GP.BullhoundConsumer Internet Market PerspectivesH12019Consumer Internet perspectives Executive SummaryGP Bullhound is a leading technology advisory and investment firm,providing transaction advice and capital tocategory leaders with a focus on consumer internet globallyWe publish our inaugural Consumer Internet market report to provide quantitative insights into public and privatemarket valuations across the transaction spectrum,and qualitative insights into company business models,technology and customer trendsBased in our London office,Alessandro Casartelli heads up our Consumer Internet practice which hascompleted over 20 transactionsWe also feature many of the leading Consumer Internet companies CEOs across sectors which we findinteresting at the moment given the complete transition to digital,the increasing importance of User Experienceand the emergence of online companies transforming the Retail,Real Estate,Mobility,Travel HospitalitySeveral of our recent Consumer Internet advisory transactions and investments are showcased belowBCG=AutoTraderGlovojobandtalentAvitoSold toApaxGP.BullhoundGP.BullhoundGP.Bullhound21Key Sector Takeaways2Recent Consumer Internet Transaction Trends3Public Market Consumer Internet Analyses4Consumer Internet CEO Commentary5Key Consumer Internet Metrics6Appendix A:Consumer Internet PublicComparables by CategoryAppendix B:GP Bullhound Consumer InternetReport Overview,Credentials TeamGP.Bullhound3Current trends in Consumer InternetDigital Classifieds undergo new wave of corporate activity2Online fashion goes through next stage of innovationA new ecosystem in Residential Real Estate and Hospitality ManagementA tranformational year for the large mobility companiesGP.Bullhound4Current trends in Consumer InternetBCGAvitoApaxNASPERSEV:N/AEV/Rev:N/ADeal Dale:09/05/2019ZooplaSILVERLAKENASPERSEV:N/AEV:$29bnEV/Rev:N/AEV/Rev:7.9xOnline fashion goes through next stage ofThe RealRealIPOBurdaPrincipalEV:$2.2bnEV/Rev:7.2xEV/Rev:N/ADeal Dale:01/02/2019REVOLVEdepopIPOATLANTICEV:$2.5bnEV:N/AEV/Rev:2.5xEV/Rev:N/ADeal Date:07/06/2019M&AGP.BullhoundPP5IPO