Sector focus

We have a high level of expertise and a robust network in our focus sectors. We understand our clients’ needs and goals from our own experience as M&A managers at large corporations which do regular M&A deals and entrepreneurs with personal exit experience.

We form international sector teams to work on cross-border transactions and regularly discuss market and M&A trends in meetings and teleconferences. On this page we have provided you with an overview of our management, issues and transactions in our focus sectors.

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M&A trends & market analysis

During the Perth 2017 Globalscope conference, the network’s global Technology, Media & Telecoms (TMT) sector team met to discuss recent transactions and the evolving underlying structural drivers of the global sector M&A landscape.

A key theme is the establishment of venture capital arms by larger firms in order to nurture novel technologies. More details can be obtained from team members or regional heads – see contact details below.


Notable recent transactions

Amazon Acquires Online Retailer Souq.com

Amazon has sought to strengthen its e-commerce footprint with expansion into the Middle Eastern market through the acquisition of Souq.com for $580m in cash. The deal gives Amazon a strong footing in a relatively untapped market.

HPE Acquires Hyper-Converged Player Nimble

HPE has agreed to acquire flash-optimised storage vendor Nimble Storage for circa $1bn in cash. Nimble had never turned a profit since its inception in 2008 and the price tag reflects the value to HPE of broadening their flash portfolio.

Eventbrite Profits from Pandora Misfire

Eventbrite has acquired leading ticketing platform Ticketfly from Pandora for $200m. This deal comes only 2 years after Pandora acquired Ticketfly for $450m, in a deal that was hailed as a landmark transaction linking music streaming data with ticket sales.

Lower-mid market observations

Rejuvenated Funding Market for Deep Tech

Investments in IP-based technology companies have significantly increased in volume, across traditional sectors such as semiconductors (e.g. Graphcore, Kalray, UltraSoC), as well as more visionary areas such as flying cars (e.g. Lilium), microsatellites (e.g. ICEYE) and simulated worlds (e.g. Improbable). This environment seems likely to produce significant M&A targets in the near future, that would be expected to command high strategic prices.

Corporates Seek to Raise Visibility Over Targets

It is becoming increasingly common for trade buyers to establish venture capital arms, as a means of enhancing their visibility and understanding of the innovation taking place in their operating markets, as well as to deepen their pipeline of M&A targets. A nominal co-investment can often prove a cheap way of obtaining optionality over whether to acquire a potential target.

Sector themes

PE Buyers are Setting the Tone in the Market

Between direct and bolt-on acquisitions, private equity buyers are forecast to purchase c. 900 technology companies in 2017. Private equity remains a favoured asset class for institutional investors and the recycling of distributions from successful exits into new capital has led to a fundraising surge, generating substantial dry powder.

Cloud Transformation Fuels Activity in Software

As the enterprise market continues to slowly transition to the cloud, the requirement to support hybrid IT environments will drive M&A activity as larger players seek to broaden and deepen their product/service portfolios.

Chinese Buyers Continue to Make Presence Felt

As part of the country’s One Belt, One Road initiative, China continues to support and modernise its traditional manufacturing industries through the acquisition of Western technology companies. This aggressive strategy has seen several deals fall foul of national regulators, such as the decision to block the €780m sale of German chip equipment maker Aixtron to a consortium of Chinese investors.


References

D+S

Software & Technology

2018

Details

IK Investment

Software & Technology

2018

Details

DTAD_DuMont

Internet & Media

2018

Details

EgoSecure

Internet & Media

2018

Details

Vertikom2

Services

2018

Details

Sabio

Software & Technology

2018

Details

iQuest

Software & Technology

2018

Details

Securepoint

Software & Technology

2018

Details

Active24

Internet & Media Software & Technology

2017

Details

IconPeak

Software & Technology

2017

Details

intive

Software & Technology

2017

Details

Genui

Software & Technology

2017

Details

Webfactory

Software & Technology

2017

Details

Auvesy

Software & Technology

2017

Details

H.I.G. Capital

Internet & Media Software & Technology

2017

Details

Koncar D&ST

Energy, Resources & Renewables

2017

Details

Marlin Talkwalker

Software & Technology

2017

Details

Talkwalker

Internet & Media

2017

Details

StarTec

Internet & Media Software & Technology

2017

Details

eFulfilment

Internet & Media Software & Technology

2017

Details

Blackbay

Internet & Media

2017

Details

Useeds°

Services

2016

Details

Midoco GmbH

Software & Technology

2016

Details

Bovenstein BV has sold LEDLampendirect and Rexx Trading.

Internet & Media

2016

Details

Lumo Graphics

Internet & Media Software & Technology

2016

Details

HomeAdvisor acquires MyHammer

Internet & Media Services

2016

Details

Medienwerft GmbH

Internet & Media Services Software & Technology

2016

Details

MHP Solution Group

Software & Technology

2016

Details

Deutsche Beteiligungs AG

Internet & Media Services Software & Technology

2016

Details

clever-tanken.de

Industrial & Automotive Internet & Media Software & Technology

2016

Details

GENEVA-ID

Software & Technology

2016

Details

Airpas Aviation

Services

2016

Details

Hy-Line

Internet & Media Services

2016

Details

Lydia AS

Internet & Media Services Software & Technology

2016

Details

Wassermann AG

Services Software & Technology

2016

Details

Kontomierz

Internet & Media Software & Technology

2015

Details

XING AG

Internet & Media Software & Technology

2015

Details

movento GmbH and movento Schweiz AG

Software & Technology

2015

Details

c4c Engineering GmbH

Industrial & Automotive Services Software & Technology

2015

Details

Fits.me

Internet & Media Software & Technology

2015

Details

Grünspar

Software & Technology

2015

Details

Booksy

Software & Technology

2015

Details

AZUBIYO

Internet & Media Software & Technology

2015

Details

adQuota

Internet & Media

2015

Details

INTENIUM GmbH

Internet & Media Software & Technology

2014

Details

ImmoSolve GmbH

Internet & Media Software & Technology

2014

Details

veeseo GmbH

Internet & Media

2014

Details

Travel Viva AG

Internet & Media

2014

Details

legodo AG

Software & Technology

2014

Details

finocom AG

Software & Technology

2013

Details

Bytro Labs

Internet & Media

2013

Details

Hydroflex Technologies GmbH (BUFO)

Industrial & Automotive

2004

Details

Fokus

E-Commerce

Classifieds & Listing

Mobile

Online Business Services

Gaming

FinTech

IT-Security

Cloud/SaaS


Sektor Kontakte

Mark Miller

Mark Miller

CatCap

E-Mail Kontakt
Michael Moritz

Michael Moritz

CatCap

E-Mail Kontakt
Paddy MccGwire

Paddy MccGwire

Silverpeak

Ihre CatCap-Sektor Kontakte sind Mark Miller und Michael Moritz:

mark.miller@catcap.de

michael.moritz@catcap.de