全球科技行业并购报告.pdf

Issue 31 January-March 2016 final look Global technology MA report Digital disruption, slow organic growth drive tech deals 02 03 11 12 18 22 23 Highlights Volume rises, Look ahead Regional snapshots Additional charts Methodology Source notes value declines Highlights Equity market turmoil and debt getting • 1Q16 aggregate value of $66.7 billion* fell 65% from 4Q15’s post-dotcom-bubble record, harder to obtain appeared to have minimal and 14% year-over-year (YOY). However, it still ranks as the ninth-highest tech MA impact on global technology MA in 1Q16. quarter ever by value. While aggregate value declined YOY and • Quarterly volume rebounded to 1,002 deals, up 8% sequentially and 2% YOY. It is the third from 4Q15’s all-time record, increasing of the past four quarters to top 1,000 deals. volume suggests an active year ahead. Accelerating digital disruption, combined with • Connected car deal volume rose; 1Q16 is the category’s debut in Figure 1, below. Deals in decelerating organic growth, drove ongoing big data analytics and payments and financial services were big contributors to 1Q16 MA strength as some companies sought value, along with health care IT (HIT). Cloud/SaaS deals had high volume. strategic technology deals and others sought • Cross-border (CB) aggregate deal value fell to $22.2 billion, down 19% from 4Q15 and inorganic growth. 31% YOY. n Deal drivers Figure 1: A directional view of select 1Q16 deal-drivi