2023上半年电子商务并购报告.pptx

For several consecutive quarters at the height of Covid, frenzied tech MA activity went hand in hand with frenzied IPO and fundraise activity. In the MA advisory space, this was translated into several “dual-track” processes, with many tech businesses opting to explore late -stage funding opportunities and resorting to an MA process depending on market response. In the latter half of 2022, transaction activity in the Digital Commerce sector dropped from the historically unprecedented highs of Q1 2022. Now, in 2023, deal activity appears to be picking up again: we saw a total 1,017 deals closed in the first half of 2023, with 491 deals in Q1 and 526 deals in Q2. This is a marked decrease on 2022 figures, but a huge increase on pre -pandemic figures, confirming our assumption that the digital commerce MA market would soon return to more normal deal-making. The MA market is slowly inching its way back up to more momentum in the space, possibly benefiting from the much slower revival of IPO and fundraise markets across tech and digital commerce in particular. Total number of Digital CommerceMA transactionsby quarter, 2017-2023 692 4,650 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 Share of active acquirers that made 1 acquisition in past 30 months Number of active acquirers in the past 30 months Will the Digital Commerce MA market be the first to recover? Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2021 2021 2021 2022 Covid high 1 | 10 Digital Commerce MA Overview 2H 2023 Source: 451 Database, SP CapitalIQ, Hampleton Research. summary MA Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 324 319 420 407 408 560 549 526 358 377 373 356 326 Three notable Digital Commerce acquisitions Tequila Works - Video game developer 1C Entertainment - producer and developer of vi