“In our Q1 update, we provide our insights on COVID-19’s impact on the wider consumer internet sector and the sub sectors likely to be affected most. We believe the current market environment is accelerating certain businesses and that there is space for M&A growth in certain sectors. Public valuations have been hit and despite the recent recovery in early April, we expect further downside as pricing readjusts to lower earnings. However, this has been a watershed moment for most categories, accelerating the shift to online and being positive for most marketplaces long-term,” said Alessandro Casartelli, Executive Director at GP Bullhound.
For enquiries, please contact: Alessandro Casartelli, Executive Director, at [email protected]
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound