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Mergers & Acquisitions  in the Web Hosting Industry Joe Bardenheier Endurance International Group, Inc. Hillary Stiff C HEVAL  C APITAL , I NC .
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
C HEVAL  C APITAL , I NC . ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Valuation I ,[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Annualized Recurring Revenue ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Market Conditions – Buyer Types ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Valuation II ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Market Conditions - Multiples 2.5x – 7.0x 1.0x – 2.5x Multiple of  Annual Revenue 2x – 4x 0.5x-1.2x digitalNation C HEVAL  C APITAL,  I NC.
Terms - Price Versus Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Market Conditions – Future Multiples Hosting Transaction Multiples 1999 2007 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],10x 1x C HEVAL  C APITAL,  I NC.
Valuation III – Other Factors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Market Conditions – Deal Volume ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C HEVAL  C APITAL,  I NC.
Endurance International - Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Endurance International Group, Inc.
Example Brands Endurance International Group, Inc.
Endurance’s Acquisition Criteria ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Endurance International Group, Inc.

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"Mergers & Acquisitions in the Web Hosting Industry" Joe Bardenheier & Hillary Stiff, HostingCon 2007 Panel #205

  • 1. Mergers & Acquisitions in the Web Hosting Industry Joe Bardenheier Endurance International Group, Inc. Hillary Stiff C HEVAL C APITAL , I NC .
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Market Conditions - Multiples 2.5x – 7.0x 1.0x – 2.5x Multiple of Annual Revenue 2x – 4x 0.5x-1.2x digitalNation C HEVAL C APITAL, I NC.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15. Example Brands Endurance International Group, Inc.
  • 16.