亚洲科技投资者对欧洲投资报告（英文）-40页

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1、ASIANHorizonsDealmakersinTechnologyImportantdisclosuresappearatthebackofthisreportGPBullhoundLLPisauthorisedandregulatedbytheFinancialConductAuthorityGPBullhoundIncisamemberofFINRADealmakersinTechnologyASIANHORIZONS3CONTENTS04ExecutiveSummary06THEVIEWFROMGPBULLHOUNDPerLindtorp,GPBullhound

2、08Chapter1:RegionalDynamics:AsianBuyers&EuropeanTargets14Chapter2:WhichTechSectorsAreMostAttractivetoAsianBuyers?18Chapter3:SynergiesBetweenEuropeanTech&AsianInvestors20THEDEAL:ASNAPSHOTJonasGeust,Rightware&LarryGeng,Thundersoft22TAKINGFLIGHT:SKYSCANNER’SASIANEXPANSIONColinMcLellan,Skysca

3、nner24Chapter4.1:Attracting&ClosingInvestment26THEENTREPRENEUR’SVIEWTomAdeyoola,Metail29THEINVESTORS’VIEWMatthewBrandt&JakeWatkin,SILKVentures30Chapter4.2:ChineseOutboundM&ARegulationTightened32THELAWYER’SVIEWTerenceFoo,CliffordChance34MethodologyEXECUTIVESUMMARYTHERACEFOREuropeanTechnolo

4、gyAssetsTheweightofAmericanandnowAsiancapitalfloodsintoEuropeAMERICASASIA701$111.4bnEUROPE119$61.0bn#transactionsCapitaloutflow#transactionsCapitaloutflow2014-Apr’20172014-Apr’20172014-Apr’20172014-Apr’2017Top10DealsTop10DealsRFPowerbusinessSource:Mergermarket,allrelevantmajoritytechnolog

5、ydealswithdisclosedvalues2010-April20174ASIANHORIZONS5THEMEGADealsToptendealsover$1bnfromAsiaintoEurope$30.2bn$2.9bn$1.26bn$8.6bnSemiconductorsIT&managedE-commerce/marketplaceGamingservice$1.49bn$1.77bnElectronicE-commerce/equipmentmarketplace$2.75bn$1.8bn$1.20bn$2.76bnRFPowerbusinessSemi

6、conductorsSemiconductorsSemiconductorsElectronicequipmentSource:Mergermarket,allrelevantmajoritytechnologydealswithdisclosedvalues2010-April2017EXECUTIVESUMMARYTHEVIEWFromGPBullhoundPerLindtorpDirectorAsianacquisitionsofEuropeantechnologycompaniesmorethandoubledfrom2014to2016from22dealsto

7、49andthedealvalueincreased30timesto$50.4bn.ThisaddedtothealreadystrongappetitefromtheUSforEuropeantech.ThemaindriversforthisgrowthareSoftbank’smajorstrategicbetsandtheriseinboththevolumeandthesizeofacquisitionsbyChinesebuyers,runninginparalleltoChina’sdigitaleconomy