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1、London|Frankfurt|Stockholm|San Francisco1|13 Fintech M&A Overview 2H 2022Fintech M&A continues solid two-year climbFintechM&AdefiesbroaderM&A slowdownWhile global M&A has suffered in 2022,the Fintechsector saw M&A activity rise sharply this year,with591 deals recorded in the first half of 2022.Thisr
2、epresents a 46%increase on 1H2021 numbers,and awhopping 70%increase on pre-pandemic(1H2019)figures.Meanwhile,valuations have remained steady:1H2022saw the trailing 30-month median revenue multiplereach 3.1x broadly in line with the levels seen in thepast two years.The trailing 30-month median EBITDA
3、multiple came in at 14.2x,firmly within the 13x to 15xrange monitored since 2015.In this report,we review the Fintech M&A market byanalysing,in detail,each of the subsectors below:Financial Management SolutionsPaymentsBanking/Lending TechnologyCrypto&BlockchainWealth&Capital Markets TechnologyThe ab
4、ove graph covers the period between January 2015 and June 2022.Throughout this Fintech M&A report,median“trailing 30-month”multiples plotted in the graphs refer to the 30-monthperiod prior to and including the half year.Total number of deals&valuation multiples in Fintech per half-year,
5、375 390 309 347 293 377 334 348 376 352 456 406 510 591 3.2x3.0 x2.4x2.4x2.3x2.3x2.6x2.9x3.2x3.7x3.7x3.2x3.3x3.2x3.1x17.8x13.5x13.5x13.4x13.3x13.4x14.7x14.4x14.3x14.7x14.0 x13.3x13.0 x14.2x14.2x-100 200 300 400 500 6001H 20152H 20151H 20162H 20161H 20172H 20171H 20182H 20181H 20192H 20191H 20202H 20
6、201H 20212H 20211H 2022Non-techM&AactivitydipsThe global M&A market saw a sizeable spike in2021 across all industries,leading many analyststo question whether such highs would be short-lived.Their skepticism proved correct:early into2022,broader market confidence deteriorated asseveral geopolitical
7、and macroeconomic eventsmadeheadlines,includingpost-pandemicinflationary pressures,armed conflict in Ukraine,broken supply chains,and central banks hikinginterest rates in an attempt to curb inflation.(Continued on page 12)Driving this years sharp increase in Fintech M&A aremany deals in the Payment
8、s,Crypto&Blockchain,andBanking&Lendingsegments.Companiesandtechnology included within each category are definedon page 6.2|13 Fintech M&A Overview 2H 2022Fintech M&A will display resilience in a stormy marketTop recent Fintech acquirers organised by the geography of their latest targetShare of PE fi
9、ntech acquisitions stable since2019The number of private equity acquisitions of fintechtargetshasincreased,whiletheshareofPEacquisitions as a percentage of total number of dealsremains in line with prior periods at 31%.$1.3T$3.6T20082022Global private capital dry powder30%33%32%31%10.0%15.0%20.0%25.
10、0%30.0%35.0%40.0%02004006008001,0001,2001,40020022PE acquisitionsRunrateStrategic acquisitionsRunratePercent PEShare of private equity deals per yearNorth AmericaEuropeRoWA potential recession wont dampen FintechM&Aas it didin2008While global M&A has suffered in 2022,Fintech M&Ais expecte
11、d to remain robust despite concerns of apossible market downturn.Analysts point to a determining difference betweennow and the 2008 recession:deployable privatecapital(buyout,VC,growth,real estate,etc.)hasreacheditshighesteverlevelat$3.6trillion,representing around three times that of 2008.Theavaila
12、bility of capital drives buyers and investors toincrease their acquisitions at a time when their pocketsare full and high-growth Fintech companies are beingsold at affordable prices.In addition,a survey conducted by Bain Capital showsthat deals completed during recessions tend to deliverhealthy retu
13、rns,something executives learned in thewake of the 2008 financial crisis.Following recent turmoil across the broader techsectors in Europe and North America,investors sawrisk in deploying capital in Q2.Interest rate hikes alsojustified greater caution in making acquisitions.Suchhesitation is dissipa
14、ting,however,as PEs rush to utiliseavailable capital to prevent inflation from eating intotheir purchasing power.Overall,2022 PE investmentinto Fintechs is on track to outpace prior years.3|13 Fintech M&A Overview 2H 2022Top deals in FintechVast majority of deals transacted at below$100mOnly 5%of Fi
15、ntech transactions announced value above$100mWhile large transactions make the headlines,smaller deals constitute a majority of M&A activityWhile large transactions make the headlines,smaller deals constitute a majority of M&A activityLARGEST DISCLOSED M&A DEALS OF 1H2022DateTargetAcquirerSubsectorE
16、V($billions)FebAprJanMarMarFebPaymentsPaymentsWealth Mgmt.Capital MarketsWealth Mgmt.Banking/Lending$2.0$1.8$1.5$1.3$1.1MayReal Estate$16.0JulWealth Mgmt.$3.0FebReal Estate$2.9Jun$2.5PaymentsTSS BusinessThunderbridge IV(SPAC)$1.4JunCapital Markets$1.1LSEGs BETA+assets:LSEGs BETA+assets:BetaNXTBetaNX
17、T,MaxitMaxit,Digital Investor,Digital Investor4|13 Fintech M&A Overview 2H 2022AcquirersAcquisitionsin 30 monthsThree most recent Fintech acquisitions17Declarando Declarando AsesoresAsesores Freelancer accountancy&taxation management SaaSGrupo Grupo CalipsoCalipso AI-based ERP,SCM and e-commerce Saa
18、SLyantheLyanthe Invoice processing software&BPO9Worldnet TPS Worldnet TPS Payments acceptance&management SaaSIroquois Merchant Services Iroquois Merchant Services Card payment processing solutions and servicesBeanstalk Payment Technologies Beanstalk Payment Technologies Payment processing&transactio
19、ns routing SaaS7Box and Dice HoldingsBox and Dice Holdings Transactions management and accounting SaaSTrimble Trimble Real estate ERP SaaSAsset Management Technologies Asset Management Technologies Lease&facilities management SaaS7ClausionClausion Corporate performance management SaaSLegerity Legeri
20、ty AI-based accounting rules SaaS and open APIsCALUMO Australia CALUMO Australia Business intelligence and corporate performance management SaaS7Aequitas Innovations Aequitas Innovations Financial exchange for business and consumersEris Exchange Eris Exchange Futures online exchange at for businesse
21、s and consumersChiChi-X Asia Pacific X Asia Pacific Electronic proprietary trading system exchanges and EDI software6Serrala GroupSerrala Group Payment processing&data management SaaSRiskalyze Riskalyze Platform that measures of clients risk tolerance for investment advisorsReceipt Bank Receipt Bank
22、 Accounts preparation and data extraction automation SaaS for businesses6BCS BVBCS BV HR&payroll management SaaSAudimexAudimex Accounting SaaS&softwareBlika Solutions Blika Solutions Tax&legal data management SaaS6Bottomline TechnologiesBottomline Technologies Financial services software GreenphireG
23、reenphire Clinical trial payments SaaSCalypso Technology Calypso Technology Software and SaaS that manages lifecycles of trading instrumentsTop acquirers past 30 months The first half of 2022 saw Norway-based Vismagraduate to top acquirer with 17 deals closed over thepast 30 months,6 of which in 1H2
24、022.Visma hasbeen expanding its geographic reach in the EMEAregion by swiftly acquiring targets.Most recent targetsoperatedintheBeneluxregion,Poland,Spain,Denmark,and Sweden.American-based Payroc LLC inked 9 deals in theperiod,focusing mostly on various merchant solutions-and payment processors.With
25、 7 acquisitions,MRI Software,Global Software,and CBOE Global Markets,have also been highlyacquisitive of Fintech targets.Serial acquirers including Thoma Bravo,Main CapitalPartners,Volaris(operating group of ConstellationSoftware),and HG Capital continue to prove appetitefor Fintech as they actively
26、 purchase vendors withinthe sector.5|13 Fintech M&A Overview 2H 2022Top trends in FintechTrendDetailsExamplesCrypto becomes mainstream;use of crypto card payments on the riseContactless technology transforms paymentsArtificial intelligence further boosts FintechEmbedded finance applications on the r
27、iseMore players are becoming fintech super appsRobotic process automation becomes critical driver for growth Prevalence of virtual cards has strengthened the Payments subsectorDigital banks are increasingly offering crypto-compatible payment services.Blockchain technology market is expected to grow
28、to$23 billion by 2026.Contactless payment solutions are driving some of the largest innovations in payments.The onset of COVID-19 and social distancing measures continue to propel the trend.Open API banking services surgeOpen API banking providing clients banking data to third parties is becoming in
29、creasingly prevalent.64 million people are expected to be using open banking in 2024 a fivefold increase on 2020.Researchers predict that artificial intelligence will become a defining technology for the industry,and that by 2026,the market will grow more than three times its current size.Customers
30、too often dont know which financial product they need.Payment and credit products embedded in checkout seamlessly satisfy the customers needs.The global market may reach$7.2 trillion by 2030.Fintech“super apps”combine various services into a single app giving the user a fully rounded experience conv
31、eniently through a single interface.The trend is expected to continue for at least the next decade.Source:KPMG,Juniper Research,Finextra,Fintech MagazineAnalysts see RPA as key to fintech success,expecting a c.400%revenue growth for the industry by 2023.RPA is predicted to mostly impact the Financia
32、l Management Solutions and Capital Markets subsectors.Analysts predict that the global value of digital transactions will rise more than threefold in the next five years,from$1.9 trillion in 2021 to$6.8 trillion by 2026.6|13 Fintech M&A Overview 2H 2022Data breakdown geography and subsectorHeadquart
33、ers of Fintech targetsHeadquarters of acquirers of European targetsLAST 30 MONTHSIn the first half of 2022,36%of all Fintech dealstargeted a firm in the Financial Management Solutionssegment and 22%related to Payment solutions.Interestingly,Wealth&Capital Markets Tech now onlyrepresents 11%of all de
34、als,whereas it was the mostimportant subsector a few years ago,accounting forone third of fintech M&A activity.Just over 50%of all deals in the past 30 monthstargeted a North American firm.European targetswere involved in 29%of the transactions during thesame period.While over two-thirds of these we
35、repurchased by acquirers on the same continent,32%ofthe European fintech sellers ended up transactingintercontinentally.Financial Management SolutionsRevenue management,financial budgeting,billing,payroll,accounting,invoicing,andfinancialplanningsoftwarePaymentsPoint of sale transactions,innovative
36、payment methods,digitalmoneytransfers,andpaymentprocessingBanking/Lending TechnologyLoan origination,credit scoring,credit analytics,collections,B2B&B2C&P2P lendingCrypto&BlockchainCryptocurrencies,decentralised finance,digital assets,blockchaintechnology,andmarketplacesrevolvingarounddigitalcurrenc
37、iesWealth&Capital Markets TechnologyTrading and investing software for retail and institutional investors,robo-advisors,personalbudgetingandsavingsoftwareBreakdown of number of deals by subsector in 1H202236%22%19%12%11%Europe68%North America26%RoW6%Europe29%North America51%RoW20%7|13 Fintech M&A Ov
38、erview 2H 2022SubsectoroverviewThe Financial Management Solutions segment hascontinued to experience a surge in M&A activity,witha record 211 deals recorded in 1H2022 and 416 inthe past year.This is a 44%increase from the prior 12months.Thetrailing30-monthmedianrevenuemultiple.117 98 107 80 97 75 10
39、5 97 122 125 102 166 161 205 211 -50 100 150 200 2501H20152H20151H20162H20161H20172H20171H20182H20181H20192H20191H20202H20201H20212H20211H20220 x5x10 x15x20 x25x30 x35x40 x0 x5x10 x15x20 xFinancial Management Solutions15.3x0.4x3.7x33.4x1.1x13.6xCeleroprovidespaymentprocessingand management SaaS,and
40、its acquisition ofOMEGAmarksitssecondacquisitionin2022andeighthacquisition since 2018.Trailing 30-month median revenue multipleTrailing 30-month median EBITDA multipleRoboticProcessAutomationcapabilitiesbecomea key growthdriverforFintechs44%uplift44%uplift27%uplift27%upliftSource:Finextra,Juniper Re
41、search,Digital TransactionsACQUIREDJan 2022Not disclosedreached a recent high of 3.7x in 1H2022 a levelunseen since 2015.Half of the disclosed transactionswere valued between 2.1x and 6.3x revenue.Thetrailing 30-month median EBITDA multiple came in at13.6x,with half of the disclosed transactions val
42、uedbetween 6.6x to 16.9x EBITDA.Software development companies with a focus onfinance are creating software robots that mimichuman actions to streamline and quicken repetitivetasks such as data entry,management of financialinformation,generation of financial reports,handling ofinsurance claims,and e
43、valuation of business risks.Robotic Process Automation(“RPA”)will be a keydeterminantofFintechplayerssuccess;analystspredict growing demand for RPA and 400%revenuegrowth in the industry by 2023.InJanuary2022,US-basedOMEGAProcessingSolutionsaproviderofAIandRPA-basedtransaction processing,payroll solu
44、tions,dashboards.and analytics was acquired by US-based CeleroCommerceforanundisclosedamount.Theacquisition highlights buyers increasing interest intargets with key RPA and financial management SaaScapabilities.8|13 Fintech M&A Overview 2H 20220 x5x10 x15x20 x25x30 x0 x5x10 x15x51 79 87 71 86 68 87
45、68 88 96 80 105 94 109 130 -20 40 60 80 100 120 1401H20152H20151H20162H20161H20172H20171H20182H20181H20192H20191H20202H20201H20212H20211H2022Payments2.9x12.8x0.2xTrailing 30-month median revenue multipleTrailing 30-month median EBITDA multiple28.3x2.1x14.8x20%uplift20%upliftSubsectoroverviewThe Paym
46、ents subsector has seen reasonable growthespecially in the past 12 months.In 1H2022,thenumber of deals in the space rose with a total of 130deals inked,representing a 19%increase relative to theprior half-year period.The 12-month period dealvolume reached a record high of 239 deals,showing a20%incre
47、ase year-over-year.The payments categoryis the second largest Fintech subsector and continuesto attract investor interest.Though the market benefitted greatly from a boost atthe height of Covid-19,certain players especiallywithin the Buy Now Pay Later(“BNPL”)category haverecently faced major headwin
48、ds.These challenges areevident from its slightly depressed valuation multiples.Transactions in 1H2022 closed at lower averagerevenue and EBITDA multiples in comparison to itsprevious 24-month average.The trailing 30-month median revenue multiple stoodat 2.9x with half of the disclosed transactions v
49、alued ata multiple between 1.6x and 5.5x.Meanwhile,thetrailing 30-month median EBITDA multiple came in at14.8x,with half of the disclosed deals showing anEBITDA multiple between 7.4x and 17.4x.BNPL evolves,graduallybecomingmainstream,but key playersare facingheadwindsThe online BNPL trend that allow
50、s users to spreadpayments into interest-free installments has seen hugepopularity,particularly with Gen Z and millennials.Onthe business side,online merchants cite BNPL ashavingimprovedcustomeracquisition,customerloyalty,and average order value.Across Europe,adoption has been robust:74%of European r
51、etailersnow offer the service at checkout.Yet,criticism of BNPL mounts as more people worryit encourages young consumers to become embroiledwith debt.Companies now fear that regulators mayimplement strict requirements limiting operations.Keyplayers,Klarna and Affirm,recently saw their sharesdrop 85%
52、and 77%respectively.Still,as the marketevolves,analysts foresee growing opportunities forM&A activity as BNPL becomes mainstream.Source:S&P451,Fintech Magazine,CNBC9|13 Fintech M&A Overview 2H 20220 x5x10 x15x20 x0 x5x10 x15x20 x25x30 x35x40 xBanking/Lending Technology16.4x0.3x3.8x39.3x0.7x12.9xpote
53、ntialofopenbankinghasbeenrevealed so far.It is apromisingfinancialtechnology with largevolumesofmergersandacquisitionsexpected in the space.Trailing 30-month median revenue multipleTrailing 30-month median EBITDA multiple62 67 68 43 47 49 50 64 41 48 53 82 64 87 115 -20 40 60 80 100 120 1401H20152H2
54、0151H20162H20161H20172H20171H20182H20181H20192H20191H20202H20201H20212H20211H202238%uplift38%upliftACQUIREDMay 2022Not disclosedSubsectoroverviewThe Banking/Lending Tech segment continues toattract investor attention with a strong 115 dealsrecorded in the space in 1H2022.The total numberof deals rec
55、orded over the past 12 months amountedto a record of 202 transactions,indicating a 38%riseyear-over-year.The trailing 30-month median revenue multiple stoodat 3.8x in 1H2022,with half of disclosed multiplesbetween 1.9x and 5.5x.Meanwhile,the trailing 30-month median EBITDA multiple came in at 12.9x,
56、withhalf of disclosed deals valued at an EBITDA multiplebetween 7.8x and 22.5x.OpenbankingAPIs graduallyreplacetraditionalbankingsrigidcustomerdata systemsIn May 2022,Yapily Limited acquired finAPI,aprovider of open banking,data intelligence,KYC andpayment SaaS worldwide.Yapily has focused its effor
57、tson official API integrations covering thousands ofbanks.WithitsacquisitionoffinAPI,Yapilyconsolidates its position in Germany and Europe.The European PSD2 regulation,effectively in forcesince September 2019,requires banks to offer APIs sothat customer data can integrate more effectively withthird-
58、party services(under user consent).Users arebeginning to realise the benefits of working with opendata as smooth information exchange improves userexperience and quality of financial services.Openbanking APIs are expected to transform the market,.allowing users to pay for goods and services in a sin
59、gleswipe or receive a loan decision in seconds.Open banking features are expected to have 64million users by 2024,a five-fold increase relative to2020.McKinsey believes that only 10%of the.Source:TechCrunch10|13 Fintech M&A Overview 2H 2022Crypto&Blockchainlatestinastringofinvestment activity within
60、thecryptocurrencyspace as the metaversebecomesmonetisableandthepopularityofNFTs increasingly propelthe adoption of crypto.11 8 12 5 11 10 39 24 25 26 39 29 32 38 69 -10 20 30 40 50 60 70 80 90 1001H 2015 2H 2015 1H 2016 2H 2016 1H 2017 2H 2017 1H 2018 2H 2018 1H 2019 2H 2019 1H 2020 2H 2020 1H 2021
61、2H 2021 1H 202275%uplift75%upliftACQUIREDMay 2022$11 millionSubsectoroverviewThe Crypto&Blockchain segment experienced asignificant jump in the number of deals in the past 12months,with a total of 107 transactions recorded,representing 75%growth year over year.In the latestperiod 1H2022,a record num
62、ber of 69 transactionswere logged,representing a 82%increase over theprior period.The improved transparency offered by distributedledger technology and growth in venture capitalinvestments are key factors driving the growth of themarket.The Cryptocurrency market size is expected to growat a CAGR of
63、7.1%to$2.2 billion by 2026.Digitalassetsincreasinglyproliferateinthe metaverseThe online realm of the metaverse now occupies theattention of companies and investors worldwide.Theoperation of the metaverse,however,is fully reliant onblockchaintechnologyforrecordingtransactions,often as part of a dece
64、ntralised public database knownas an encryption-secured ledger.As blockchain technology enables monetisation in themetaverse,companies are now piling in to create awide array of digital assets.In February,investmentfirm Republic Realm paid a record$4.3 million for landin Sandbox,currently the larges
65、t metaverse platform.Similarly,technology enterprises are expanding theironline platforms allowing people to work,play,and.socialise.In May 2022,US-based Descrypto Holdingsacquired OpenLocker,a provider of an online NFTtradingportalandmarketplacefor$11 million.OpenLocker enables the sale and trading
66、 of racingprospectcollections.Thetransactionisthe.Source:Morgan Stanley,Marketsandmarkets11|13 Fintech M&A Overview 2H 20220 x5x10 x15x20 x0 x5x10 x15x20 x25x30 xWealth and Capital Markets TechnologyTrailing 30-month median revenue multipleTrailing 30-month median EBITDA multiple12.0 x0.6x2.4x18.1x3
67、.0 x13.0 x105 123 116 110 106 91 96 81 72 81 79 76 57 76 68 -20 40 60 80 100 120 1401H20152H20151H20162H20161H20172H20171H20182H20181H20192H20191H20202H20201H20212H20211H2022active retail traders undera commission-free tradingmodel.Thedealisexpected to help makefutures more mainstreamandensurethatth
68、egrowing demand of thetrading community is met.ACQUIREDJan 2022$115 millionSubsectoroverviewM&A activity within the Wealth and Capital MarketsTech subsector has remained relatively stable since2020 but has seen a gradual slowdown in recent yearsas the market grows mature and less fragmented.The segm
69、ent saw 68 transactions in 1H2022,and atotal of 144 transactions over the latest 12-monthperiod.The trailing 30-month median revenue multiple stoodat 2.4x,with half of all disclosed deals valued between1.8x to 5.1x.Meanwhile,the trailing 30-month median EBITDAmultiple was 13.0 x,with half of all dis
70、closed dealsvalued between 11.1x to 15.4x.Therise ofthe retailinvestor:capitalmarketsbecomeincreasinglyappealingto consumersWith covid came a surge in retail investment activity:the emerging investor class propelled trading platformrevenues from$4 billion in 2017 to$11 billion in2020.This growth has
71、 shown no sign of stopping.Consumer-focused trading platforms have becomeless costly,and more user friendly,but also because:Fractional investing features allow investors toseamlessly purchase even fractions of sharesAI-based investment recommendations by robo-advisors help amateur investors make de
72、cisionsAccess to a variety of ESG,value-based,andsector-specific funds allow investing that matchesperfectly with an investors preferencesIn January 2022,NinjaTrader acquired Tradovate,aleading online futures brokerage firm and tradingservices,for$115 million.Tradovate offers futures-related trading
73、 software and mobile applications for.Source:Finextra12|13 Fintech M&A Overview 2H 2022Robust global M&A expected to slow,but not in 2022during recessionary periods.Indeed,if a recessiondoes occur,economists foresee a decline of dealactivity.Currently though,companies have been usingM&A toprepare th
74、emselves fora transformedeconomicatmosphere.Theyintendtoacquirecompetitive capabilities through acquisitions beforeinterest rates rise even further and dispose of non-core assets to cut unnecessary costs before theeconomy considerably declines.A moreencouragingoutlookfortech M&ABuyers strong appetit
75、e for technology acquisitions hasremained strong in 1H2022.As competitive pressuresincrease in a battle for market share,the ever-growingneed for digital transformation and technologicaladvancements has fueled M&A activity.Covid-19intensified such competitive pressures in the sectorand a looming rec
76、ession has enticed technologycompanies to act quickly.Technology businesses such as software and internetcompanies can scale easily,allowing them to quicklyreap the benefits from M&A activity(e.g.,realisingimproved customer reach,product breadth,andenhanced data).Analysts expect a robust level oftec
77、hnology M&A activity to continue and potentiallyaccelerate in the near term.(Continued from page 1)Inflationratesriseand a recessionloomsInflation rateshave risento40-yearhighs incountries across North America and Europe amidmounting fears of an impending recession.Whileeconomists do not foresee a r
78、ecession striking in2022,persistentlyhighinflationandincreasinginterest rates may substantially dampen consumerspending in the new year,making a recessionincreasingly likely in 2023.GloomyoutlookunlikelytostifleM&Aactivity“inthe near term”The expected impact of the current economicclimateonM&Aiscoun
79、terintuitive.Althoughworries of a possible recession hasescalated,appetite for deal making has hardly disappearedaccording to an elaborate survey conducted byKPMG.In fact,quite the opposite.80 percent ofexecutivessignaledtheirappetitefordealsisstronger than in 2021.61 percent indicated theyexpect M&
80、A activity in their sector to increase overthe next 12 months.Despite the highly unstable market,the fundamentaldrivers of M&A remain in place.Companies useM&A to remain competitive,expand,acquire newcapabilities,enter new markets,and dispose certainassets to cut costs and sharpen their focus.Suchop
81、erational initiatives remain as vital,if not more,.13|13 Fintech M&A Overview 2H 2022M&A relating to financial management,payments,banking,lending,crypto,defi,digital assets,trading and investing,broadly categorised as Fintech,has maintainedits record levels of activity and high valuations during th
82、ese uncertain times.Despite record inflation,supply chain and geo-political risk,and concerns of arecession or perhaps precisely because of these factors deal-making inFintech has been particularly robust in 2022 thus far:we tracked nearly 600acquisitions in 1H2022 the highest volume for a six-month
83、 period on record.SelectionofHampletontransactionsAboutHampletonPartnersHampleton Partners is at the forefront of international mergers and acquisitions advisory for companies with technology at their core.Hampletons experienced deal makers have built,bought and sold over 100 fast-growing tech busin
84、esses and provide hands-on expertise and unrivalledinternational advice to tech entrepreneurs and the companies who are looking to accelerate growth and maximise value.With offices in London,Frankfurt,Stockholm and San Francisco,Hampleton offers a global perspective with sector expertise in:Autotech
85、&Mobility,IoT,AI,Fintech,Insurtech,Cybersecurity,VR/AR,Healthtech,Digital Marketing,Enterprise Software,IT Services,SaaS&Cloud and E-Commerce.Miro ParizekPrincipal PStandardised and individual solutions against financial and white-collar crime and for risk management and monitoring,analysis,and repo
86、rtingConclusion&contactsDigital banking software for retail,corporate and investment management banks in Central and Eastern Europemerged intobacked byLeading holistic omnichannel digital commerce software solutions provider in the DACH regionacquired byacquired byacquired byraised growth capital fr
87、omacquired byDeveloper of eCommerce personalisation technology solutions,utilising ML software solutions that anticipate wants of customersAutomation of processes originating from online orders.Collection of order information,and management of financial data for invoicingTech-empowered software and
88、consultancy services vendor in Finland focusing on banks and insurance companies.Many Fintech companies raised significant investment capital recently.Some will grow and mature to serialacquirers in their niches.Many other Fintechs will be sellers in what continues to be an attractive M&A market.Ana
89、lysts foresee a continued rise in related M&A as increasing numbers of private Fintech companies run out ofmoney needed to fuel and maintain their operations.Their options will be to(i)raise capital from venture capitalfirms(although VCs have become increasingly selective amid heightened uncertainti
90、es);(ii)sell to private equity orstrategic acquirers;or(iii)entirely shut down business operations.These options make a sale appear attractive.At the same time,public companies with massive capital and PE with large amounts of dry powder,well financedlate-stage high-growth private companies,and trad
91、itional financial services companies who look to remainrelevant,are on the lookout for good assets in the sector.These two sides of the equation are bound to increase overall M&A activity in the Fintech sector.Hampleton provides independent M&A and corporate finance advice to owners of Autotech&Mobi
92、lity,Internet,IT Services,Digital Commerce,and Softwarecompanies.Our research reports aim to provide our clients with current analysis of the transactions,trends and valuations within our focus areas.Data Sources:We have based our findings on data provided by industry recognised sources.Data and inf
93、ormation for this publication was collated from the 451 Research database,a division of The 451 Group.For more information on this or anything else related to our research,please email the address provided below.Disclaimer:This publication contains general information only and Hampleton Ltd.,is not,
94、by means of this publication,rendering professional advice or services.Beforemaking any decision or taking any action that may affect your finances or your business,you should consult a qualified professional adviser.Hampleton Ltd.shall not beresponsible for any loss whatsoever sustained by any pers
95、on who relies on this publication.2022.For more information please contact Hampleton Ltd.Hampleton produces regular reports on M&A activity in the following sectorsHampleton produces regular reports on M&A activity in the following sectorsHR TechInsurtechIT&Business ServicesAR/VRArtificial Intelligence Autotech&MobilityCybersecurityDigital CommerceEnterprise SoftwareFintechHealthtechYou can subscribe to these reports at http:/ FranciscoFollow HampletonFollow Hampleton