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August 2015 M&A and Investment Summary 245245 232232 184184 BlueBlue 0 0 7979 133133 122122 141141 181181 178178 186186 213213 211211 216216 233233 234234 235235 245245 OrangeOrange 241241 184184 0 0 August 2015 M&A and Investment Summary 245245 232232 184184 GreyGrey 138138 138138 138138 203203 203203 203203 221221 221221 Expertise. Commitment. Results. 221221 Table of Contents Blue 0 79 133 122 141 181 178 186 213 1 About Petsky Prunier 3 211 216 233 2 Overview of Monthly M&A and Investment Activity 6 234 235 245 Orange 3 Monthly M&A and Investment Activity by Industry Segment 12 241 184 0 4 Additional Monthly M&A and Investment Activity Data 42 245 232 184 Grey 138 138 138 203 203 203 221 221 221 Securities offered through Petsky Prunier Securities, LLC, member of FINRA. This M&A and Investment Summary has been prepared by and is being distributed in the United States by Petsky Prunier, a broker dealer registered with the U.S. SEC and a member of FINRA. Petsky Prunier is not affiliated with Altium Capital Ltd, but has partnered with Altium to expand its international presence. Altium has not prepared or verified the information in this Summary. Persons in the United States should contact Petsky Prunier for further information or services. This M&A and Investment Summary is not being distributed by Altium Capital Ltd in the United States and Altium Capital Ltd is not offering any services to persons in the United States. 2 | M&A and Investment Summary August 2015 Ranked #1 by Bloomberg for Mid-Market Internet & Advertising Transactions Blue 0 79 133 2014 Internet & Advertising 2011-2014 Internet & Advertising Rank Advisor 122 141 Deal Count Deal Count 181 1 Petsky Prunier 21 65 178 186 213 2 Goldman Sachs 17 50 211 216 233 3 Morgan Stanley 15 43 234 235 4 JP Morgan 14 31 245 Orange 5 Nomura Holdings 12 39 241 184 5 Ernst & Young 12 24 0 245 7 China Renaissance Partners 11 36 232 184 7 PwC 11 34 Grey 138 7 Deloitte 11 18 138 138 7 AGC Partners 11 30 203 203 203 11 GCA Savvian 10 41 221 221 221 Based on number of deals announced in 2011 – 2014 valued at $500 million or less. Internet and Advertising is defined by Bloomberg. With 30 total transactions closed in 2014, and more than 90 transactions closed since 2011 (across all industries in addition to Internet and Advertising), Petsky Prunier is one of the most active M&A practices within the marketing and advertising, ecommerce, and media industries and has significant momentum . 19 transactions completed in 2015 through August and multiple others under LOI . Two-thirds of transactions since 2011 were with strategic buyers; One-third with financial buyers 3 | M&A and Investment Summary August 2015 Petsky Prunier: Maximizing Shareholder Value Blue 0 79 133 . Top-ranked, global investment bank dedicated to digital advertising and marketing, eCommerce, digital media, technology, information, 122 141 business services, and healthcare services industries 181 . Extensive sell-side M&A and capital raise expertise, with a transaction closing rate unmatched at our level of deal volume 178 186 213 . Founded in 1999 211 216 . More than 50 focused professionals; growth of 40% since 2011 233 234 . New York, Palo Alto, Las Vegas, Chicago, Boston, Tampa 235 245 . Deep relationships across a broad spectrum of strategic buyers, as well as private equity, growth equity, and VC groups and lenders Orange 241 . Strategic consulting firm Winterberry Group – one of the largest industry-specific advisors providing strategic and transactional services 184 0 . Global reach enhanced through our partnerships with investment bank Altium, which operates from nine offices across Europe, as well 245 232 as Allegro Advisors in three offices in India, and The Mountain Capital Group in China 184 . Securities transactions are processed through Petsky Prunier Securities LLC, a member of FINRA and an affiliated entity Grey 138 138 138 203 203 203 221 221 . M&A Advisory and Sell-Side Representation . Advertising & Marketing . Business Current Situation Assessment and 221 . Privately-Owned Companies . eCommerce Profit Improvement Planning . Entrepreneur-Led Businesses . Digital Media . Opportunity Mapping: Strategic Planning & Development . Private Equity Portfolio Companies . Technology . Competitive Landscape Analysis . VC-Backed Companies . Information . M&A Transaction Due Diligence Support . Corporate Divestitures . Business Services . Buy-Side Targeting Criteria & Integration Strategy . Selected Buy-Side Engagements . Healthcare Services . Custom Market Research . Capital Raising and Private Placements . Publishing, Speaking, and Thought Leadership 4 | M&A and Investment Summary August 2015 Representative Recent Transactions Blue 0 79 133 122 has sold 141 a leading content-driven, strategic the leading eCommerce media network digital agency in the U.S. the dominant, pure-play eCommerce the leader in strategic launch solutions 181 a leading next-generation digital strategy a fast-growing, direct-to-consumer a leading provider of software-based retailer of envelopes and related products for orphan and rare disease the most innovative digital strategy, has been sold to and management consulting organization wine eCommerce company social media brand advocacy solutions user experience, and software has been sold to pharmaceutical drugs has received a significant development firm 178 has been sold to has been sold to has been sold to investment from has been sold to to Aperion Management 186 a portfolio company of and 213 (NYSE: ACN) (NYSE EVDY) 211 216 233 234 $120,000,000 235 $74,000,000* 245 a leading supplier of data on healthcare a portfolio company of has sold professionals and administrator of one a global leader in quantitative data a leading data-driven patient a leading provider of data-driven, of the largest practitioner-level medical the leader in data-driven Orange a big data marketing analytics and database collection and reporting software systems identification and engagement platform has been sold to advocacy campaigns technology and solutions company full-funnel B2B marketing solutions claims databases in the U.S. that provides its members access to has been sold to to healthcare education, patient savings, has been sold to has been sold to 241 has acquired has been sold to and other valuable programs 184 to a division of has been sold to 0 a portfolio company of (NYSE: OMC) (NASDAQ: EXLS) (NASDAQ: ICLR) (NYSE: RUK) 245 232 184 *Approximate Value Grey $65,000,000 $280,000,000* $50,000,000 138 a leading SaaS provider of social intelligence, 138 a leading provider of performance-based a provider of outsourced digital campaign a leading provider of end-to-end a leading targeted direct marketing analytics, insights, and engagement a leading provider of marketing solutions the leading film and television information, 138 digital marketing programs to healthcare management for video, mobile, customer acquisition solutions to the one of the largest digital agencies specializing company that connects new movers in multi-channel content marketing solutions has been sold to to destinations, resorts, and other data, and related software company professionals on behalf of leading display, and email insurance industry with local business for the life sciences industry travel-related businesses pharmaceutical companies has sold a majority stake to has been sold to has merged with an affiliate of has been sold to 203 has been sold to which is being combined with has been recapitalized to support future has been sold to growth with significant debt financing 203 from 203 a division of both portfolio companies of and (NYSE: EVDY) (NYSE: WTM) (NASDAQ: CTSH) 221 221 221 *Approximate Enterprise Value a disruptive, rapidly expanding marketplace for a leading SaaS-based, cross channel a technology company delivering highly insurance clicks, calls, and leads the largest independent eCommerce a leading global SaaS-based campaign management platform targeted programmatic marketing a leading provider of transaction-based retailer of promotional products for B2C marketers a consumer enthusiast media one of the largest independent media cost databases and software has sold a majority stake to tag management, data management, solutions using unstructured data and marketing attribution provider and commerce company in-store media networks in the U.S for television, radio, and digital has been sold to advertising cost analysis has been sold to has been sold to has received a $16MM Series B has been sold to has been sold to investment led by has been sold to (NYSE: WTM) 5 | M&A and Investment Summary August 2015 M&A and Investment Summary for All Segments Blue 0 79 133 122 Transaction Distribution 141 181 . A total of 376 deals were announced in August 2015, of which 243 were worth $23.3 billion in aggregate reported value. 178 186 213 . Software was the most active and highest reported value segment with 102 deals announced — 67 of these transactions reported $11 211 216 billion in value 233 234 . The Digital Media/Commerce segment announced 96 transactions, of which 79 were reported worth $7.7 billion 235 245 . Strategic buyers announced 158 deals (44 reported $11.7 billion of value) Orange 241 . VC/Growth Capital investors announced 210 transactions (196 reported $7.9 billion of value) 184 0 . Buyout investors announced eight deals during the month (two reported $3.6 billion of value) 245 232 184 August 2015 Grey BUYER/INVESTOR BREAKDOWN 138 138 Transactions Reported Value Strategic Buyout Venture/Growth Capital 138 # % $MM % # $MM # $MM # $MM 203 Software 103 27% $11,146.9 48%
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