Issue 12 2019

Acquisition International - Issue 12 2019 49 Figures refer to: Aggregate deal value (m USD) Deal monthly value (Announced date) Number of deals Aggregate deal value (m USD) November 2019 133 3,935 October 2019 166 6,189 September 2019 204 5,196 August 2019 161 1,314 July 2019 141 6,148 June 2019 206 2,355 May 2019 219 3,374 April 2019 189 1,412 March 2019 226 20,238 February 2019 162 4,725 January 2019 163 3,389 December 2018 242 5,177 November 2018 176 4,117 October 2018 201 4,563 September 2018 169 2,806 August 2018 182 3,944 July 2018 188 8,318 June 2018 197 13,239 May 2018 189 9,740 April 2018 219 5,595 March 2018 201 5,390 February 2018 178 1,663 January 2018 172 4,906 December 2017 189 13,195 November 2017 165 3,610 World region (target) Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Far East and Central Asia 1,863 2,598 3,654 1,659 958 2,284 5,677 South and Central America 125 385 192 24 1,326 101 2,659 North America 17,166 8,774 5,051 20,694 3,023 4,142 971 Western Europe 8,624 1,584 3,477 2,828 1,182 3,549 556 Oceania 758 1,340 1,443 3,193 566 1,194 259 Middle East 0 55 0 140 57 0 2 Africa 4 277 20 249 25 166 0 Eastern Europe 34 55 14 97 3 12 0 Figures refer to: Number of deals Bureau van Dijk Volume fell to 1,114 deals in November, from 1,308 deals in October and 1,266 deals in November 2018, while value rose to USD 48,137 million, due to eight transactions each worth USD 1,000 million or more being announced in November. In Q4 2019 to date, with almost the entirety of December still to go, 2,422 deals worth USD 93,191 million have been announced, which, by value, is considerably lower than the USD 181,616 million-worth of deals recorded for Q4 2018. As 2018 was a banner year for the technology sector in terms of value, it is unlikely that 2019 will improve on that result unless a blockbuster transaction is announced in the next 25 days. Regardless, 2019 is set to have the second-largest value for any year on record in terms of technology M&A. This is partially due to five deals each worth more than USD 10,000 million, of which one accounted for the largest by value announced in November. The biggest deal of 2019 to date featured Salesforce. com Inc. completing the USD 15,700 million takeover of Tableau Software. Alibaba Group Holding completed its long- awaited secondary listing in Hong Kong in November and raised USD 11,242 million in the process. The Cayman Islands- incorporated ecommerce giant also accounted for the third-largest deal of the year to date as SoftBank, via West Raptor Holdings, sold a 3 per cent stake for USD 11,091 million. Alibaba’s USD 11,242 million share sale to gain admittance to the board in Hong Kong was almost three times the value of the second-biggest deal in November, which featured viagogo of Switzerland announcing the purchase of Stubhub for USD 4,005 million. This was followed by PayPal carrying out its largest-ever acquisition by taking over the startup Honey Science for USD 4,000 million. It is promising that despite the softening in the volume of transactions being announced, there is still significant appetite for high-value M&A deals going into the final quarter of 2019, which helps make the year one of the sector’s strongest on record. Technology Figures refer to: Aggregate deal value (m USD) Figures refer to: Aggregate deal value (m USD) Deal yearly value (Announced date) Number of deals Aggregate deal value (m USD) 2019 1,970 58,274 2018 2,314 69,457 2017 1,937 52,047 2016 1,763 33,547 2015 1,775 65,429 2014 1,661 46,686 2013 1,533 43,493 Deal half yearly value (Announced date) Number of deals Aggregate deal value (m USD) H2 2019 805 22,782 H1 2019 1,165 35,493 H2 2018 1,158 28,924 H1 2018 1,156 40,533 H2 2017 1,007 28,727 H1 2017 930 23,320 H2 2016 867 15,878 H1 2016 896 17,669 H2 2015 925 37,908 H1 2015 850 27,521 H2 2014 841 24,240 H1 2014 820 22,446 H2 2013 766 27,179 H1 2013 767 16,313 H2 2012 761 16,608 H1 2012 724 13,343 H2 2011 664 10,550 H1 2011 618 23,997 H2 2010 610 19,458 H1 2010 615 13,320 H2 2009 368 7,867 H1 2009 330 4,917 H2 2008 396 7,147 H1 2008 389 10,985 H2 2007 467 25,627 H1 2007 425 31,098