Drake Star Partners Announces Record H1 2017

31 Jul 2017

Global investment bank Drake Star Partners reported a record first half 2017 when compared to its H1 2016. The firm has successfully closed 18 transactions in 2017 year-to-date against 14 deals closed over the same period in 2016 (on a total of 28 transactions in 2016).

These transactions contribute to cement Drake Star’s position as a leader in global M&A and fundraisings for the technology, media and communications (TMC) growth and mid-cap sectors. This latest milestone brings the firm’s total number of transactions completed to over 300 since 2004, 70% of which are cross-border.

Drake Star’s latest track record also highlights the firm’s deep sector expertise in TMC, with transactions ranging across the following sectors since January 2017: Enterprise Software, SaaS Solutions, AdTech/MarTech, Internet of Things, Communications Technology, Communication Services, P2P Marketplaces, FinTech, E-Commerce Marketplaces, Security Solutions, Photonics Solutions, Telecom Infrastructure Services, IT Services, etc.This sector focus reflects Drake Star’s commitment to growth stage companies, with ongoing M&A and Corporate Finance deals ranging between $10m-$500m.

As part of its ongoing growth strategy, Drake Star also announced that it is accelerating its recruitment program at all levels of management, both in Europe and in the USA. In particular, it is searching for some 8 new TMC experienced partners across its offices in New York, Paris, London, Munich and Amsterdam.

Drake Star’s Co-CEO Marc Deschamps commented: “We are witnessing a strong momentum in our core markets: the number of completed transactions is significantly up and so is the number of mandates currently under management this year. We see this both in terms of volume and size of transactions. Our clients do recognize the unique delivery provided by our broad international reach and deep sector expertise.”

“Entrepreneurs come from diverse backgrounds: they have ideas and business models designed to change the world – not just local markets”, noted Gregory Bedrosian, Co-CEO at Drake Star. He continued: “We believe in a new type of investment bank, one that can rapidly deploy its extensive network of corporate and financial investors, but that also bears a genuine understanding of core strategic and transactional considerations. As such, we have developed a unique investment banking platform, with innovative processes, a unique culture and an international talent pool that is committed to all our clients’ growth objectives, whether they are entrepreneurs, financial investors or multinational corporations.”

Earlier this year, Drake Star Partners made a number of corporate announcements, highlighting two major senior recruits, its market research capability within the technology, media and communications sectors, and its global recognition in 2017 as an award-winning firm.