Wednesday, October 03, 2012
Q3 2012 KEY HIGHLIGHTS
The most active acquirer in the Online and Mobile Industry through Q3 2012 was WPP Group, plc with 16 transactions. Five of these occurred within Q3 2012.
There were 173 financially sponsored transactions in the 1st 3 Quarters of 2012, with an aggregate value of $10.1 billion, representing 12 percent of the total volume and 20 percent of the total value, respectively.
Q3 2012 KEY TRENDS
Total transaction volume in Q3 2012 decreased by 12 percent over Q2 2012, from 516 to 454.
Total transaction value in Q3 2012 fell by 33 percent over Q2 2012, from $22.4 billion to $15.0 billion.
MULTIPLES & VALUE TRENDS
The median revenue multiple in Q3 2012 increased by 27 percent over Q2 2012, from 1.5x to 1.9x.
The median EBITDA multiple in Q3 2012 rose by 25 percent over Q2 2012, from 7.5x to 9.4x.
The segment with the largest median revenue multiple through Q3 2012 was SaaS/ASP at 3.4x.
TOP TEN DEALS THROUGH Q3 2012
The top ten deals by value have seen three new additions since our half year report: Dex One Corporation's announced acquisition of SuperMedia Inc., One Equity Partners' acquisition of M*Modal, and Syniverse Technologies, Inc.'s announced acquisition of MACH S.à.r.l.
These three transactions, with an aggregate value of $3.2 billion, represented six percent of transaction value in the 1st 3 Quarters of 2012 and 21 percent of Q3 2012 transaction value.