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

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.


For further inquiries, please contact:

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

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