First Quarter 2013 Report

Executive Summary
Overview USD9.6bn of deals tracked in Q1 2013, down -55% from USD21.5bn in Q1 2012 910 deals tracked from public sources in Q1 2013, down from 925 in Q1 2012 All regions except North America have experienced a reduction in terms of number of deals Average deal value for investments has increased slightly to USD10.9m in Q1 2013, up 29.8% from USD8.4m in Q1 2012 Average deal value for acquisitions has fallen significantly to USD124.5m in Q1 2013, down 62.7% from USD333.6m in Q1 2012 Deals by region: The Asia/Pacific leads all regions with an average deal value of USD22.8m. Europe comes second at USD16.6m North America still accounted for the vast bulk of deals tracked, recording USD7.2bn, or 75% out of the USD9.6bn recorded for all regions Average deal values have fallen in all regions except for the Asia/Pacific, which increased by 34.1% compared to Q1 2012 The number of deals have fallen in all regions except for North America, which increased by 8.5% compared to Q1 2012 Asia/Pacific leads average deal values for investments at USD24.1m. North America leads average deal values for acquisitions at USD166.4m Deals by sector: The average deal values have fallen in all sectors except in Media and Ecommerce which have recorded an increase in the average deal value by 14.1% and 17.4% respectively compared to Q1 2012 Media, Software and Services and Transactions are the only sectors to record an increase in the number of deals The number of investments have increased in all sectors except Hardware and Infrastructure, Mobile & Apps and Ecommerce Average deal value for acquisitions have fallen across all sectors except for the Transactions sector which recorded a 900% increase

Key Statistics Description Number of deals Deals disclosed Total deal value Average deal value Total investment value Total acquisition value Q1 2012
925 581 $21,458,932,264 $36,934,479 $4,446,945,264 $17,011,987,000

Q1 2013
910 639 $9,555,825,700 $14,954,344 $6,692,948,700 $2,862,877,000

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Deal value growth by sector Q1 2012 - Q1 2013

60% 40% 20% 0% -20% -40% -60% -80% -100%
Games

41% 15% 1% 19%

-16% -47%

-89%

Hardware & Infrastructure

-88%

Mobile & Apps

Marketing

Software & Ecommerce Transactions Services

Media

Deal value growth by region Q1 2012 - Q1 2013

60% 40% 20% 0% -20% -40% -60% -80% -100% -81% -50% -48% 51%

Europe

North America

Rest of World

Asia/Pac

Deal number growth by sector Q1 2012 - Q1 2013

50% 40% 30% 20% 10% 0% -10% -20% -30% -40% 42%

3% -1% -21%
Hardware & Infrastructure

8%

-20%
Marketing

-20%
Ecommerce Mobile & Apps Media Software & Transactions Services

-32%

Games

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Deal number growth by region Q1 2012 - Q1 2013

10% 5% 0% -5% -10% -15% -20% -25% -30% -35% -29% Europe Rest of Rest of Worls world Asia/Pac North America -24% -12% 8%

Average deal value by sector Q1 2012 - Q1 2013

Millions $350 $300 $250 $200 $150 $100 $50 $0
Games Mobile & Apps Transactions Media Software & Services Marketing Ecommerce Hardware & Infrastructure

$314

$47 $5 $9 $5 $8 $6 $10 $11 $18 $15 $17 $14

$53 $22 $26

2011

2012

Average deal value by region Q1 2012 - Q1 2013

Millions 70 60 50 40 30 20 10 0 Rest of World North America 2012 Europe 2013 Asia/Pac $17 $7 $14 $17 $17 $33 $23 $64

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1000% 800% 600% 400% 200% 0% -200% -53% -95%

Games

Average deal value growth by sector Q1 2012 - Q1 2013

900%

-70%

68%

103%

32% -22% -70% -18% -70% -27%

Software & Services

-92%
Marketing

-90%
Media

-87%
Ecommerce

-32%
Transactions

Hardware & Mobile & Apps Infrastructure

Investments

Acquisitions

200% 150% 100% 50% 0% -50% -100% 37%

Average deal value growth by region Q1 2012 - Q1 2013

160%

35%

15%

-81% Europe

-79% Asia/Pac Investments

-60% Rest of World Acquisitions

-45% North America

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