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1、WWW.DRAKESTAR.COMGLOBAL HR TECH REPORTQ2 2023Q2 DRAKE STAR AT A GLANCEWHY OUR CLIENTS CHOOSE US100%TECH-FOCUSEDDeep sector expertise in 7 core tech verticalsLEADER IN MID-MARKET TECH INVESTMENT BANKINGOnly boutique in global top 10INDEPENDENT AND PARTNER-LEDPartner-owned investment bank with an entr

2、epreneurial teamEXTENSIVE M&A AND CORPORATE FINANCE EXECUTION SKILLSExecuting a wide range of transactions including Strategic M&A,PE Buyouts,Private Placements,Buy Side,and Carve Outs dealsGLOBAL REACH COMBINED WITH LOCAL PRESENCEOne of the largest tech teams with over 100 professionals in the US,E

3、urope and Middle EastSTRONG TRANSACTION TRACK RECORDOver 450 transactions completed incl.numerous tech landmark dealsRECOGNIZED BY THE INDUSTRY8x investment bank of the year33x deal of the year5x leadership Ralf Philipp Hofmann Ralf Philipp Hofmann Managing Partner and Member of Global ExComMUNICH+4

4、9 173 3930 070 Jim HolzerJim HolzerManaging PartnerNEW YORK+1 212 5087 Note:Selected deals*Deals executed by Partners of Drake SSALE TOPortfolio company ofSTRATEGIC GROWTH INVESTMENT BYSALE TOPortfolio company ofSALE TOSALE TOPortfolio company ofMAJORITY SALE TOPRIVATE PLACEMENTPRIVATEPLACEMENTSALE

5、TOIPOSALE TOSALE TOSALE TOSALE TOSALE TODIVESTURE OF AMACOM TOA subsidiary ofHR TechDIVESTURE OF AMACOM TOA subsidiary ofACQUISITION OFSALE TO*A subsidiary ofSale ofa portfolio company of&OUTSTANDING TRACK RECORD IN HR TECH DEALMAKINGHR TECH MARKET UPDATESTRONG MARKET TRACTION DESPITE ECONOMIC UNCER

6、TAINTYHR Tech transactions in Q1 2023240$31.5bnGlobal HR Tech market volume in 2022$14.9bn+Total invested capital in HR Tech in Q1 20231+9.1%Expected market growthin 2023Notes:1)Including Qualtrics transaction representative of$12.5bnSources:Pitchbook,IMARC Research,Gartner,DS Research46%HR Tech45%4

7、1%Rewards41%Learning&DevelopmentKey HR Investment Areas in 2023Investment Investment focusfocus ofof HR HR leadersleaders(%rate states the share of executives that will investin respective area)Staffing&RWhat trends and challenges do you see in HR tech in 2023&how will What trends and challenges do

8、you see in HR tech in 2023&how will BeameryBeamery address them?address them?INDUSTRY Q&A:ABAKAR SAIDOV|BEAMERYHR TECH Q&A WITH LEADING INDUSTRY INNOVATORSTalent acquisition and management has changed hugely in the last few years:there hasbeen a seismic shift in the expectations of the workforce,and

9、 huge talent gaps created.With a challenging economy and tight labor market,the ability to pivot workforceagility has never been more important.Organizations that are able to reskill,redeployand retain top talent with ease will not only survive but thrive.Agility is only achievable with a holistic a

10、pproach.Its not possible to move quickly andmake decisions that benefit the entire organization with a siloed mentality,without acommon language and understanding.With this in mind,talent leaders need to develop strategies for managing talent acrossits whole lifecycle from attracting potential candi

11、dates at the top of the funnel,throughto development,promotion and beyond.They need a skills-based approach that relieson looking at candidates and employees holistically,by considering both their currentand future skills,and understanding the drivers of their ambitions and professionalgoals.This co

12、mmon language of skills allows you to match people with work to bedone,at scale.Thinking strategically and taking a talent-first,skills-based approach provides a deeper,more granular view of talent,giving teams a richer data source to make smarterdecisions around hiring,reskilling,and redeploying ta

13、lent,and restructuring teams.Businesses can start to forecast their skill needs and create more tailored talentdevelopment journeys.And it drives real value for a business,widening the talent pool,and enabling better internal talent mobility,retention and performance.Abakar Saidov CEO&Co-FounderAbak

14、ar leads Beamerys mission to ensure that everyone has equal access to work,engaging with stakeholders to drive talent strategies that will unlock the skills and potential of their global workforcePrior to Beamery,Abakar worked at Goldman Sachs and Francisco PartnersBeameryBeamery provides a leading

15、talent lifecycle management platform provides a leading talent lifecycle management platform designed to help enterprises to attract,identify and engage designed to help enterprises to attract,identify and engage candidates on one unified platformcandidates on one unified platformAbakar Saidov CEO&C

16、o-FounderEmployees400$230m2013FoundedHQUKThe need for agile workforce management has become increasingly The need for agile workforce management has become increasingly apparent in recent years.Which role does talent lifecycle apparent in recent years.Which role does talent lifecycle management play

17、 in this context?management play in this context?Raised to DBeamerys Talent Lifecycle Management platform empowers companies tounderstand the skills and capabilities they have,build more agile workforceplans,and attract,retain,upskill and redeploy their workforce.With Beamery,organizations are able

18、to navigate change at speed,retain critical skill sets,foster DE&I and build the workforce of the future.Companies using Beamery geta full picture of their talent,with one dynamic database of candidates andemployees.They can understand the skills of everyone who has ever worked forthem or shown an i

19、nterest in doing so.Peoples profiles can be imported fromsites like LinkedIn in one click,and are kept up to date automatically.(Beameryintegrates and synchronizes with other HR technology,so the data it holds isalways accurate and complete).Companies then use the skills data inside the platform to

20、match individuals toopportunities recommending new roles,gigs,projects,learning programs,mentors and more.This is done through explainable AI Artificial Intelligencethatworksoutapersonsskills,proficiency,potentialandseniority,torecommendsuitablevacancies.CustomersrealizemanybenefitsfromBeamerys tale

21、nt lifecycle management solution.It helps organizations removemuch of the human bias from HR processes,and boost diversity.It also helpsthem move quickly when it comes to moving employees around,in times ofchange,and plan for the future.It helps organizations spot skills gaps beforethey become a mas

22、sive problem,and line up the right development options forthe people who need it before they get bored and leave.It is invaluable forsupporting better decisions around hiring,retention and development.Having anentire talent universe at their fingertips means businesses using Beamery canbe far more a

23、gile and INDUSTRY Q&A:ABAKAR SAIDOV|BEAMERYHR TECH Q&A WITH LEADING INDUSTRY INNOVATORSGenerative AI has been a huge talking point in the HR tech space,and willcertainly continue to be one for the foreseeable future.While holding thepotential to unlock better experiences across the HR ecosystem,and

24、greaterefficiencies in HR teams,generative AI is not without its risks.Beamery recently announced TalentGPT:the worlds first generative AI for HR,which will offer intuitive and personalized experiences.It uses Beamerysproprietary AI,as well as OpenAIs GPT-4 and other leading Large LanguageModels(LLM

25、s),in order to deeply personalize the insights and recommendationsprovided to the user and generate content that adapts dynamically to changingrequirements.Deploying multi-purpose LLMs via TalentGPT means Beamery canhelpbusinessesmitigatetheriskstypicallyassociatedwithleveragingstandalone AI tools o

26、r consumer-grade AI that has not undertaken the rigorousaudit and bias mitigation as Beamerys explainable AI.Another big talking point in 2023 will be the consolidation of HR tools andtechnology,and integrating data.The launch of Beamerys Universal SkillsPlatform last year was an important developme

27、nt in this area,automating dataprocesses to keep skills timely with a single,dynamic taxonomy,and makingskills transferable between systems for the first time.Through the Universal SkillsPlatform,clients can get a single source of truth around skills data;higher qualityskills insights,with total con

28、text around candidates skills,proficiency,andpotential;and flexibility to add new sources of data.Personalization is a talkingpoint that is also front of mind for HR teams.Beamery is leading the way inhelping companies personalize the talent experience and has innovated thepower of skills intelligen

29、ce and explainable AI to improve the experience acrossand throughout the talent lifecycle.What trends and challenges do you see in HR tech in 2023&What trends and challenges do you see in HR tech in 2023&how will how will BeameryBeamery address them?address them?What is the main driver for customers

30、 to adopt What is the main driver for customers to adopt BeamerysBeameryssolution and how does it change their daysolution and how does it change their day-toto-day business day business operations?operations?Abakar Saidov CEO&Co-FTALENT ACQUISITIONOVERALL HR TECH MARKET UPDATEOVERALL HR TECH MARKET

31、 UPDATEHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTABOUT DRAKE STAR07192737AGENDADRAFTTalent AcquisitionSourcingRecruitment MarketingSelectionSuite/EngagementOnboardingHuman Capital ManagementHRIS/PayrollBenefitsWorkforce ManagementContingent LaborTalent ManagementCompensation DEI/CompliancePerformanc

32、e&SuccessionLearning&DevelopmentEmployee EngagementHR AnalyticsDRAKE STARS HR TECH UNIVERSE COVERING THE ENTIRE VALUE CHAINTALENT ACQUISITIONTALENT ACQUISITIONHUMAN CAPITAL MANAGEMENTHUMAN CAPITAL MANAGEMENTTALENT MANAGEMENTTALENT MANAGEMENTSuite/Suite/EngagementEngagementLearningLearning&Developmen

33、tDevelopmentPerformance Performance&SuccessionSuccessionWorkforce Workforce ManagementManagementHR AnalyticsHR AnalyticsHRIS/HRIS/PayrollPayrollCompensationCompensationContingent Contingent LaborLaborB BenefitsenefitsSelectionSelectionEmployee Employee EngagementEngagementOnboardingOnboardingDEI/DEI

34、/ComplianceComplianceSourcingSourcingRecruitment Recruitment Marketing Marketing REPRESENTATIVE HR TECH MARKET LANDSCAPEHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTTALENT ACQUISITIONTALENT ACQUISITION-11.1%-34.7%-1.9%Source:Capital IQ as of March 31,2023(equal

35、ly weighted)CAPITAL MARKET ENVIRONMENTLAST 24 MONTHS SHARE PRICE PERFORMANCE-50.0%-40.0%-30.0%-20.0%-10.0%0.0%10.0%20.0%30.0%40.0%Apr2021May2021Jun2021Jul2021Aug2021Sep2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Ta

36、lent AcquisitionHuman Capital Management/Talent ManagementNASDAQ Composite I6.1x3.5x2.5xCAPITAL MARKET ENVIRONMENTLAST 24 MONTHS EV/LTM REVENUE0.0 x1.0 x2.0 x3.0 x4.0 x5.0 x6.0 x7.0 x8.0 xApr2021May2021Jun2021Jul2021Aug2021Sep2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022Jul2022

37、Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Talent AcquisitionHuman Capital Management/Talent ManagementNASDAQ Composite IndexHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTTALENT ACQUISITIONTALENT ACQUISITIONSource:Capital IQ as of March 31,2023 16.7

38、x 20.5xCAPITAL MARKET ENVIRONMENTLAST 24 MONTHS EV/LTM EBITDA13.8x0.0 x5.0 x10.0 x15.0 x20.0 x25.0 x30.0 x35.0 x40.0 xApr2021May2021Jun2021Jul2021Aug2021Sep2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Talent Acquisi

39、tionHuman Capital Management/Talent ManagementNASDAQ Composite IndexHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTTALENT ACQUISITIONTALENT ACQUISITIONSource:Capital IQ as of March 31,2023 HR Tech share price drops beginning at the end of 2021 were mainly driven

40、by rising interest rates and a generally negative market sentiment temporarily weighing against overall strong HR Tech markets in the post pandemic time From Q3 2022 on,a rebound could be observed in the HCM/Talent Management verticals As investors are currently focused on high-revenue visibility su

41、bscription-based models,the Talent Acquisition space(commission based)has underperformed both NASDAQ and HCM/Talent Management in Q1 2023Q1Q120232023Q2Q220212021Q3Q320212021Q4Q420212021Q1Q120222022Q2Q220222022Q3Q320222022Q4Q420222022+12.3%-2.8%-4.4%-11.7%-31.0%-2.8%+0.2%-0.4%1121081069364646665+6.4%

42、+16.6%-3.1%-11.7%-21.9%+4.4%+2.1%+7.7%10612512210784879198+5.8%-0.5%+7.4%-10.2%-21.6%-4.1%-3.2%+16.5%10610511410482777689INDEXINDEXShareShare1)1)PricePriceTalent Talent Acquisition Acquisition IndexIndexINDEXINDEXShareShare1 1)PricePriceHuman Capital Human Capital Management/Management/Talent Talent

43、 ManagementManagementIndexIndexINDEXINDEXShareShare1 1)PricePriceNASDAQNASDAQIndexIndexQUARTERLY PERFORMANCE OFDRAKE STAR HR TECH INDICESCAPTURING THE LAST EIGHT QUARTERS1)Performance today vs.end of previous quarter 2)Indexed to 100 in Q1 2021Source:Capital IQ as of March 31,2023 Source:PitchbookM&

44、AM&A62062049949951851854544645011223344556677889910101111121213131414151516161717181819192020212122222323242425252626272728282929303031313232333334343535363637373838393940404141424243434444454546464747484849495050515152525353545455555656Q2 2022Q3 2022Q4 2022Q1 2023Disclosed Deal Value$mDeal Count13,

45、470(estimate)4545transaction in Q1 2023$12.5bn12.5bnlargest disclosed deal in Q1 2023(Qualtrics)36%36%European share of global deal making193 193 private placements in Q1 2023$500m$500m largest funding round in Q1 2023(Rippling)31%31%European share of global deal makingPRIVATE PLACEMENTSPRIVATE PLAC

46、EMENTS4,5304,5301,5201,5201,1401,1401,4501,45028724918321103581013151820232528303335384043454850535558606365687073757880838588909395981001031051081101131151181201231251281301331351381401431451481501531551581601631651681701731751781801831851881901931951982002032052082102132152182202232252282302332352

47、38240243245248250253255258260263265268270273275278280283285288290293295298300303Q2 2022Q3 2022Q4 2022Q1 2023Disclosed Deal Value$mDeal CountHR TECH M&A&PRIVATE PLACEMENT ACTIVITYDEVELOPMENT OVER THE LAST FOUR QUARTERSLANDMARK DEAL SILVER LAKES ACQUISITION OF QUALTRICSTAKE PRIVATE TRANSACTION Sources

48、:Pitchbook,DS ResearchAll-cash acquisition to take Qualtrics private($12.5bn)20232023$670m of development capital from Silver Lake and SoftBank2021202120192019SAP acquires Qualtrics for$7.4bn20222022Raised$1bn in IPO on the Nasdaq stock exchangeACQUIRED BYRyan SmithRyan SmithFounder&ChairmanQualtric

49、sI couldnt be more excited for this step in ourjourney.Silver Lakes belief in our vision and theiramazing track record of helping founders andmanagement teams speaks for itselfAbout QualtricsQualtrics,the leader and creator of the experience management category,is a cloud-native software provider th

50、at helps organizations to identify and resolve points of friction across all digital and human touchpoints in their business.More than 18k organizations around the world use Qualtricss advanced AI to listen,understand,and take action.Qualtrics is co-headquartered in Provo,Utah and Seattle,and operat

51、es out of 28 offices globallyAbout Silver LakeSilver Lake is a global technology investment firm,with more than$92 billion in combined assets under management and a team of professionals based in North America,Europe and Asia.Silver Lakes portfolio companies collectively generate more than$272 billi

52、on of revenue annually and employ more than 600k people globallyQualtrics Deal HistoryTransaction BackgroundSilver Lake and its co-investors,together with CPP Investments,acquired 100%of the outstanding shares,including the entirety of SAPs majority ownership stake(SAP received$18.2 per share in cas

53、h representing a 73%premium to the 30-day volume weighted average price)Qualtrics becomes an independent,privately held company positioned to drive category-defining innovation and efficient growth at scale on its path to becoming the next leading enterprise cloud software platform$400m of venture f

54、undingSeries A-C2012 2012-1)Numbers display total funding as of Q1 2023 2)By number of investments in the LTMSource:Pitchbook1,1971,1971,0731,073818818751751725725680680680680500500496496496496451451441441435435429429397397InvestorInvestorSelected InvestmentsSelected InvestmentsNumber of Investments

55、Number of InvestmentsThe top 15 funded private companies have raised$9.6bn during their lifespanTop 15 Best Funded Private HR Tech Companies(in$m)1)Top 15 Most Active Financial Investors in HR Tech LTM2)88891010111112121213151935INSTITUTIONALLY BACKED PRIVATE COMPANIES&INVESTORS LIST OF BEST FUNDED

56、PRIVATE COMPANIES AND MOST ACTIVE FINANCIAL INVESTORS IN HR TECHGastromatic was acquired by The Riverside Company Gastromatic is a developer of workforce planning and scheduling software designed to serve frontline workers Riverside has a global network and significant resources to accelerate gastro

57、matics growth trajectory,with an emphasis on product innovation and customer experienceintelliHR was acquired by Humanforce intelliHR offers a human resource cloud-based platform that offers analytics,people management,and automation The acquisition will strengthen humaforcesleading market position

58、in workforce managementPlano was acquired by AllegionDeveloper of workforce scheduling software based in GermanyThe acquisition will accelerate seamless access,driving expansion of Interflex,a subsidiary of Allegion and its AWFM business with new capabilities in SaaS models and recurring revenue sol

59、utionsSources:Pitchbook,Mergermarket,Capital IQ,DS ResearchTalent AcquisitionHuman Capital ManagementTalent Management January 31,2023NOTABLE HR TECH M&A DEALS IN Q1 2023EV:n.aFebruary 10,2023EV:$56mEV:$200mJanuary 26,2023NextStep was acquired by CareAcademy NextStep is a developer of a learning and

60、 hiring platform designed to train and provide job placements to individuals The acquisition aims to expand CareAcademysfootprint as the training solution of choice across the caregiver ecosystemCitrusHR was acquired by Alcumus Provider of payroll and human resource management services intended to s

61、erve small and medium-sized companies Deal rationale includes the support of international growth and transition to SaaSMarch 21,2023EV:n.aEV:n.aJanuary 03,Deal Size:$500mRippling raised Series E venture funding Provider of an employee management platform intended to help eliminate the administrativ

62、e work of running a company The funds will be utilized to further grow the platform and customer base MentorcliQ raised later stage venture funding Developer of a cloud-based employee-mentoring platform designed to increase employee engagement and retention The funds will be utilized to grow its emp

63、loyee mentoring software and servicesWelcome to the Jungle raised Series C venture fundingDeveloper of an online job platform intended to assist through the process of employmentThe funds will be used to further expand commercial traction in the US and Europe Sources:Pitchbook,Mergermarket,Capital I

64、Q,DS ResearchTalent AcquisitionHuman Capital ManagementTalent Management March 09,2023January 05,2023March 01,2023Rankmi raised Series A venture funding Developer of a people management platform designed to automate human resource processes The funds will be used to support the acceleration of the t

65、echnology utilized throughout the platformSwarm Vision raised seed funding Developer of a talent analytics platform designed to identify innovative talent among a companys workforce The funds will be used to further expand the tech platform NOTABLE HR TECH PRIVATE PLACEMENTS IN Q1 2023March 13,2023J

66、anuary 26,2023Deal Size:$80mDeal Size:$54mDeal Size:$48mDeal Size:TALENT ACQUISITIONTALENT ACQUISITIONOVERALL HR TECH MARKET UPDATEHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTABOUT DRAKE STAR07192737AGENDATALENT ACQUISITIONTALENT ACQUISITION-34.7%-11.1%Source:Capital IQ as of March 31,2023CAPITAL MARK

67、ET ENVIRONMENT TALENT ACQUISITIONLAST 24 MONTHS SHARE PRICE PERFORMANCE-50.0%-40.0%-30.0%-20.0%-10.0%0.0%10.0%20.0%30.0%Apr2021May2021Jun2021Jul2021Aug2021Sep2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Talent Acqui

68、sitionNASDAQ Composite I1.6x5.7x7.8x2.8x4.6x2.1x1.9x1.9x1.8x3.0 x2.7x5.9xCAPITAL MARKET ENVIRONMENT TALENT ACQUISITION EV/REVENUE 2023E40,482 30,545 6,659 2,189 1,977 1,659 1,481 1,354 1,349 1,104 988 964 12.4%4.0%22.1%4.9%27.8%2.4%9.9%17.8%0.1%9.9%2.5%17.9%17.5%32.4%35.8%28.7%20.8%11.1%17.4%NM21.1%

69、NM25.5%47.7%Source:Capital IQ as of 31.03.2023 EV($m)Revenue CAGR 2021-2023EBITDA Margin 2022Median:Median:CAPITAL MARKET ENVIRONMENT TALENT ACQUISITION EV/EBITDA 2023E10.6 x17.2 x17.6 x9.0 x19.3 x9.1 x7.2 xNM8.0 x21.3 x8.3 x13.5 xMedian:Median:10.6x10.6x40,482 30,545 6,659 2,189 1,977 1,659 1,481 1

70、,354 1,349 1,104 988 964 12.4%4.0%22.1%4.9%27.8%2.4%9.9%17.8%0.1%9.9%2.5%17.9%17.5%32.4%35.8%28.7%20.8%11.1%17.4%NM21.1%NM25.5%47.7%EV($m)Revenue CAGR 2021-2023EBITDA Margin 2022Source:Capital IQ as of 31.03.2023 28 40,482 44,600 12.4%13.1%17.5%14.7%2.0 x1.7 x1.6 x15.1 x9.8 x10.6 x202 30,545 24,921

71、4.0%33.1%32.4%33.4%6.2 x6.0 x5.7 x18.8 x18.4 x17.2 x16 6,659 5,810 22.1%34.9%35.8%44.5%11.7 x8.7 x7.8 x33.5 x24.1 x17.6 x14 2,189 2,025 4.9%29.0%28.7%31.2%3.1 x2.7 x2.8 x10.6 x9.4 x9.0 x58 1,977 2,233 27.8%10.6%20.8%24.0%7.6 x6.0 x4.6 x71.4 x28.9 x19.3 x16 1,659 1,670 2.4%3.8%11.1%23.4%2.2 x1.8 x2.1

72、 x59.5 x16.6 x9.1 x11 1,481 1,062 9.9%13.4%17.4%26.6%2.3 x1.9 x1.9 x17.3 x11.1 x7.2 x11 1,354 1,459 17.8%NMNM2.5%2.7 x2.2 x1.9 xNMNMNM11 1,349 809 0.1%18.0%21.1%23.2%1.8 x1.7 x1.8 x10.2 x7.9 x8.0 x34 1,104 1,272 9.9%NMNM14.1%3.6 x3.2 x3.0 xNMNM21.3 x183 988 1,030 2.5%25.9%25.5%32.6%2.8 x2.8 x2.7 x11

73、.0 x10.9 x8.3 x13 964 890 17.9%50.4%47.7%43.4%8.2 x7.1 x5.9 x16.2 x14.8 x13.5 xMEAN11.0%23.2%25.8%26.1%4.5 x3.8 x3.5 x26.4 x15.2 x12.8 xMEDIAN9.9%22.0%23.3%25.3%3.0 x2.7 x2.7 x16.8 x12.9 x10.6 xCompanyCompanyHQHQEnterprise ValueEnterprise Value($m)Revenue CAGRRevenue CAGR21a-23eShare PriceShare Pric

74、e($)Market CapMarket Cap($m)EV/EBITDA2021a2023e2022eEBITDA Margin(%)2021a2023e2022eEV/Revenue2021a2023e2022ePUBLIC COMPANY TRADING ANALYSIS TALENT ACQUISITION Source:Capital IQ as of 31.03.2023 1)Numbers display total funding as of Q1 2023 2)By number of investments in the LTMSource:Pitchbook1,0731,

75、073680680435435429429378378350350322322303303248248228228227227217217215215205205194194InvestorInvestorSelected InvestmentsSelected InvestmentsNumber of InvestmentsNumber of InvestmentsThe top 15 funded private companies have raised$5.5bn during theirlifespanTop 15 Best Funded Private Talent Acquisi

76、tion Companies(in$m)1)Top 10 Most Active Financial Investors in Talent Acquisition LTM2)171712129 99 98 87 77 76 66 65 5The top 10 most active financial investors have closed 86 Talent Acquisition transactions in the LTM VENTURE-BACKED PRIVATE COMPANIES&INVESTORS TALENT ACQUISITIONTalentMatch was ac

77、quired by Moniepoint Operator of a human resource platform designed for hiring and paying technology professionalsTalVista was acquired by Clovers Developer of talent acquisition platform designed to streamline the hiring process and deliver quality candidates to an organization Acquisition rational

78、e includes the acceleration of an inclusive talent acquisition platform Troopers was acquired by Betterplace The companys digital mobile platform provides employers with a wide talent pool for all types of part-time,one-off gigs,enabling clients to have access to a safe and quality pool of recruiter

79、s and job seekers Deal rationale includes the further expansion into Southeast AsiaTriplebyte was acquired by KaratOperator of a recruitment platform intended to find a suitable workplace for job seekersThis acquisition creates the only end-to-end solution that helps companies evaluate developer tal

80、ent from preliminary assessment to in-depth interviewsSources:Pitchbook,Mergermarket,Capital IQ,DS ResearchNOTABLE M&A DEALS IN Q1 2023 TALENT ACQUISITIONQualified was acquired by Andela Developer of an online assessment platform intended to identify great engineering candidates based on real code c

81、hallenges Andela expands and accelerates our ability to source and expertly assess talentMarch 09,2023March 16,2023EV:n.aMarch 30,2023EV:n.aEV:n.aJanuary 24,2023EV:n.aMarch 31,2023EV:January 10,2023Medwing raised Series C venture funding Operator of a staffing platform intended to arrange short-term

82、 and permanent jobs in the healthcare industry The funds will be used to expand to other European countries to become the leading healthcare job marketplace in EuropeChronically Capable raised seed funding Developer of a recruitment platform intended to eliminate the unemployment rate for disabled a

83、nd chronically ill persons The funds will be used to further develop the platformHowdy raised Series A venture fundingOperator of a hiring company intended to hire engineering talentThe funds will be used to grow its presence in the U.S.and scale the productSources:Pitchbook,Mergermarket,Capital IQ,

84、DS ResearchNOTABLE PRIVATE PLACEMENTS IN Q1 2023 TALENT ACQUISITIONGreeting raised early-stage venture fundingDeveloper of recruitment management software intended to provide on-demand recruitment informationThe funds will be used to strengthen its capabilitiesWorkLLama raised later stage venture fu

85、nding Developer of a recruitment platform designed to solve the problem of talent recruitment and retention for supply chain and logistics organizations The funds will be used to accelerate product enhancements to keep its competitive edge,embark on strategic acquisitions over the next 12 months,inv

86、est in continued automation,and continue to expand its presenceUndisclosed Investors Deal Size:$50mMarch 15,2023February 02,2023February 15,2023February 24,2023Deal Size:$47mDeal Size:$18mDeal Size:$9mDeal Size:$TALENT ACQUISITIONOVERALL HR TECH MARKET UPDATEHUMAN CAPITAL MANAGEMENT/TALENT HUMAN CAP

87、ITAL MANAGEMENT/TALENT MANAGEMENTMANAGEMENTABOUT DRAKE STAR07192737AGENDAHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTHUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENT-1.9%-11.1%Source:Capital IQ as of March 31,2023CAPITAL MARKET ENVIRONMENT HUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTLAST 24 MONTHS SHARE PRICE

88、 PERFORMANCE-30.0%-20.0%-10.0%0.0%10.0%20.0%30.0%40.0%Apr2021May2021Jun2021Jul2021Aug2021Sep2021Oct2021Nov2021Dec2021Jan2022Feb2022Mar2022Apr2022May2022Jun2022Jul2022Aug2022Sep2022Oct2022Nov2022Dec2022Jan2023Feb2023Mar2023Human Capital Management/Talent ManagementNASDAQ Composite I337,116 152,417 91

89、,892 50,063 39,449 16,946 12,147 10,778 10,678 4,938 4,546 1,470 1,072 11.0%6.1%10.8%20.0%11.8%26.9%20.6%35.5%3.3%-47.3%24.4%48.4%32.3%43.6%20.8%27.2%4.4%44.6%30.8%4.5%12.9%21.7%11.6%NM19.5%NMEV($m)Revenue CAGR 2021-2023EBITDA Margin 2022CAPITAL MARKET ENVIRONMENT HUMAN CAPITAL MANAGEMENT/TALENT MAN

90、AGEMENT EV/REVENUE 2023ESource:Capital IQ as of March 31,20236.8x4.3x5.1x8.1x7.9x10.0 x8.1x9.3x4.0 x3.9x8.4x1.9x5.9xMedian:Median:94 337,116 253,565 11.0%44.3%43.6%47.0%8.3 x7.9 x6.8 x18.8 x18.2 x14.4 x126 152,417 146,842 6.1%23.2%20.8%31.9%4.8 x4.6 x4.3 x20.7 x22.2 x13.4 x217 91,892 89,836 10.8%26.

91、5%27.2%27.7%6.3 x5.7 x5.1 x23.8 x21.0 x18.5 x204 50,063 52,935 20.0%1.0%4.4%2.3%11.6 x9.7 x8.1 xNMNMNM111 39,449 40,134 11.8%41.3%44.6%44.5%9.9 x8.7 x7.9 x23.9 x19.4 x17.7 x299 16,946 17,277 26.9%26.9%30.8%41.3%16.1 x12.3 x10.0 x59.6 x40.0 x24.1 x73 12,147 11,324 20.6%1.2%4.5%24.5%11.9 x9.7 x8.1 xNM

92、NM33.2 x194 10,778 10,824 35.5%12.3%12.9%31.2%17.1 x12.7 x9.3 xNMNM29.8 x10 10,678 9,771 3.3%26.2%21.7%23.2%4.3 x4.9 x4.0 x16.3 x22.7 x17.3 x80 4,938 4,816-47.3%11.3%11.6%37.7%1.1 x1.0 x3.9 x9.7 x8.7 x10.4 x26 4,546 4,589 24.4%12.9%NM27.0%13.0 x10.6 x8.4 xNMNM30.9 x2 1,470 1,264 48.4%17.5%19.5%21.0%

93、4.2 x2.1 x1.9 x24.1 x10.6 x9.1 x39 1,072 1,287 32.3%NMNM7.3%10.3 x7.5 x5.9 xNMNMNMMEAN15.7%20.4%22.0%28.2%9.1 x7.5 x6.4 x24.6 x20.4 x19.9 xMEDIAN20.0%20.3%20.8%27.7%9.9 x7.9 x6.8 x22.3 x20.2 x17.7 xCompanyCompanyHQHQEnterprise ValueEnterprise Value($m)Revenue CAGRRevenue CAGR21a-23eShare PriceShare

94、Price($)Market CapMarket Cap($m)EV/EBITDA2021a2023e2022eEBITDA Margin(%)2021a2023e2022eEV/Revenue2021a2023e2022ePUBLIC COMPANY TRADING ANALYSIS HUMAN CAPITAL MANAGEMENT/TALENT MANAGEMENTSource:Capital IQ as of March 31,Top 15 Best Funded Private Human Capital Management Companies(in$m)1)1,1971,19781

95、88187257256806805005004964964964964514514414413813813803803533533143142212212192191)Numbers display total funding as of Q1 2023 2)By number of Investments in the LTMSource:PitchbookThe top 15 funded private companies have raised$7.7bn during their lifespanInvestorInvestorSelected InvestmentsSelected

96、 InvestmentsNumber of InvestmentsNumber of InvestmentsTop 10 Most Active Financial Investors in Human Capital Management LTM2)8 87 76 65 54 44 44 42 22 22 2The top 10 most active financial investors have closed 44 Human Capital Management transactions in the LTM INSTITUTIONALLY BACKED PRIVATE COMPAN

97、IES&INVESTORS HUMAN CAPITAL MANAGEMENTMarch 02,2023February 01,2023EV:n.aEV:n.aMarch 16,2023EV:n.aBleexo was acquired by SilaeDeveloper of human resource platform intended to serve small and medium-sized enterprisesThrough this acquisition,the company will allow Silae to become a complete player in

98、the human resource information system space and address all major human resource issuesCezanne was acquired by NorthEdge Capital Developer of cloud-based human capital management(HCM)software and payroll services intended for charities,law firms and financial services Deal rationale to further advan

99、ce product quality and customer-centric approach and continuing product developmentHumanica was acquired by InterMedical Care and Lab Developer of HCM software and provider of human resource outsourcing and payroll services The acquisition will help InterMedical Care and Lab to penetrate the employe

100、e health examination marketSources:Pitchbook,Mergermarket,Capital IQ,DS ResearchSimpeo was acquired by Group Management Services Developer of a software platform designed to help businesses in payroll managementSELECTED M&A DEALS IN Q1 2023 HUMAN CAPITAL MANAGEMENTProSolution was acquired by Zvoove

101、The company offers SaaS-based enterprise resource planning and human capital management solutions,from recruiting to gross payroll accounting,thereby allowing a cost-effective and user-friendly platform for clients The acquisition is designed to support commercial traction across Europe January 09,2

102、023EV:n.aEV:n.aJanuary 18,February 08,2023January 06,2023January 04,2023February 21,2023Deal Size:$40mFebruary 22,2023Deal Size:$35mDeal Size:$9mDeal Size:$6mDeal Size:$5mBuk raised Series B venture funding Developer of human resources software designed to manage the payroll,contracts,and settlement

103、s with an electronic signature The funds will be utilized to accelerate growth in Mexico and open a new market:BrazilFinch raised Series B venture funding Developer of an application programming interface program designed to access payroll and human resources systems The funds will be used to accele

104、rate connectivity across the employment data ecosystem,investing in new and existing products and expanding the companys team to support customersSources:Pitchbook,Mergermarket,Capital IQ,DS ResearchSELECTED PRIVATE PLACEMENTS IN Q1 2023 HUMAN CAPITAL MANAGEMENTRivet raised Series 3 venture funding

105、Developer of workforce management software designed to make labor and labor organization efficient The funds will be used to accelerate product development and sales expansionDarwinbox raised Series D3 venture funding Developer of software as a service(SaaS)based human resource management(HRMS)platf

106、orm designed to transform the interaction between the workforce and technology The funds will be used for capital expenditure,marketing,and general corporate purposesPalm.hr raises series A ventures funding Developer of human resource management software designed to transform HR processes The funds

107、will be used to scale growth capabilities of the platform to deliver advanced employee service The top 15 funded private companies have raised$3.5bn during their lifespanTop 15 Best Funded Private Talent Management Companies(in$m)1)751397330301228220186178155139120118117110103InvestorInvestorSelecte

108、d InvestmentsSelected InvestmentsNumber of InvestmentsNumber of InvestmentsTop 10 Most Active Financial Investors in Talent Management LTM2)12125 55 53 33 33 32 22 22 21 1The top 10 most active financial investors have closed 38 Talent Management transactions in LTM 1)Numbers display total funding a

109、s of Q1 2023 2)By number of Investments in the LTMSource:PitchbookINSTITUTIONALLY BACKED PRIVATE COMPANIES&INVESTORS TALENT MANAGEMENTFebruary 14,2023January 13,2023February 22,2023February 28,2023January 23,2023Pulses was acquired by Gupy Developer of human resource platform decided to revolutioniz

110、e people analytics applications for HR and leadersRyalto was acquired by nGage Talent Developer of all-in-one communication,employee engagement,and shift-booking platform intended to allow healthcare professionals to choose when and where they want to work The acquisition enables faster growth in th

111、e healthcare and support international expansionSource:Pitchbook,Mergermarket,Capital IQ,DS ResearchEnspire was acquired by Empyrean Benefit Solutions Operator of an employee engagement platform intended to improve the employee experience The acquisition is a result of unique synergies to combine th

112、e platform technology NOTABLE M&A DEALS IN Q1 2023 TALENT MANAGEMENTSaluto was acquired by QwikCilver Developer of an engagement platform for employees,consumers and channel partners of medium and large enterprisesWFHomie was acquired by GoCoDeveloper of employee engagement and culture-building plat

113、form designed to keep distributed teams connected and engagedEV:n.aEV:n.aEV:n.aEV:n.aEV:January 24,2023March 07,2023February 22,2023Tilt raised later stage venture funding Developer of an employee retention platform designed to automate leave workflow management The funds will be used to support its

114、 continued growth to meet the immense demand from the marketProdoscore raised Series A venture funding Developer of a business performance indicator designed to provide visibility into employee activities and output The funds will be used to provide the company with resources for product development

115、,sales and marketing,supporting its ability to meet the growing demand for its offeringSources:Pitchbook,Mergermarket,Capital IQ,DS ResearchNOTABLE PRIVATE PLACEMENTS IN Q1 2023 TALENT MANAGEMENTinclusio raised early-stageventure fundingDeveloper of diversity and inclusion platform designed to make

116、difference count by embracing the demands of future generationsThe funds will be used to support the acceleration of the technology utilized throughout the platformBonsuly raised Series B venture funding Developer of a recognition and rewards platform intended to motivate employees by using peer-to-

117、peer bonuses The funds will be used to enhance the companys recognition platform and analytics capabilities and invest in sales and marketing to further expand go-to-market activitiesRezolve.ai raised Series A venture funding Developer of an employee help desk platform intended to focus on providing

118、 IT helpdesk and HR services The funds will be used to scale growth capabilities of the platform to deliver advanced employee service experienceJanuary 05,2023Deal Size:$20mFebruary 27,2023Deal Size:$11mDeal Size:$10mDeal Size:$8mDeal Size:$TALENT ACQUISITIONOVERALL HR TECH MARKET UPDATEHUMAN CAPITA

119、L MANAGEMENT/TALENT MANAGEMENTABOUT DRAKE STARABOUT DRAKE STAR07192737AGENDADRAKE STARS EXPERTISE AND NETWORK IN THE GLOBAL HR TECH SECTOR,AS WELL AS THEIR OUTSTANDING M&A SKILLS,ENABLED US TO FIND THE RIGHT PARTNER FOR THE NEXT GROWTH CHAPTER OF INGENTIS.Thomas EichingerCEO&FWE ABSOLUTELY MADE THE

120、BEST DECISION WITH DRAKE STAR THEY MASTERFULLY PREPARED US AND HELPED US CONFIDENTLY NAVIGATE THROUGH THE COUNTLESS SUBTLETIES AND NUANCES IN A ONCE-IN-A-LIFETIME TYPE OF TRANSACTION.Tom ShiehCEOTHE ENTIRE DRAKE STAR TEAM HAS DONE AMAZING WORK IN SUPPORTING US TO GET A TOP-QUALITY SOFTWARE INVESTOR

121、ONBOARD.THEIR PROFESSIONALISM,DETAIL ORIENTATION AND ENTERPRISE SOFTWARE KNOWLEDGE HAVE BEEN FUNDAMENTAL TO THE SUCCESS OF THIS DEAL.Oliver ZellerCEO&FBrian CameronCEOWE WERE BLOWN AWAY BY THEIR KNOWLEDGE OF THE MARKET,CONNECTIONS TO KEY DECISION MAKERS IN THE INDUSTRY,THE QUALITY OF THEIR ANALYSIS

122、AND WORK PRODUCT,AND THE TEAMS DEDICATIONREACTIONS TO OUR HR TECH RESEARCH INDUSTRY LEADERS ARE FOLLOWING DRAKE STARS RESEARCH REPORTS“This report comprehensively This report comprehensively breaks down the state of the breaks down the state of the HR tech market,benched HR tech market,benched again

123、st the state of the against the state of the employment market.Its an employment market.Its an investor deck but everyone investor deck but everyone will get something from thiswill get something from thisHungHung LeeLeeHR Tech InfluencerMelanie Powell Melanie Powell Marketing Specialist“Just downlo

124、aded the report.Just downloaded the report.Awesome stuff!Awesome stuff!“Wow,Wow,thisthis postpost reallyreally hithit thetheHRHR techtech bullseye!bullseye!I I couldntcouldntagreeagree moremore thatthat thethe futurefuture ofofworkwork lieslies in in technologytechnology andandtalenttalent acquisiti

125、onacquisitionAlexAlex KouchevKouchevLead Product EACTIVE MINDSET LEADER IN TECHNOLOGY INDUSTRYTHOROUGH INDUSTRY KNOWLEDGERECENT PANEL DISCUSSIONS,INTERVIEWS AND CONVENTIONSGlobal panel on Enterprise Software M&A at McDermott Will&Emerys ConferenceManaging Partner Ralf Philipp Hofmann as guest speake

126、r in Ben Eubanks HR Tech PodcastDrake Star sponsoring ZP Europe 2022 in CologneManaging Partner Ralf Philipp Hofmann at Unleash World in Paris together with Ryan Wong,CEO Visier Inc.Managing Partner Jim Holzer as guest speaker in Bill Banhams HRchat PodcastManaging Partner Jim Holzer on the judge pa

127、nel at Unleash Las Vegas lightning Round ACTIVE MINDSET LEADER IN TECHNOLOGY INDUSTRYDEDICATED AND AWARD-WINNING INDUSTRY EXPERTISERESEARCH AND NEWSLETTERSGLOBAL HR TECH REPORTAWARDS AND EVENTSM&A ADVISOR AWARDSM&A ADVISOR AWARDS PANELGERMANY GERMANY Best Practice Operator of the Year(Investment Ban

128、king)2020WINNERWINNERCross-BorderInvestment Bank of the year2021Best Corporate Finance Firm of the YearGermany2019WINNERWINNERDeal of the yearMiddle Market2022AWARD WINNERAWARD WINNERM&A European Investment Banking Firm of the Year2022AWARD WINNERAWARD WINNERCorporate/Strategic Deal of the Year$250-

129、500m2022M&A ATLAS AWARDSTALENT ACQUISITION SOFTWARE REPORT Highly competitive and global process Involving financial and strategic investors Delivered during COVID-19 Ingentis received 30 term sheets/LOIs from prominent financial and strategic investorsallowing management to choose the optimal futur

130、e partner Final closing price was significantly higher than management expectations at start of processSituation&ObjectivesDrake Star Services&SupportOutcomeIngentis is a leading German HR Tech and Workflow Management software company.Ingentis provides solutions to over 2,000 customers across more t

131、han 100 countries worldwideThe companys flagship product“org.manager”is the leading org charting solution in the DACH region,supporting a highly loyal customer base in visualizing,analyzing,and structuring their organizationsFounder&management aimed to find the best partner and key shareholder to su

132、pport the Company in its next stage of expansionDrake Star Partners acted as the exclusive financial advisor to Ingentis and its shareholders on this transactionDrake Star Partners guided management in their financial planning,renewed the companys positioning and created attractive future value crea

133、tion initiatives that were key investor discussionsThe team created extensive transaction documents including a compelling equity story,a financial model and a new growth planWon the right partner to initiate next growth stage for Won the right partner to initiate next growth stage for IngentisIngen

134、tisHighly competitive process with a large number of first round offersHighly competitive process with a large number of first round offersHighly attractive outcome for Highly attractive outcome for IngentisIngentis shareholders shareholdersKEY VALUEVALUE-ADDADDSALE TOINGENTISSALE OF A LEADING GERMA

135、N HR TECH AND WORKFLOW MANAGEMENT SOFTWARE Premium valuation to public comparable companies with favorable deal terms Attractive post-transaction career opportunities for Crimcheck team High value-add to the buyer who is able to leverage Crimchecks technology capabilities and enhance its service off

136、eringsSituation&ObjectivesDrake Star Services&SupportOutcomeCrimcheck Holdings(Crimcheck)is a tech-enabled background screening solutions companyThe Company also provides data checks,reference checks,drug testing,and occupational healthcare products&services through its proprietary technology platfo

137、rmSMBs and mid-size enterprise client focus in PEO,Staffing and Healthcare.Crimchecks proprietary technology and focus on client engagement has made it a leading independent background screening provider with exceptional client retentionDrake Star Partners acted as exclusive financial advisor to Cri

138、mcheck in this successful sell-side transactionTargeted process to a well vetted group of strategic and private equity buyers looking to enhance their offering,technology and industry footprintReceived multiple actionable LOIs,which provided Drake Star significant leverage to deliver a premium outco

139、meCustomized positioning generated interest from a broad group of qualified buyers in a Customized positioning generated interest from a broad group of qualified buyers in a changing market environmentchanging market environmentSale of a technology focused CRA with proprietary platform and unique da

140、ta capabilities to fastSale of a technology focused CRA with proprietary platform and unique data capabilities to fast-growing PEgrowing PE-backed provider of drug testing&occupational health servicesbacked provider of drug testing&occupational health servicesLeveraged extensive sector experience an

141、d inLeveraged extensive sector experience and in-depth knowledge of established as well as emerging depth knowledge of established as well as emerging strategic and financial buyersstrategic and financial buyersKEY VALUEVALUE-ADDADDPortfolio company ofCRIMCHECKSUCCESSFUL,COMPETITIVE PROCESS WITH A S

142、ELECT SET OF STRATEGIC AND FINANCIAL BUYERSSALE TOHighly competitive controlled auction process with domestic and international investors in order to maximize valuation and transaction certainty and find a partner to accelerate growth Perfect match with renowned European growth investor with long st

143、anding sector expertise,industry veterans as operating partners(UiPath,Pegasystems,SAP)and synergistic portfolio Final closing price was significantly higher than management expectations at start of processSituation&ObjectivesDrake Star Services&SupportOutcomeSymbioworld is a leading provider of an

144、employee navigation and business processmanagement platform Symbioworld is the trusted partner of more than 100 active customers such as Deutsche Bahn and BMWThe companys flagship product“Business Navigator”creates a highly automated digital twin of the company to accompany employees through their e

145、veryday business Management aimed to find the best partner to further scale the business and expand internationallyDrake Star Partners supported management to sort historical financials,build a new budget and integrated modelA comprehensive documentation package was prepared to educate potential inv

146、estors and increase competitive tension between selected investorsDue to the teams long-time sector experience and strong global reach,Drake Star generated enormous high-quality demand throughout the processHighly competitive Highly competitive global dual track process global dual track process Won

147、 the perfect partner with extensive international enterprise software sales experience to Won the perfect partner with extensive international enterprise software sales experience to accelerate global expansionaccelerate global expansionUnique visionary product positioning and competitive tension re

148、sulted in Unique visionary product positioning and competitive tension resulted in h highlyighly attractiveattractive outcome for outcome for SymbioworldsSymbioworlds shareholders and teamshareholders and teamSTRATEGIC GROWTH INVESTMENT BYSYMBIOWORLDSALE OF A LEADING EMPLOYEE NAVIGATION AND PROCESS

149、MANAGEMENT PLATFORMKEY VALUEVALUE-ADDADD Premium SaaS purchase multiple,with favorable deal terms HIREtech leadership team have assumed roles with Equifax as part of the new Houston,Texas-based division of Equifax Workforce Solutions HIREtechs capabilities strengthen Equifaxs Workforce Solutions Wor

150、k Number income and employment verification and HR services,enabling the merged company to accelerate innovative offerings to employersSituation&ObjectivesDrake Star Services&SupportOutcomeHIREtech is a technology-focused HR Tech solutions firm Provides software and services to help companies save t

151、ime,money,and reduce compliance riskTechnology platform enables businesses to access the real-time data and intelligence to make important financial and hiring decisionsServices include I-9/E-Verify,Employment&Wage Verification,Tax Credits,and Unemployment Claims ManagementDrake Star Partners acted

152、as exclusive financial advisor to HIREtech in this successful sell-side processLimited process that marketed to best-fit group of HR tech-focused strategics and private equity firmsClosed in less than 4 monthsReceived multiple actionable IOIs,which provided Drake Star significant leverage to increas

153、e the valuation during negotiationsManaged a buyer team of 100+external consultants and full-time employeesManaged fastManaged fast-paced,tailored process generating significant investor interest from a large paced,tailored process generating significant investor interest from a large group of suita

154、ble partiesgroup of suitable partiesSale of an innovative HR tech and data solutions company by a public multinational data,Sale of an innovative HR tech and data solutions company by a public multinational data,analytics,and technology companyanalytics,and technology companyLeveraged extensive trac

155、k record and strong financial and strategic investor relationships within the Leveraged extensive track record and strong financial and strategic investor relationships within the HR Tech sectorHR Tech sectorSALE TOHIRETECHSUCCESSFUL TARGETED PROCESS,WITH A LIMITED NUMBER OF LOGICAL STRATEGIC AND PE

156、 BUYERSKEY VALUEVALUE-ADDADDJim HolzerManaging Partner(New York)Eric Ward Managing Partner(London)Soroush BahreiniAssociate(London)Ralf Philipp HofmannManaging Partner&Member of the Global Executive Committee(Munich)Pablo LundershausenAssociate(Munich)Maximilian HnigAnalyst(Munich)Bruno TourmeSenior

157、 Advisor(Paris)Pascal BertoVice President(Paris)Connor CunninghamAssociate(New York)Doug Doug LachenauerLachenauerAnalyst(New York)DRAKE STAR HR TECH TEAMGLOBAL EXPERTISE WITH LOCAL PRESENCEDrakeStar_*Partner OfficeDrakeStarPARIS25 Boulevard MT.+33 1 58 18 39 00MUNICHLudwigpalais,LT.+49 89 1490 265

158、25SAN FRANCISCO50California Street,Suite T.+1 415 400 6698LOS ANGELES1100 Glendon Avenue,Suite T.+1 310 696 4001BERLINFriedrichstrasse T.+49 30 30366 2856DUBAI*Emirates Financial TT.+971 4325 4662LONDON16 Berkeley Street,MT.+44 20 7112 7777NEW YORK 950 Third Avenue,20th FT.+33 1 58 18 39 00CONTACT G

159、LOBAL OFFICESGLOBAL PRESENCEWWW.DRAKESTAR.COMGLOBAL HR TECH REPORTQ2 2023Drake Star is an award-winning global tech investment bank that has completed over 400 transactions since 2013.Drake Star team of over 100 senior professionals across offices in New York,London,Paris,Munich,San Francisco,Los An

160、geles,Berlin,and Dubai*focuses on mergers&acquisitions and corporate finance services worldwide in Consumer&Retail Technology,Digital Media,FinTech,Mobility&Sustainability,Software/SaaS,Digital Services,and Industrial Tech sectors.Drake Star is the marketing name for the global investment bank Drake

161、 Star Partners Limited and its subsidiaries and affiliates.In the USA,all securities are transacted through Drake Star Securities LLC.In the USA,Drake Star Securities LLC is regulated by FINRA and is a member of SIPC.Drake Star UK Limited(FRN 942020)is an appointed representative of Kession Capital

162、Ltd(FRN582160),which isauthorized and regulated by the Financial Conduct Authority.2023 Drake Star Partners Limited.For more information,visit .*Partner OfficeThe testimonials herein may not be representative of the experience of others nor is it a guarantee of future performance or success.Copyright 2023 Drake Star