmacies. Based in Tokyo, Japan.

Nokia Corporation

Withings SAS

192

Designs, develops, and industrializes connected objects. Based in Issy-lesMoulineaux, France.

NYX Gaming Group Limited

OpenBet Technologies Limited

385

Provides software solutions for the betting and online gaming industry in
the United Kingdom and internationally. Based in London, United Kingdom.

NYX Gaming Group Limited

Betdigital Limited

36

Dvelops and sells gaming products for the gaming markets in the United
Kingdom and internationally. Based in Abingdon, United Kingdom.

Open Text Corporation

HP Inc., Customer
Communications Management
and Other Assets

315

Provides customer communication management (CCM) software and assets.

Based in the United States.

Open Text Corporation

HP Inc., Certain Customer

Experience Software Assets

170

Develops software such as HP TeamSite, a multi-channel digital experience

management platform for web content management, HP MediaBin, a digital
asset management solution. Based in United States.

Oracle Corporation

Textura Corporation

681

Provides collaboration and productivity tools for the construction industry in

the United States and Canada. Based in Deerfield, Illinois.

Oracle Corporation

OPOWER, Inc.

552

Provides cloud-based software to the utility industry in the United States.

Based in Arlington, Virginia.

Oracle Corporation

Crosswise, Ltd.

50

Provides cross device data solutions for DSPs, retargeters, advertisement

networks, agencies, advertisers, publishers, and data owners. Based in Tel
Aviv, Israel.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

11

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

Pegasystems Inc.

OpenSpan, Inc.

52

Provides robotic automation and workforce intelligence solutions for the

enterprises in the United States and internationally. Based in Alpharetta,
Georgia.

PIRELLI & C. Societ per

Azioni; InvestIndustrial;
Mediobanca Banca di
Credito Finanziario

RCS MediaGroup S.p.A.

965

Operates as a multimedia publishing company in Italy and internationally.

Basedd in Milan, Italy.

Rambus Inc.

Semtech Corporation,
Snowbush IP

25

Provides serial interface Internet protocol platforms. Based in the United

States.

Rastar Group

Quwan Network Technolgoy

147

Provides value added service for mobile community platform, promotion of

mobile games, and mobile VOD. Based in China.

RetailMeNot, Inc.

GiftCardZen, Inc.

33

Operates GiftcardZen.com support center that enables users to buy and sell
gift cards from merchants. Based in Flagsta, Arizona.

Royal Bafokeng Holdings

(Pty) Limited; Liquid
Telecommunications
Operations SA (Pty) Ltd.

Neotel (Pty) Ltd.

430

Operates as a converged telecommunication network operator. Based in

Johannesburg, South Africa.

Scripps Media, Inc.

Cracked Entertainment, Inc.

39

Publishes a humor magazine. It also operates Cracked.com, a humor site

that features articles, such as movies and TV, music, celebrities, tech, sex,
sports, news, science, history, weird world, and video games. Based in New
York, New York.

Semiconductor
Manufacturing International
Corp.

LFoundry S.r.l.

55

Manufactures and markets analog, mixed-signal, and specialized

technologies to customers worldwide. Based in Avezzano, Italy.

SevenVentures GmbH

STYLIGHT GMBH

70

Develops and operates Website that provides search engine for online
fashion shops. Based in Munich, Germany.

Shanghai Golden Bridge

Infotech Co., Ltd.

AirMedia Group Inc.

376

Operates out-of-home advertising platforms primarily in the People's

Republic of China. Based in Beijing, China.

251

Specializes in communication technology, including a wide range of wireless

communication devices including the radio repeater, cell phone radio, digital
radio transceiver, vehicle radio transceiver, and the analog PMR radio
transceiver. Based in China.

Shanghai Lingang Holdings

Corporation Limited

Puxing Company and 85% stake

in Shaungchuang Company

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED
x

12

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

Shenzhen Comix Group Co.,

Ltd.

Shenzhen Inpor Cloud

Computing Co., Ltd.

86

Provides cloud hosting, computing, and storage services. Based in

Shenzhen, China.

Silver Lake; AltaOne Capital

Cegid Group SA

481

Engages in the development, hosting, distribution, and sale of business

management software, and related goods and services in France and
internationally. Based in Lyon, France.

Siris Capital Group, LLC

Xura, Inc.

807

Provides digital communications solutions for communication service

providers (CSPs), enterprises, and application providers worldwide. Based in
Wakefield, Massachusetts.

Starbreeze AB

505 Games Ltd, Payday

30

Operates a first-person shooter computer and video game franchise. Based

in Italy.

StubHub, Inc.

TICKETBIS S.L.

164

Owns and operates an online platform where users can buy and sell tickets
to events. Based in Bilbao, Spain.

Tech Mahindra Limited

Target Group Limited

164

Provides software and services for financial institutions to manage their

lending, investment, and insurance portfolios across the United Kingdom,
Australia, and New Zealand. Based in Cardi, United Kingdom.

Tech Semiconductors Co.,

Ltd.

Beijing Bian Chuntian

Entertainment Co., Ltd.

58

Operates in film and TV media industry. Based in Beijing, China.

Teladoc, Inc.

Healthiest You Corporation

156

Develops a mobile application that enables users to have access to

telehealth provider network of doctors for treatments and free
consultations. Based in Phoenix, Arizona.

TeliaSonera Finland Oyj

Anvia Telecom Oy

146

Oers fixed telephone, broadband, and cable television services. Based in

Vaasa, Finland.

Transtema Group AB

WinCore AB

27

Oers data storage and data security services. Based in Kungsbacka,

Sweden.

Trapeze ITS Luxembourg

SARL

Bond International Software plc

55

Provides software, hardware, and related support services primarily to the

recruitment industry worldwide. Based in Goring-by-Sea, the United
Kingdom.

TARGET DESCRIPTION

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

13

CORE TRANSACTIONS

(CONTINUED)

Q2 - 2016
BUYER

Premium Value M&A

TARGET

TRANSACTION
VALUE ($MM)

TARGET DESCRIPTION

Via Varejo S.A.

CNova Comrcio Eletrnico S.A.

506

Operates B2B e-commerce websites including Extra.com.br, Pontofrio.com,

and Casasbahia.com.br, for retail of electronics and household appliances.
Based in So Paulo, Brazil.

Vocus Communications
Limited

Nextgen Networks Group Pty.

Limited

521

Provides network connectivity. Based in Austrilia.

Vonage Holdings
Corporation

Nexmo Inc.

250

Develops cloud-based API solutions that enable applications and enterprises

to make phone calls or send and receive text messages. Based in San
Francisco, California.

Webjet Ltd.

Online Republic Limited

59

Provides online booking of cruises, rental cars, motorhomes, campers,

campervans, and RVs. Based in Auckland, New Zealand.

Wolters Kluwer Law &

Business Group

Enablon SA

364

Provides sustainability, operational risk management, and environmental,

health, and safety (EHS) software. Based in Courbevoie, France.

Wutong Holding Group Co.,

Ltd.

Guangzhou Tenmark Networks

Technology Ltd.

91

Provides third party online application acceleration and broadband

optimization services. Based in China.

YOUSU GmbH

Bigpoint GmbH

90

Develops online games. Bigpoint GmbH was formerly known as e-sport

GmbH and changed its name to Bigpoint GmbH in 2007. Based in Hamburg,
Germany.

Zhejiang Dragon Pipe

Manufacturing Co., Ltd.

Hangzhou Sooying Technology

209

Develops a mobile Internet video marketing platform. Based in Hangzhou,

China.

Zhejiang Dragon Pipe

Manufacturing Co., Ltd.

Beijng Muzhiwan Technology

Co., Ltd.

52

Develops and markets games for android users. Based in Beijing, China.

Zoopla Property Group Plc

The Property Software Group

108

Develops and supplies software and media solutions to the property

industry. Based in Luton, United Kingdom.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

AP M&A
ALERT

VC-BACKED

14

OTHER NOTABLE DEALS

Q2 - 2016

Premium Value M&A

BUYER

TARGET

TRANSACTION
VALUE ($MM)

BCE Inc.

Manitoba Telecom Services, Inc.

3,251

Provides telecommunication services to residential and business customers in

Manitoba, Canada. Based in Winnipeg, Canada.

Hillhouse Capital Management,

Ltd.; Sequoia Capital China;

Autohome Inc.

3,570

Operates as an online destination for automobile consumers in the Peoples

Republic of China. Based in Beijing, the Peoples Republic of China.

TARGET DESCRIPTION

AP M&A
ALERT

VC-BACKED

Legend Capital; PAG Asia

Capital; Apex Technology Co.,
Ltd.

Lexmark International Inc.

3,807

Operates as a developer, manufacturer, and supplier of printing, imaging, device

management, managed print services (MPS), document workflow, and business
process and content management solutions worldwide. Based in Lexington,
Kentucky.

Lions Gate Entertainment

Corp.

Starz

4,158

Operates through Starz Networks and Starz Distribution segments. Based in

Englewood, Colorado.

Microsoft Corporation

LinkedIn Corporation

27,565

Operates an online professional network worldwide. Based in Mountain View,

California.

NBCUniversal Media, LLC

DreamWorks Animation SKG Inc.

4,370

Develops, produces, and exploits animated films and their associated characters
worldwide. Based in Glendale, California.

Ocean Imagination L.P.

Qunar Cayman Islands Limited

4,498

Operates an online travel commerce platform in the Peoples Republic of China.

Salesforce

Demandware

2,858

Provides enterprise-class cloud commerce solutions in the United States, Germany,

the United Kingdom, and internationally. Based in Burlington, Massachusetts.

Symantec Corporation

Blue Coat, Inc.

4,859

Provides Web security solutions for enterprises and governments worldwide. Based
in Sunnyvale, California.

Tencent Holdings Limited

Supercell Oy

8,600

Develops mobile games for tablets and smartphones. Based in Helsinki, Finland. As
of August 26, 2014, Supercell Oy operates as a subsidiary of SoftBank Corp.

Vista Equity Partners

Marketo

1,795

Provides cloud-based engagement marketing software platform that enables

organizations to engage in engagement marketing in the United States, Ireland,
Australia, Israel, Japan, and the United Kingdom. Based in San Mateo, California.

Wanda Cinema Line Co., Ltd.

Wanda Media Co.,Ltd.

5,710

Produces and distributes films and television programs. Based in Beijing, China.

Mobile | Internet | Digital Media M&A transactions with announced or estimated consideration between $25 million and $1 billion.

15

Web: architectpartners.com | Email: info@architectpartners.com

MOST ACTIVE
ACQUIRERS LTM
(In terms of number of Acquisitions)

1.

3.

2.

4.

5.

3/17 | $28.7B

3 / 7 | $1.8B

3 / 5 | $3.2B

1 / 13 | $3.2B

LinkedIn
Solair Srl
Wand Labs

Crosswise
Opower
Textura

Demandware
Implicit Insights Ltd
MetaMind Inc.

Information Laboratory

6.

7.

8.

9.

1 / 10 | $3.3B
CloudLock

10.

1 / 7 | $328mm

1 / 5 | $175mm

1 / 3 | $30mm

1 / 2 | undisclosed

1 / 1 | undisclosed

Synergyse Training

Yogitech

Two Big Ears

Magic Pony Technology

Livefyre Inc.

Number of new deals in Q2 / 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