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Trend Reports

2009 Full Year

 
 

2009 l Full Year l Trends Report l Software

Thursday, February 04, 2010

2009 Key Highlights

  • The largest transaction for 2009 was Oracle Corprations announced acquisition of Sun Microsystems, Inc for $7.08 billion.
  • The most active buyers in the Software Industry, in terms of volume of announced transactions for 2009, was Oracle Corporation and The Carlyle Group each with 8 transactions.
  • In 2009, there were 101 financially sponsored transactions with an aggregate value of $5.52 billion. These figures represent 14 percent of the total volume and 14 percent of the total value, respectively.

2009 vs. 2008 Key Trends

  • Total transaction volume in 2009 decreased by 16 percent over 2008, from 837 in 2008 to 699 in 2009.
  • Total transaction value in 2009 decreased by 16 percent over 2008, from $45.43 billion in 2008 to $38.30 billion in 2009.

2004-2009 Market Overview

Out of 4,887 transactions tracked by Berkery Noyes between 2004 and 2009 we determined the aggregate enterprise value paid for transactions, where the values of 1,850 were disclosed, to be $271.71 billion. Based on known enterprise values, using a logarithmic scale, we project values of 3,037 undisclosed transactions to be $71.52 billion for a combined total of $343.24 billion over the past six years.

The largest transaction between 2004 and 2009 was Bain Capital, Kohlberg Kravis Roberts & Co., Goldman Sachs & Co., Blackstone Group LP, Providence Equity Partners Inc., Texas Pacific Group and Silver Lake Partners who acquired SunGard Data Systems Inc. for $10.86 billion.



 

Transaction Volume/Value & Multiples

Transactional Analysis

Strategic vs. Financial Comparison

Purchaser Analysis

Transaction By Volume Segment

Footnotes

Transaction Volume/Value & Multiples By Half