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Sector
Update
Marketplaces
Important disclosures appear at the back of this report
GP Bullhound LLP is authorised and regulated by the Financial Conduct Authority
GP Bullhound Inc is a member of FINRA
Q3 2020
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GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and
capital to category leaders.
Marketplaces perspectives
EXECUTIVE SUMMARY
Apax Partners
ACQUIRED BY
Baltic Classifieds Group
UNDISCLOSED
ACQUIRED BY
UNDISCLOSED
OLX (Naspers)
AutoTrader SA
Accel, Baring Vostok &
Vostok New Ventures
INVESTMENT BY
Avito.ru
$110M
GP Bullhound Fund IV,
Cathay, Atomico and others
INVESTMENT BY
Ontruck
€25M
GP Bullhound Fund IV,
Lakestar, Korelya and others
INVESTMENT BY
Glovo
€150M
GP Bullhound’s marketplaces sector comprises the broader internet ecosystem, including online marketplaces, online classifieds, online travel
and e-commerce. This reports aims to provide insights into public and private valuations across the transaction spectrum and qualitative
insights into broader market trends. We also feature interviews with many of the leading companies and CEOs who are currently transforming
the sector.
In Q3, we continued to see a recovery in performance and valuations in most verticals in the Marketplaces sector after the COVID-induced
shock. As we predicted in Q2, there has been a significant uptick in M&A and private placement activity. Even more significantly, the IPO
market saw a particularly strong quarter with several landmark listings and filings over the period.
Based in our London office, Alessandro Casartelli heads the marketplaces practice which has completed over 20 transactions. Several of GP
Bullhound’s marquee marketplaces advisory transactions and investments are showcased below:
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Key sector takeaways
Recent marketplaces transaction trends
Public company analyses
Marketplaces CEO commentary
Key marketplaces metrics
Appendix A: Public comparables by category
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Contents
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Appendix B: GP Bullhound credentials and team
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Appendix C: GP Bullho