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Industry Update: E-Commerce Industry M&A Update – October, 2016

October, 2016.

E-Commerce M&A continues to see strong activity. YTD 2016 transaction volume of 327 exceeded 2015 levels.  During 2015, there were 320 transactions.

For Year-to-Date 2016, strategic buyers accounted for 87% of the e-commerce M&A transactions with financial buyers making up the difference.  During 2015, strategic buyers accounted for approximately 80% of the transactions.

For announced transactions, e-commerce multiples saw 9.3x EBITDA and 1.3x revenue in YTD 2016.

Peakstone equally weighted e-commerce index continues to outperform the S&P 500.

Notable publicly announced transactions:

– Tractor Supply Company acquired Petsense, Inc. for approximately $120 million.

– UniFirst Corp. acquired Arrow Uniform-Taylor LLC for approximately $120 million.

– LeftLane Sports, Inc. acquired Retail Innovation Group, Inc. for approximately $19 million.

– Hudson’s Bay Company entered into a definitive agreement to acquire Gilt Groupe Inc. for approximately $250 million.

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