News

Drake Star Mid-Year Announcement

NEW YORK | July 19, 2021 - Tech investment bank Drake Star Partners is very proud to announce a record 28 transactions completed in the first half of 2021, reaching Top 3 tech investment bank H1 globally*.

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Our data-driven highlights for the first half of this year:

  • 28 deals closed or announced.
    • 86% up compared to H1 2020.
  • Across 11 countries in Europe, America and Asia, 19 cross-border of which 9 transcontinental.
  • Nº3 on league tables*:
    • Up from 5 in 2020.

                       *PitchBook, TMT M&A and PP, mid-cap (<$500m), Europe and North America, H1 2021.

Tech focus examples:
  • 6 in IT Services. 10 deals in past 13 months in IT Services – leading cloud and digital transformation transactions.
  • 6 in Mobility and Energy Transition.
  • But also 5 in Digital Media, 3 in Fintech, 2 in Enterprise Software.

More stats:

  • 17 with strategic partners, 11 with PE partners.
  • 8 with an ESG component.
  • 20 M&A / 7 Private Placements / 1 SPAC.
  • Over 13 with Private Equity firms.

Some of our landmark deals:

  • In IT Services: Thrive Networks, a leading provider of technology managed services, recapitalization with Private Equity Court Square Capital.
  • In Marketplaces: Parcel delivery marketplace Parcel2Go majority sale to Private Equity firm EQT.
  • In Mobility: EV technology WallBox, a pending SPAC transaction.
  • In Fintech: Wealth Tech platform Elinvar GmbH’s Series C funding round with Toscafund Asset Management.
  • In Software HR Tech: Human capital management solution HIREtech sale to Equifax.
  • Industrial Tech: Fluid dynamic simulation software NUMECA International SA sale to Cadence Design Systems.
  • In the Gaming industry: AAA game studio Echtra Games Inc. sale to Zynga.

And very importantly...

  • The addition of 20 new bullpen employees across our offices worldwide, 6 senior or country advisors, and 2 new partners in H1.
  • We are recruiting – contact us at contact@drakestar.com

Thank you to everyone that has made H1 2021 our best half-year YET, with a special thanks to everyone at the Drake Star Partners family, it is your hard work and dedication that has taken us to where we are.

Inquiries

For further inquiries, please contact:

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Gregory Bedrosian
Managing Partner & CEO, Member of the Executive Committee Consumer & Retail Tech Digital Media Digital Services
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