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Iberian Market April 2021 Montly Report

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IBERIAN MARKET MONTHLY REPORT APRIL 2021 SPAIN DEAL OF THE MONTH Cellnex Telecom closes acquisition of 60% of Play's telecommunications sites network in Poland PORTUGAL DEAL OF THE MONTH Sponsored by: Gigas closes acquisition of 100% of Oni In M&A success matters. See how Elite sport and M&A deals have one thing in common, crossing the finishing line, successfully. And, any advantage is a good one. In Datasite, you have all the tools you need to make your life a little easier and your deals move a lot faster! datasite.com I +34 91 745 5872 I Calle del Pinar 5, 28006, Madrid TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 PORTUGAL SPAIN TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 SPAIN TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 INDEX INDEX OVERVIEW EQUITY CAPITAL MARKETS *** (M&A*, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) ** · IPOs OVERVIEW · Total Transaction Volume and Aggregate Value · Follow-On · Transactions by Size · Leading Subsectors PRIVATE EQUITY · Cross-border deals LARGEST TRANSACTIONS OF THE MONTH · Mergers & Acquisitions · Private Equity VENTURE PRIVATE EQUITY ** CAPITAL · Venture Capital · Total Transaction Volume and Aggregate Value · Leading Firms and Subsectors ASSET DEAL OF THE MONTH ACQUISITION Cellnex Telecom closes acquisition of 60% of Play's VENTURE CAPITAL ** telecommunications sites network in Poland EQUITY CAPITAL · Total Transaction Volume and Aggregate Value MARKETS · Leading Firms and Subsectors TTR RADAR LARGEST TRANSACTIONS ASSET ACQUISITION · Forward-looking Intelligence: - Aggregated Intelligence · Total Transaction Volume and Aggregate Value - Proprietary Intelligence DEAL OF THE MONTH · Leading Subsectors RANKING YEAR TO DATE TTR RADAR · Financial Advisors · Legal Advisors RANKINGS * Includes acquisition / sales of assets. Does not include Joint Venture. · Dealmakers ** Includes announced and completed transactions in which at least one Spanish-based is involved. *** Includes transactions acted by Spanish companies in or abroad. TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE INDEX YEAR TO DATE DEAL FLOW SINCE 2020 50k OVERVIEW Total aggregate value (EURm): 40.706 190,17% Number of transactions: 738 3,80% 25k Completed: 633 (86%) 8.242,40 PRIVATE Disclosed value: 309 (42%) EQUITY Total value (EURm) 0k 3.340,82 500 Number of Transactions by Type VENTURE CAPITAL 317 258 250 189 203 200 213 204 211 170 153 87 121 108 210 ASSET ACQUISITION 0 Number of transactions 284 Jul 2020 Apr 2020May 2020Jun 2020 Aug 2020Sep 2020Oct 2020Nov 2020Dec 2020Jan 2021Feb 2021Mar 2021Apr 2021 EQUITY CAPITAL MARKETS LARGEST Last Four Years (Jan-Dec) Last Four Years (Jan-Dec) TRANSACTIONS 121.025 31% 107.762 10% 176 2020 2018 71 2.320 -13% 2.622 13% DEAL OF THE MONTH 92.644 -14% 97.609 24% 2019 2017 2.668 2% 2.323 15% M&A Private Equity TTR RADAR - Total: 284 | 31.268 EURm - Total: 71 | 3.961 EURm - Ongoing: 53 | 29.225 EURm - Ongoing: 19 | 3.456 EURm - Completed: 231 | 2.043 EURm - Completed: 52 | 505 EURm % All the percentages represent a variation relative to the same period the previous year. RANKINGS Venture Capital Asset Acquisition Total aggregate value (EURm) Number of transactions - Total: 176 | 2.226 EURm - Total: 210 | 3.251 EURm - Ongoing: 4 | 622 EURm - Ongoing: 29 | 539 EURm - Completed: 172 | 1.604 EURm - Completed: 181 | 2.713 EURm TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) TRANSACTIONS BY SIZE INDEX Number of transactions Total value 100 100 OVERVIEW 4,85% 4,66% 4,87% 4,04% 3,69% 3,20% 3,95% 3,62% 2,42% 4,40% 8,53% 9,55% 7,77% PRIVATE 11,80% 9,78% EQUITY 80 80 13,67% 15,81% 12,09% 14,60% 52,79% 14,08% 59,28% VENTURE 64,65% CAPITAL 71,98% 12,37% 73,13% 60 11,80% 10,80% 60 11,29% 15,36% ASSET ACQUISITION 40 40 EQUITY CAPITAL MARKETS 29,74% 56,52% 55,59% 56,52% 26,10% 52,76% 51,64% 24,89% LARGEST 20 20 TRANSACTIONS 17,84% 17,04% 6,13% 9,32% 4,29% 4,42% 5,05% DEAL OF 7,02% 6,71% THE MONTH 4,74% 4,64% 3,52% 0 0 2017 2018 2019 2020 Year To Date 2017 2018 2019 2020 Year To Date TTR RADAR > EUR 500m EUR 1m - EUR 10m RANKINGS EUR 100m - EUR 500m < EUR 1m EUR 50m - EUR 100m Condential Value / Not Disclosed EUR 10m - EUR 50m TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) LEADING SUBSECTORS * INDEX Subsectors with most deals (M&A) ** Change relative to the Number of transactions Year to date same period in 2020 OVERVIEW Real Estate 151 -11% Technology 145 7% PRIVATE EQUITY Financial and Insurance 55 2% Consultancy, Audit and Engineeri… 50 28% VENTURE CAPITAL Number of transactions this month Technology 32 ASSET ACQUISITION Real Estate 30 Consultancy, Audit and Engineeri… 17 Financial and Insurance 14 EQUITY CAPITAL MARKETS 2017 2018 2019 2020 LARGEST TRANSACTIONS Real Estate 619 Real Estate 750 Real Estate 670 Real Estate 497 DEAL OF Technology 287 Technology 327 Technology 393 Technology 423 THE MONTH Financial and Financial and Financial and 190 Healthcare, H… 192 193 164 Insurance Insurance Insurance TTR RADAR Consultancy, Internet 164 Internet 169 Audit and 149 Healthcare, H… 153 Engineering RANKINGS * TTR considers the most active subsectors to be those that had the highest number of registered transactions. Should there be a tie between subsectors, the subsector that registered the higher value will dominate. ** The transaction may appear in more than one subsector, given that the same entity may operate in multiple subsectors. % All the percentages represent a variation relative to the same period the previous year. TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) CROSS-BORDER DEALS * INDEX Number of transactions OVERVIEW 2017 2018 2019 2020 2021 - Year to date US-based acquirers of spanish companies 162 182 12,35% 189 3,85% 155 -17,99% 46 9,52% Foreign acquisitions in the technology and internet 105 119 13,33% 135 13,45% 151 11,85% 50 -1,96% PRIVATE subsector EQUITY Foreign Private Equity and Venture Capital Funds investing 113 120 6,19% 120 0,00% 102 -15,00% 36 38,46% in spanish companies VENTURE CAPITAL Since 2010 1.412 1.357 US-based companies are the most ASSET 1.237 ACQUISITION acquisitive in the spanish market. 1.193 Internet and technology companies have been the most attractive to foreign EQUITY CAPITAL investors by deal volume. MARKETS 762 708 672 675 LARGEST TRANSACTIONS Domestic Inbound acquisitions ** Outbound acquisitions *** 364 368 334 DEAL OF 307 THE MONTH Sale of foreign subsidiaries **** 270 212 215 212 Divestment - Foreign-owned stake ***** 170 170 116 95 109 97 101 TTR RADAR 28 47 2017 2018 2019 2020 2021 - Year to date RANKINGS * Any M&A transaction that involves a buyer, seller or target based outside of Spain. ** Foreign companies acquiring Spanish-based targets. Since December 2018 this analysis includes acquisitions made by local subsidiaries of foreign entities. *** Spanish-based companies acquiring targets abroad. Since December 2018 this analysis includes acquisitions made by foreign subsidiaries of Spanish-based entities. **** Spanish-based companies selling foreign subsidiaries. Since December 2018 this analysis includes sales made by foreign subsidiaries of Spanish-based entities. ***** Foreign companies selling interest in Spanish-based companies. Since December 2018 this analysis includes sales made by foreign subsidiaries of Spanish-based entities. % All the percentages represent a variation relative to the same period the previous year. TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) CROSS-BORDER DEALS * INDEX Year to date OVERVIEW OUTBOUND ACQUISITIONS INBOUND ACQUISITIONS No. Total value (EURm) No. Total value (EURm) PRIVATE Total 116 10.341,58 Total 212 25.978,06 EQUITY Ongoing 16 8.563,84 Ongoing 40 22.200,41 Completed 100 1.777,74 Completed 172 3.777,65 VENTURE CAPITAL Outbound acquisitions *** Inbound acquisitions ** Ranking per Country **** Ranking per Country **** ASSET ACQUISITION TARGET COUNTRY No. Total value (EURm) BIDDER COUNTRY No. Total value (EURm) United States 23 920,35 United States 46 10.917,39 Portugal 12 499,72 United Kingdom 42 4.044,12 EQUITY CAPITAL MARKETS France 11 5.371,91 France 36 6.497,66 United Kingdom 10 103,85 Germany 23 1.585,22 Italy 7 50,00 Italy 15 98,75 LARGEST TRANSACTIONS Colombia 7 20,65 Sweden 13 324,05 Germany 7 11,50 Netherlands 12 349,40 Mexico 6 557,48 Switzerland 11 22,49 DEAL OF THE MONTH Brazil 5 16,18 Luxembourg 9 5.001,18 Argentina 4 17,93 Canada 6 357,00 TTR RADAR * Any M&A transaction that involves a buyer, seller or target based outside of Spain. ** Foreign companies acquiring Spanish-based targets. Since December 2018 this analysis includes acquisitions made by local subsidiaries of foreign entities. *** Spanish-based companies acquiring targets abroad. Since December 2018 this analysis includes acquisitions made by foreign subsidiaries of Spanish-based entities. RANKINGS **** The same deal may appear under multiple subsectors and countries based on a companies operations and the number of parties involved in a given transaction. TTR - Transactional Track Record www.TTRecord.com Monthly Report - April 2021 OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) CROSS-BORDER DEALS * INDEX Year to date OVERVIEW OUTBOUND ACQUISITIONS INBOUND ACQUISITIONS No.
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