NEW YORK | October 19, 2017 – Drake Star Partners is pleased to announce the nomination of one of its deals for two awards at the 16th M&A Advisor Awards, in New York: “Information Technology Deal of the Year (from $50MM-$100MM)” and “Private Equity Deal of the Year (from $50MM-$100MM)”. The awards will be presented at the 16th Annual M&A Advisor Awards Gala on November 13th 2017 at the Metropolitan Club in New York.
Drake Star Partners was nominated twice for its role as exclusive investment banking advisor to Coretelligent and its investment by VSS.
Coretelligent is a leading provider of private cloud and IT managed services supporting small and mid-sized businesses. VSS is a leading private investment firm that invests in the information, education, healthcare IT and tech-enabled business services sectors in North America and Europe. VSS invested back in November 2016 in partnership with Coretelligent’s existing management team to continue to build and support the comprehensive suite of managed IT and private cloud services that Coretelligent has developed, leading the company to more than triple revenue over the last 3 years.
Based in the firm’s New York office, Jeff Baker, the lead Partner on the Coretelligent deal, commented: “Coretelligent is a preeminent leader in the managed services marketplace. We are proud to have helped Coretelligent’s Founder and CEO Kevin Routhier identify VSS – a well-regarded private investment firm – as the best possible partner to achieve its next phase of growth. As such, it is an honor to have M&A Advisor acknowledge our work around this transaction by nominating us as one of their 2017 award finalists.”
Gregory Bedrosian, Managing Partner & Co-CEO of Drake Star Partners, commented: “We are thrilled to have been nominated not once, but twice for this deal and to be shortlisted among such highly-regarded dealmakers. The Coretelligent deal – along with the recognition it garnered – exemplifies Drake Star’s sector expertise which is rooted in a deep understanding of Coretelligent’s market and growth opportunities within the IT Services sector.”
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