Avista
Video Game Briefing Partners
Highlights:
Market Cap for all public companies in global game sector is $108.4 billion
Over $31m of M&A deals in global sector (Last 30 days)
Over $68m raised in global sector (Last 30 days)
The Online Game Index is the best performing game sector index at +100.0% (LTM)
The Asia Game Index is the best performing regional game index at +21.8% (LTM)
Online Game/ Virtual World Universe has 260+ companies generating $10.5 billion in annual revenue plus we are tracking 200+ additional new companies
Recent Fundraising Deals
Total
Transaction
Date Target/Issuer Transaction Type Value ($mm) Investors
Online Games
10/13/2009 Project Amuso Private Placement 1.5 Mangrove Capital Partners and angel investors
10/06/2009 Popcap Games Private Placement 22.5 Meritech Capital Partners, Larry Bowman and John McCaw
10/01/2009 Zattikka Private Placement - Atomico Ventures and other investors
Game Technology
10/26/2009 Unity Technologies Private Placement 5.5 Sequoia Capital, Diane Greene & David Gardner
10/26/2009 Aviary, Inc. Private Placement 7.0 Spark Capital and Bezos Expeditions
10/21/2009 Canesta Private Placement 16.0 Standard Microsystems, Hotung Investment Holdings, The Carlyle Group, Venrock & Quanta Computer
10/01/2009 InVisM Private Placement 0.03 -
Mobile Games
10/23/2009 Artificial Life, Inc. (OTCBB:ALIF) Private Placement 6.5 3M Co.
10/14/2009 PearlinPalm Information Technology Private Placement 10.0 China Broadband Capital Partners LP and DT Capital Partners
Payment
10/18/2009 Sometrics Private Placement - Steamboat Ventures, Greycroft Partners and the Mail Room Fund
10/08/2009 Balao Private Placement - Holtzbrinck Ventures and Samwer brothers
October 2009 Source: Capital IQ, Company Filings, Brokers & Press 1
Avista
Video Game Briefing Partners
Recent M&A Deals
Total Implied Implied Implied Implied
Transaction Enterprise Enterprise Enterprise Enterprise
Date Target/Issuer Value ($mm) Buyers/Investors Value ($mm) Value/Revenues Value/EBITDA Value/EBIT
Mobile Games
10/20/2009 Ozura Sdn Bhd 1.1 Right Grand Limited 1.1 - - -
10/16/2009 Pikkle (20%) 1.6 Mixi 7.9 - - -
10/09/2009 Dragon Joyce Group (70%) 27.9 VODone LIMITED 39.0 - - -
10/02/2009 Player One - Rok Entertainment - - - -
PC, Console Games
10/26/2009 Violet S.A. 0.5 Mindscape SAS 0.5 - - -
Online Games
10/13/2009 Metaversal Studios 0.06 Alliance Distributors Holding Inc. 0.06 - - -
10/05/2009 Nadeo - Ubisoft - - - -
Video Game Events to be attended by Avista Partners for balance of 2009:
We will be hosting our annual Interactive Entertainment Summit in London on 23 November 2009 which is by invitation only. Additional information can be found at:
http://avistapartners.com/news-events.html
October 2009 Source: Capital IQ, Company Filings, Brokers & Press 2
Avista
Video Game Briefing Partners
Game Index Performance by sub-sector (LTM)
The Online Game Index is the best performing game sector index at +100.0%
250
230
210
190
170
150
130
110
90
70
50
Nov/08 Dec/08 Jan/09 Feb/09 Mar/09 Apr/09 May/09 Jun/09 Jul/09 Aug/09 Sep/09 Oct/09
S&P 500 Index Game Distributor/ Accessory Index Game Retailer Index
Mobile Game Index Game Outsourcing Index PC/Console Game Index
Online Game Index Payment Index
Note: the companies making up each index are those listed in the corresponding comps in the following pages. The indexes are based on a weighted market cap and are rebased to 100 at the start.
October 2009 Source: Capital IQ, Company Filings, Brokers & Press 3
Avista
Video Game Briefing Partners
Game Index Performance by region (LTM)
The Asia Game Index is the best performing regional game index at +21.8%
140
130
120
110
100
90
80
70
60
Nov/08 Dec/08 Jan/09 Feb/09 Mar/09 Apr/09 May/09 Jun/09 Jul/09 Aug/09 Sep/09 Oct/09
S&P 500 Index Europe Game Index North America Game Index Asia Game Index
Note: the companies making up each index are those listed in the corresponding comps in the following pages. The indexes are based on a weighted market cap and are rebased to 100 at the start.
October 2009 Source: Capital IQ, Company Filings, Brokers & Press 4
Avista
Video Game Briefing Partners
Online Game/ Virtual NHN Games
World Universe has
260+ plus companies Realnetworks Games
Viacom Online
with $10.5 billion+ in Wild Tangent Tencent Games Duniu
AOL Games
Kongregate Spil Games
annual revenue Yoyogames Miniclip iwin Yahoo Games Gungho
Zapak Playfirst Ourgame Duowan EA Online GGL
6 waves Roblox
Cafe.com Ganymede
Feerik Games2win Big Fish Oberon Astrum
Alawar Fettspielen 51wan Shanda
Most Diverse Microsoft Online
Gala-net MLG Gamania
Zynga Geewa Motion Twin Popcap Aeria Run Up Mgame
9you
Netease Games
Jagex
Moli Group
Acclaim
Bigpoint Sony Online (SOE) NcSoft
Level Up Games