Magister advisors europreneurs what if entrepreneurs ran europe

What if Entrepreneurs Ran Europe?

More entrepreneurs than ever are choosing to compete from Europe. 10 years ago most founders building international tech businesses would automatically move to the US.

Why Does Market-Tech Need To Consolidate?

Why Does Market-Tech Need To Consolidate?

Ad-tech or market-tech; call it what you will; the programmatic advertising and targeting industry has become a hugely complicated morass of 4,000 products, many with overlapping functionality and unclear benefits for end customers.

VCs are failing to ‘Buy Low, Sell High’

VCs are failing to ‘Buy Low, Sell High’

Venture capital investors across the US and Europe are failing to take full advantage of high-value “exit windows,” according to Magister’s 15-year analysis of VC and private equity (PE) exit activity. Our analysis suggests VCs are significantly better at investing than exiting.

The Connected Car Market has “Arrived”

The Connected Car Market has “Arrived”

GM just paid $1B+ to acquire 40-person self-driving technology vendor Cruise Automation; last year Continental AG paid $700m for Elektrobit’s automotive software business unit (full disclosure: Magister has advised Elektrobit). For comparison GM’s entire market value, with 250,000 employees, was only $7B less than 10 years ago.

Magister Update

Magister Update

After 5 years, 18 successful deals and $2B+ of value generated, Magister is evolving into two separate entities.

Blockchain & Bitcoin 2016: A survey of Global Leaders

Blockchain & Bitcoin 2016: A survey of Global Leaders

As Bitcoin and Blockchain investment fast approaches $1bn, we have spent the last three months speaking with over 30 of the leading Bitcoin and Blockchain companies globally (with c. $500m of total investment), plus industry groups, financial institutions and investors, to gain detailed insight and understanding of the development of the market and the direction these fascinating technologies will take in 2016.

How can SaaS Companies achieve a $100m+ M&A Exit?

How can SaaS Companies achieve a $100m+ M&A Exit?

Software as a Service (SaaS) has matured. Its elder statesman, Salesforce, is worth over $50B and nearly every private software company is now SaaS. The reasons are clear. SaaS businesses have much more certain future revenue than older “perpetual license” businesses, and can therefore grow more reliably. Also, SaaS companies have regularly received very high investment valuations, generally 5-10x revenue, and SaaS is the only model many software investors will invest in.

How To Explain Square’s Disappointing IPO Pricing

How To Explain Square’s Disappointing IPO Pricing

Cries of “shock wave” and “bursting bubble” greeted Square’s recent IPO pricing. It’s understandable when the IPO is $2B lower than Square’s last round only months ago, in a stock market that has remained stable throughout the year.

Why e-Procurement may be the Hottest B2B Investment Sector

Why e-Procurement may be the Hottest B2B Investment Sector

$1 billion of funding has gone into e-procurement companies since 2011. 2015 could see another $1 billion of funding, 4 times all of 2014’s investment level and by far the most intensive rate of new investment the space has ever seen.

At $25 a share, Twitter is a Logical Acquisition Target

At $25 a share, Twitter is a Logical Acquisition Target

As Twitter dips below its IPO price, the business needs to execute a strategy urgently that utility platform to a real product business. At $25 a share, Twitter would be worth materially more to a larger business that can accelerate its product and feature innovation. An acquisition, in the absence of that innovation, would appear far more likely today than six months ago.

What the coming Tech Crash could look like

What the coming Tech Crash could look like

Fifteen years after the dotcom collapse we see another tech crash approaching. ‘Bubble’ and ‘unicorn’ are entering the mainstream vernacular. We are becoming comfortably numb with tech company overvaluations.

How Banks can survive the Fintech Tsunami

How Banks can survive the Fintech Tsunami

The rise of next generation Fin Tech companies will trigger a wholesale restructuring of the banking sector. But banks can survive, maybe even prosper, by proactively focusing on becoming world-class ‘NetCo’s,’ standing behind and supporting thousands of ‘ServCo’ startups fighting for customers’ wallet-share across a wide range of financial transactions.

Strategic upheaval in the $1.6Tn Payments Market

Strategic upheaval in the $1.6Tn Payments Market

The payments market is changing more rapidly now than ever before. Both corporate and individual customers no longer tolerate paying large fees for what are essentially commodity services, transferring money securely.

The ‘Logic’ of Uber’s Uber-Round

The ‘Logic’ of Uber’s Uber-Round

A lot has been written about Uber’s latest financing round (mostly, about the reported of $50bn+ valuation), in the context of the current ‘herd’ of unicorns (apparently, 10 new horns sprouted in the last month).

Board Packs

Board Packs

Late stage growth companies often reveal far too much ‘dirty laundry’ in monthly packs prepared for their board meetings. In normal practice this is fine to stimulate debate and ensure transparency. But when that company is being sold in a high value M&A deal, these packs can give buyers cause to worry about things they might never have thought to ask. Worst case, they can lead to a major price reduction late in due diligence, and we know they have even killed a few deals.

Why we bet Acunu would be a High Value M&A Target

Why we bet Acunu would be a High Value M&A Target

One of the major themes we have pursued at Magister is big data infrastructure and analytics. Needless to say, despite the number of companies positioned as ‘big data’, actual leaders in the space are few and far between, all the more so in Europe.

Apple’s Watch: An ‘Over the Top’ Technology

Apple’s Watch: An ‘Over the Top’ Technology

Technology breakthroughs often focus on new operating systems, devices, or major semiconductor developments. But one of the most significant, yet under-reported, trends is for technology companies to ‘leapfrog’ each other with ‘over-the-top’ (OTT) technologies. It is this trend that often defines the battle for supremacy in the technology industry.

5 Mistakes in Tech M&A

5 Mistakes in Tech M&A

We’ve dealt with hundreds of tech buyers over 25 years. Apple and Oracle are head and shoulders above the rest, for the thorough, discreet, structured, and efficient way they execute a large number of deals each year.

World Number One Carrier Billing Company Created

World Number One Carrier Billing Company Created

We break our tradition of not publicizing our client work to congratulate the leadership of both Boku and mopay AG on today combining to create the world leader; Magister advised mopay on the transaction. We don’t often get to work on a deal which creates a real world market leader, reaching 5 billion mobile users in 80+ countries.

Perception minus reality equals value

Perception minus reality equals value

How can a fast-growth tech company get sold for $1 billion+ before their 100th employee, or even their first $ of profit?

Uncharted waters for the Adtech M&A Wave

Uncharted waters for the Adtech M&A Wave

RocketFuel’s announced acquisition of [x+1] is the first major combination of two significant, independent AdTech companies in the current M&A wave, combining a leading DSP and DMP to create a more holistic (and more SaaS-like) platform.

Adtech on an M&A Wave

Adtech on an M&A Wave

$2bn of AdTech M&A Since February, with Enterprise Buyers In the Middle of the Froth.

Dilution (really) doesn’t matter

Dilution (really) doesn’t matter

Most founders contemplating a large €20m+ investment round immediately calculate their percentage ownership ‘post-dilution’ (meaning what they owned immediately before the funding round, versus what they own the second after it closes).

Suarez to Barcelona: A deal structuring lesson

Suarez to Barcelona: A deal structuring lesson

Let’s imagine Liverpool’s sale of Luis Suarez for £75m to Barcelona as an M&A deal that needs careful structuring. Without knowing the real deal terms, here’s how we think it should have been structured.

No such thing as a “European” investment round anymore

No such thing as a “European” investment round anymore

US venture investors are not coming to Europe, they are already here, in VERY large numbers. They’re such a big factor in the European funding scene that the whole concept of “US VCs” and ”European VCs” is a thing of the past.

Big data – Yes, it is still a big deal

Big data – Yes, it is still a big deal

Big Data is going through Gartner’s “trough of disillusionment”. Endless articles espouse why big data is a fad, doesn’t matter or is failing.

Handling an inbound approach - 5 classic mistakes

Handling an inbound approach - 5 classic mistakes

Whether a deal is $50m or $1bn; the dynamics are the same. A surprise email from a prominent acquirer expressing strong interest in a “strategic deal that could benefit both parties.”.

5 things you should ask your M&A Advisor

5 things you should ask your M&A Advisor

If we were a prospective client, evaluating whether or not to hire a particular M&A advisory firm, here are 5 questions we would pose.

$10M+ Per Employee Exit?

$10M+ Per Employee Exit?

At the height of the 2000 bubble, the scramble to buy promising early-stage businesses sent the price per employee through the stratosphere, to $10m+ at the peak. That meant a 20-person business, just getting market traction, could be valued at $200m. In hindsight, it was “insane”.