《DrakeStar：2024年上半年體育科技行業報告（英文版）（25頁）.pdf》由會員分享，可在線閱讀，更多相關《DrakeStar：2024年上半年體育科技行業報告（英文版）（25頁）.pdf（25頁珍藏版）》請在三個皮匠報告上搜索。

1、Drake Star Securities LLC is regulated by FINRA and is a member of SIPC.All securities in the UK,are transacted through Drake Star UK Limited(FRN 942020)an appointed representative of Razlin Ltd(FRN 730805)which is authorised and regulated by the Financial Conduct Authority.Note:Some transactions ex

2、ecuted by current Drake Star Partners employees while employed at other firms PodcastPodcastLinkLink+1 203 524 5652 +1 310 696 +1 310 696 +44 77 4005 DEV BAJAJCHIEF STRATEGY OFFICERMOHIT PAREEKPRINCIPALEXCLUSIVE INTERVIEWJEFF ROTHPARTNERMOHIT PAREEKPRINCIPALEXCLUSIVE INTERVIEW22534222$27.0B$1.9B$5.0

3、BNote:Drake Star did not act as financial advisor on the transactions listed on this pageSource:Pitchbook,Capital IQ,news publications,press releases,Drake Star analysisH1 2024 DEAL VALUEH1 2024 DEAL COUNTM&APrivate PlacementsPublic MarketsTotal$33.9BTotal 589H1 2024 SUMMARYWith$34B in announced dea

4、l value in H1,sports tech continues to be a highly active market with six$B+acquisitions and four private financings over$100M.With over$27B in disclosed value through 225 M&A deals,H1 represented strongest ever first half of a year(#of deals).While there were 6 big ticket deals,the first half saw s

5、trong growth in small to mid size deals that were mostly undisclosed.Notable M&A deals included Silver Lakes$13B acquisition of the remainder of Endeavor,Liberty Medias$4.6B acquisition of Dorna Sports,the merger of Disney India and Reliance Media assets,Canal+s$1.9B offer for MultiChoice,and DraftK

6、ings$750M acquisition of Jackpocket.Private financings remained flat compared to H223(360 deals)with 342 deals raising$1.9B in new capital.Early-stage financings continue to make up the majority of total financings(over 80%)while there were fewer mid to late-stage financings.Equinoxs 1.8B in debt ra

7、ise was the highlight of the first half and some of the notable equity raises included Riddell($400M),Minute Media($100M),Dude Perfect($100M)and LiveMode($85M).Top investors focused on early-to-late-stage financings include Ryan Sports Ventures,Will Ventures,and Phoenix Capital Ventures,while seed s

8、tage investment activity was led by Eberg Capital,Antler,and Elevate Ventures.Public market saw multiple debt financings signaling strengthening investor confidence including Pelotons$1.35B debt refinancing that provides increased liquidity to further scale its subscription business.Other large debt

9、 raised were Flutter Entertainment($1.1B),Lottomatica($964M),and Entain($751M).$5,719$3,541$3,353$2,407$1,932402296354360342H122H222H123H223H124Private Placements($M)$0$2,907$16,135$8,645$27,020124111165163225H122H222H123H223H124Mergers&Acquisitions($M)(1)The outsized H122 Activision deal($68.7B)is

10、excluded from the chart to better isolate trends among the broader volume of dealsNote:Drake Star did not act as financial advisor on the transactions listed on this pageSources:Pitchbook,Capital IQ,news publications,press releases,Drake Star analysisNote:Drake Star did not act as financial advisor

11、on the transactions listed on this pageSources:Pitchbook,Capital IQ,news publications,press releases,Drake Star analysisSilver Lake,an American private equity firm,acquired Endeavor,the sports and entertainment company known for its brands like WWE and UFC,for$13.0B in a take-private transactionLibe

12、rty Media,the owner of Formula 1,acquired Dorna Sports,the rights holder to the MotoGP World Championship,for$4.6B with the goal of leveraging its expertise in managing sports assets to grow the fanbase of MotoGPDisney and Reliance formed a joint venture valued at$8.5B by merging Viacom 18 and Star

13、India to create a leading sports media platform that will be majority owned by RelianceCanal+made an$1.9B offer for the remaining shares it does not own in the South African media company MultiChoice DraftKings,the online sports fantasy and sports betting platform,acquired Jackpocket,a popular lotte

14、ry app,for$750MEquinox,the Luxury fitness chain,obtained$1.8B in new financing in a round led by Sixth Street and Silver LakeRiddell,a designer and manufacturer of American football helmets,raised$400M from BC Partners through a combination of convertible preferred equity and debtMinute Media,a digi

15、tal media company with an emphasis on sports content,raised$100M from Authentic Brands Group,BlackRock,and HSBC Innovation BankingDude Perfect,a YouTube channel with over 60M subscribers that focuses on trick shots,raised$100M from Highmount Capital and PittcoPelton,the fitness subscription service,

16、completed a$1.35B refinancing that reduced its debt,extended maturities,and provided more flexible termsFlutter Entertainment,the parent company of sports betting service FanDuel,raised$1.1B in a debt offering and will used the funds to repay borrowings Lottomatica,a provider of sports betting and g

17、aming machines,raised$964M in a debt offering that will used to pay interest and redeem certain debtsEntain,the sports betting and gambling company,raised$751M in add-on debt as part of a set of net debt neutral financing actionsTARGETINVESTORDebtDebtDebtDebt4368601059073120105-180-130-80-302070120$

18、0B$5B$10B$15B$20B$25BQ322Q422Q123Q223Q323Q423Q124Q224Deal ValueDeal Count58%23%19%20355992838Note:Drake Star did not act as financial advisor on transactions listed on this pageSource:Pitchbook,Capital IQ,news publications,press releases,Drake Star analysisMedia&BroadcastingFan Engagement/Experience

19、Data AnalyticsWearables&Performance EnhancementSponsorship&VenuesEsports,Fantasy,&BettingTotal-225 Total-225 North AmericaEuropeAsia and OthersTotal$27.0B 44%36%20%48%19%10%66%8%23%9%11%4%H223H124Note:Drake Star did not act as financial advisor on transactions listed on this pageSource:Pitchbook,Cap

20、ital IQ,news publications,press releases,Drake Star analysis$4.6B ACQUISITION BY Liberty Media acquired Dorna Sports,the rights holder to the MotoGP World Championship,in a$4.6B deal Liberty Media aims to leverage its expertise in developing sports assets to further grow MotoGPs global fanbaseApril

21、2024$750.0MACQUISITION BY DraftKings acquired Jackpocket,a popular lottery app,for$750M The deal helps DraftKings expand into the lottery industry and enhance its Sportbook and iGaming businesses through cross-selling and improved customer acquisitionFebruary 2024$13.0BACQUISITION BY Private equity

22、firm SilverLake acquired Endeavor,the sports and entertainment company known for brands like WWE in a$13.0B deal The acquisition is the latest in a series of investments that SilverLake has made in Endeavor and reflects the private equity firms confidence in Endeavors future growthApril 2024$1.9BACQ

23、UISITION BY Canal+made an$1.9B offer to purchase the remaining shares that it does not own in the South African media company MultiChoice The deal will significantly enhance Canal+s presence on the African continent through the addition of popular TV services and millions of subscribersJune 2024$3.1

24、BACQUISITION BY Disney and Reliance formed a joint venture valued at$8.5B by merging Star India and Viacom 18 to form a leading sports media platform The joint venture will be majority owned by Reliance,and Disney will own a minority stake valued at$3.1BFebruary 2024$316.0MACQUISITION BY Charterhous

25、e acquired Bruin Capitals majority stake in the sports marketing agency Two Circles for$316M In March,Two Circles added to its capabilities in providing data-driven business services by acquiring Let it Fly Media,a creative content agency that specializes in providing services to sports clients Janu

26、ary 2024Fan Engagement/Experience$13,000.05.0 x45.3xApr-24Fan Engagement/Experience$4,567.06.9x18.7xApr-24Media&Broadcasting$3,131.4-Feb-24Media&Broadcasting$1,901.41.1x6.9xJun-24Wearables&Perf.Enhancement$1,200.0-Jun-24Wearables&Perf.Enhancement$1,100.00.8x5.0 xApr-24Fantasy,Esports&Betting$750.09.

27、6x-Feb-24Fan Engagement/Experience$316.03.6x16.5xJan-24Fan Engagement/Experience$250.0-Apr-24Sponsorships&Venues$151.43.1x7.0 xMar-24Note:Selected deals only.Drake Star did not act as financial advisor on transactions listed on this page.Source:Pitchbook,Capital IQ,news publications,press releases,D

28、rake Star analysis1686171452355$0.6B$0.7B$0.7B2774514$1.3B$2.3B$1.7B$1.6B$1.4B$1.0B$0.7B$1.2B143153172182188172173169Q322Q422Q123Q223Q323Q423Q124Q224Note:Drake Star did not act as financial advisor on transactions listed on this pageSource:Pitchbook,news publications,press releases,Drake Star analys

29、isMedia&BroadcastingFan Engagement/ExperienceData AnalyticsWearables&Performance EnhancementSponsorship&VenuesEsports,Fantasy,&BettingEarly StageLate StageMid StageTotal-342 Total-342 Total-$1.9B 3%16%9%16%4%45%42%23%6%16%18%H223H124Note:Drake Star did not act as financial advisor on transactions li

30、sted on this pageSource:Pitchbook,news publications,press releases,Drake Star analysis$85M FUNDRAISELED BY LiveMode,a Brazilian sports media and sponsorship company,raised$85M from General Atlantic and XP Investimentos.The investment will be used to pursue long-term agreements with sports leagues an

31、d expand internationallyApril 2024$64MFUNDRAISELED BY Kings League,a seven-a-side soccer league founded by former Spanish soccer player Gerard Piqu,raised$64M in a round that included Left lane Capital and Cassius.Kings League plans to expand internationally by starting leagues in new countriesMay 2

32、024$400MFUNDRAISELED BY Riddell,a designer and manufacturer of American football helmets,raised$400M from BC Partners through a combination of convertible preferred equity and debt The funding will be used by Riddell to accelerate innovation and make business investmentsApril 2024$55MFUNDRAISELED BY

33、 Sportime raised$55M in a mix of equity and debt from Goldman Sachs Sportime owns and operates athletic facilities in the state of New York as well as the John McEnroe Tennis Academy,a tennis training program created by the famed tennis player John McEnroeMay 2024$100MFUNDRAISELED BY Dude Perfect,a

34、YouTube channel with over 60M subscribers that focuses on trick shots,raised$100M from Highmount Capital and Pittco Dude Perfect plans to build a new headquarters and hire new talent with the goal of building a long-lasting family-friendly brandApril 2024$100MFUNDRAISELED BY Minute Media,a digital m

35、edia company with an emphasis on sports content,raised$100M from BlackRock and HSBC Innovation Banking The investment helped Minute Media finance its acquisition of STN Video,a Canadian sports video distributorJanuary 2024(1)Pre-money valuation(2)Note:Selected deals only.Drake Star did not act as fi

36、nancial advisor on transactions listed on this page.Source:Pitchbook,news publications,press releases,Drake Star analysis12COMPANYSUBSECTORCOUNTRYDEAL AMOUNTVALUATION(1)SELECT INVESTOR(S)DATEWearables&Perf.Enhancement$400.0-Apr-24Media&Broadcasting$100.0-Jan-24Fantasy,Esports&Betting$100.0-Jan-24Med

37、ia&Broadcasting$100.0-Apr-24Media&Broadcasting$85.0-Apr-24Fan Engagement/Experience$64.3-May-24Wearables&Perf.Enhancement$55.0-May-24Fan Engagement/Experience$48.1-May-24Fantasy,Esports&Betting$45.0-Jan-24Sponsorships&Venues$40.0-Mar-24$3019Liberty Media$4,8492$2,4502$1,6452$7502-3$2582-2$6781$5721N

38、ote:Drake Star did not act as financial advisor on the transactions listed on this pageSource:Pitchbook,CapIQ,news publications,press releases,Drake Star analysisNote:Drake Star did not act as financial advisor on the transactions listed on this pageSource:Pitchbook,CapIQ,Drake Star analysis,news pu

39、blications,press releases6Early to Late5Early to Late5Early to Late4Early to Late3Early to Late3Early to Late3Early to Late3Early to Late3Early to Late3Early to Late10Seed to Early9Seed to Early8Seed to Early6Seed to Early6Seed to Early5Seed to Early5Seed to Early5Seed to Early4Seed to Early4Seed to

40、 EarlyPast performance does not guarantee future results.This is not a recommendation to buy or sell any specific security.Source:Capital IQ as of June 28,2024.Equally weighted(1)Represents the Stock Price Change Between Dec 30,2022 June 28,2024Digital Media/OTT/Content=Madison Square Garden Sports

41、Corp,Roku,FuboTV,Catena Media,TKO Group Holding,Sportradar Group,Endeavor Group Holding,Sphere EntertainmentSports Franchises=Manchester United,Ajax,Juventus,Borussia Dortmund,Formula One GroupAthlete Performance=Garmin,Catapult Sports,Peloton Interactive,Kopin,Xponential Fitness,Bowflex,DaktronicsF

42、antasy/eSports/Betting=Flutter Entertainment,DraftKings,Penn Entertainment,Skillz,Enthusiast Gaming,Better Collective,GAN Limited,Light&Wonder,Genius Sports,Churchill Downs Inc.,Lottomatica,Super League Gaming,Rush Street Interactive,Caesars Entertainment Inc.-16%-6%4%14%24%34%44%54%Dec-22Jan-23 Feb

43、-23Mar-23 Apr-23May-23 Jun-23Jul-23Aug-23 Sep-23Oct-23 Nov-23 Dec-23Jan-24 Feb-24Mar-24 Apr-24May-24Athlete Performance,57.69%S&P 500,42.22%Digital Media/OTT/Content,-2.40%Fantasy/eSports/Betting,10.76%Sports Franchises,-9.94%Digital Media/OTT/Content=Catena Media,FuboTV,Madison Square Garden Sports

44、,Roku,Sportradar Group,TKO Group,Endeavor,Banijay Group,Sphere Entertainment|Sports Franchises=Ajax,Borussia Dortmund,Formula One Group,Juventus,Manchester United|Athlete Performance=Catapult Sports,Garmin,Kopin,Peloton Interactive,Xponential Fitness,DaktronicsFantasy/eSports/Betting=Flutter Enterta

45、inment,DraftKings,Churchill Downs Inc.,Light&Wonder,Caesars Entertainment,Entain,Lottomatica Group,Penn Entertainment,Better Collective,Genius Sports,Rush Street Interactive,Skillz,GAN Limited,Enthusiast Gaming,Super League Gaming,Scout Gaming Group,Gfinity,Champion Gaming GroupEV/LTM RevenueJune 20

46、24March 2024June 2024March 2024Past performance does not guarantee future results.This is not a recommendation to buy or sell any specific security.Source:Capital IQ as of June 28,2024.EV/LTM EBITDAEV/NTM RevenueEV/NTM EBITDA3.2x2.8x2.9x2.6x2.4x2.8x2.4x2.5xDigital Media/OTT/ContentSports FranchisesA

47、thlete PerformanceEsports/Fantasy/Betting15.7x12.6x11.0 x12.0 x10.8x14.2x9.9x11.3xDigital Media/OTT/ContentSports FranchisesAthlete PerformanceEsports/Fantasy/Betting2.3x2.5x2.6x2.2x1.9x3.1x2.1x2.1xDigital Media/OTT/ContentSports FranchisesAthlete PerformanceEsports/Fantasy/Betting11.5x19.8x11.6x10.

48、8x10.3x13.1x14.7x11.5xDigital Media/OTT/ContentSports FranchisesAthlete PerformanceEsports/Fantasy/BettingPast performance does not guarantee future results.This is not a recommendation to buy or sell any specific security.Source:Capital IQ as of June 28,2024.Digital Media/OTT/ContentTKO Group Holdi

49、ngsUS30-Jun-24$107.99$8,713.7$16,092.3$2,543.9$546.78.1x5.8x46.4x12.8xNM47.5x108%9%-14%130%21.5%RokuUS30-Jun-24$59.93$8,640.0$7,224.0$3,746.1$18.82.0 x1.8xNMNMNMNM16%8%NA636%0.5%Endeavor GroupUS30-Jun-24$27.03$8,175.5$19,636.7$6,438.0$564.13.2x2.5x28.6x10.3x38.5x12.4x17%22%-41%238%8.8%Madison Square

50、 GardenUS31-Mar-24$188.13$4,504.9$5,632.2$926.8$84.56.1x5.7x36.1xNMNMNM-1%7%-32%7%9.1%Banijay GroupFR30-Jun-24$9.43$3,990.8$6,805.0$4,808.3$648.71.4x1.3x10.8x7.9x0.0 x10.8x8%7%12%33%13.5%Sportradar GroupCH31-Mar-24$11.18$3,333.4$3,094.8$1,009.8$326.03.1x2.6x9.3x13.6xNM32.9xNA17%NA30%32.3%Sphere Ente

51、rtainmentUS31-Mar-24$35.06$1,238.6$2,098.0$882.6-$31.02.4x1.9xNM21.4x6.0 xNMNA24%NA416%-3.5%fuboTVUS30-Jun-24$1.24$371.9$620.4$1,524.4-$216.80.4x0.4xNMNMNMNMNA6%NA52%-14.2%Catena MediaMT31-Mar-24$0.47$35.9$46.9$66.0$8.60.7x0.3x5.4x0.8xNM1.3x-35%118%-82%608%13.0%Average2.5x2.1x18.0 x10.8x14.8x14.4x-3

52、%29%-36%198%8.4%Median2.4x1.9x10.8x10.3x6.0 x11.6x3%17%-37%52%9.1%Sports FranchisesFormula One GroupUS30-Jun-24$71.84$16,683.1$18,352.1$3,686.0$776.05.4x4.9x24.4x22.4x47.7xNM43%2%49%6%21.1%Manchester UnitedGB31-Mar-24$16.14$2,704.0$3,617.1$867.5$218.93.9x4.5x14.2x32.9xNMNM15%-8%71%50%25.2%Juventus F

53、ootball ClubIT31-Dec-23$2.37$899.2$1,236.3$454.4-$19.22.8x3.1xNMNMNMNM-16%-8%NA117%-4.2%Borussia DortmundDE31-Mar-24$3.78$417.5$478.4$590.7$136.50.8x1.0 x3.5x3.6x11.8x15.0 x18%-15%52%1%23.1%AFC AjaxNL31-Dec-23$11.09$203.3$273.4$175.1-$25.51.6x1.6xNM3.9xNMNM-17%-2%NA386%-14.6%Average2.9x3.0 x14.0 x15

54、.7x29.7x15.0 x8%-6%57%112%10.1%Median2.8x3.1x14.2x13.1x29.7x15.0 x15%-8%52%50%21.1%Past performance does not guarantee future results.This is not a recommendation to buy or sell any specific security.Source:Capital IQ as of June 28,2024.Athlete PerformanceGarminCH29-Jun-24$162.92$31,293.3$28,103.3$5

55、,648.4$1,430.25.1x4.7x19.8x19.8x23.0 x28.5x15%5%24%1%25.3%Peloton InteractiveUS31-Mar-24$3.38$1,253.4$2,771.6$2,699.1-$446.01.0 x1.0 xNM30.7xNMNM-5%-1%NA120%-16.5%Xponential FitnessUS30-Jun-24$15.60$492.7$917.0$326.7$62.02.8x2.6x9.9x6.4x39.7x13.1x15%9%3%132%19.0%DaktronicsUS27-Apr-24$13.95$645.8$623

56、.2$818.1$104.90.8x0.7x6.0 x6.7x18.9x12.3x8%3%144%11%12.8%Catapult GroupAU31-Mar-24$1.26$314.3$321.2$100.0-$6.93.1x2.8xNM14.7xNMNM19%74%NA573%-6.9%KopinUS29-Jun-24$0.84$96.9$78.1$41.5-$22.22.0 x1.6xNMNMNMNM-8%14%NA30%-53.4%Average2.5x2.3x11.9x15.7x27.2x18.0 x7%17%57%144%-3.3%Median2.4x2.1x9.9x14.7x23

57、.0 x13.1x12%7%24%75%2.9%Esports/Fantasy Sports/BettingFlutter EntertainmentIE31-Mar-24$182.81$32,381.5$38,190.5$12,269.0$1,600.03.1x2.7x21.8x14.5x0.0 xNA19%-8%64%31%13.0%DraftKingsUS30-Jun-24$38.17$18,498.0$18,650.0$4,300.3-$249.64.6x3.6xNM31.5xNMNM43%20%NA337%-5.8%Churchill Downs Inc.US30-Jun-24$13

58、9.60$10,261.3$15,038.8$2,615.3$856.36.0 x5.3x16.0 x12.9x30.9x21.5x19%8%33%36%32.7%Light&WonderUS30-Jun-24$104.88$9,367.1$12,844.1$3,077.0$1,033.04.3x4.0 x12.7x10.1x43.8x23.9x13%5%11%23%33.6%Caesars EntertainmentUS30-Jun-24$39.74$8,600.4$33,976.4$11,391.0$3,712.03.0 x2.9x8.6x8.6x11.2x39.9x0%3%-2%6%32

59、.6%EntainIM30-Jun-24$7.96$5,087.3$9,985.1$6,208.1$1,025.61.7x1.6x9.8x7.6xNM15.4x7%1%-2%28%16.5%Lottomatica GroupIT30-Jun-24$12.10$3,043.9$4,505.6$1,868.9$539.92.5x2.0 x8.8x5.9xNM10.5x14%18%26%41%28.9%Penn EntertainmentUS30-Jun-24$19.36$2,892.4$13,436.2$6,284.7$485.62.1x2.0 x9.9x9.0 xNMNM-4%8%-67%206

60、%7.7%Better CollectiveDK31-Mar-24$21.42$1,346.1$1,655.0$360.1$112.44.6x3.6x14.2x11.0 x42.6x19.6x15%27%9%35%31.2%Genius SportsGB30-Jun-24$5.45$1,149.8$1,084.7$444.1-$32.52.5x2.1xNM12.4xNMNM21%16%NA369%-7.3%Rush Street InteractiveUS30-Jun-24$9.59$764.1$687.9$801.5$21.20.9x0.8xNM11.5xNMNM25%6%NA183%2.6

61、%SkillzCN30-Jun-24$7.18$129.2-$26.0$116.1-$99.5NMNMNMNMNMNM-39%-4%NA68%-85.7%GAN LimitedUS30-Jun-24$1.48$67.0$77.8$126.7-$8.30.6x0.6xNM19.7xNMNM-8%7%NA147%-6.6%Enthusiast GamingCA31-Mar-24$0.09$14.2$30.0$117.1-$21.00.3x0.4xNM11.7xNMNM-20%-31%NA112%-17.9%Super League GamingUS31-Mar-24$0.80$5.7$2.8$26

62、.0-$15.20.1x0.1xNMNMNMNM35%29%NA63%-58.7%Scout Gaming GroupCN31-Mar-24$0.03$5.7$1.8$3.0-$1.70.6xNANMNANMNA28%NANANA-56.1%GfinityGB31-Dec-23$0.00$1.2$0.9$2.1-$3.00.4xNANMNANMNA106%NANANA-143.5%Champion Gaming GroupCN30-Sep-23$0.01$0.6$3.0$0.7-$1.14.5xNANMNANMNA-39%NANANA-159.8%Average2.5x2.3x12.7x12.

63、8x25.7x21.8x13%7%9%112%-19.0%Median2.5x2.1x11.3x11.5x30.9x20.6x14%7%10%63%-1.6%M&A activity in H1 2024 has increased significantly versus the prior half both in terms of deal count and deal value.The numerous high-profile deals of H1 2024 signal a greater appetite in the sports tech market for large

64、 transformative acquisitions while the growing small to mid size deals show the increasing consolidation wave.M&A activity is anticipated to continue being strong as both strategics and PE firms are very active in the market.With valuation expectations converging and a large influx of capital,we exp

65、ect to see several large deals as well as a continued uptick in small to mid-size M&A deals.While early-stage financings continue to make up a major portion of total fundraisings in the market,we expect to see the number of mid to late-stage deals grow as investor sentiments are further improving an

66、d mid to late-stage companies valuation expectations are rationalizing.COSM and Two Circles have already raised large late-stage rounds in Q324 and we expect to see many more deals of this size going forward.The large pool of capital raised in 2023 in still largely undeployed and with growing invest

67、or interest in the sports tech ecosystem,we expect this pool to be put to good use in the coming year.As the public markets are gradually coming back and interest rates are started to come down,the broader IPO markets are expected to continue improving,several IPO-ready sports tech companies are exp

68、loring IPOs again and we expect some of them to list in 2025.AI,Fan engagement and experience,performance analytics,ticketing and venue management continue to be the hot segments from M&A and financings standpoint.Note:All product and company names are trademarks or registered trademarks of their re

69、spective holders.Use of them does not imply any affiliation with or endorsement by them.B2CB2BNote:All product and company names are trademarks or registered trademarks of their respective holders.Use of them does not imply any affiliation with or endorsement by them.VENUE/CRM/ORGANISATIONAL SOFTWAR

70、ECOMMERCEDATA/ANALYTICSPERFORMANCE ANALYTICSDIGITAL SPORTS AGENCIESWEARABLESESPORTS/FANTASY SPORTSCONSUMER SPORTSB2CB2BInvestment industry leadership summit in NYC in May 2024Preeminent,“must-attend”event for sports,media and entertainment professionals100+invitation-only C-Suite attendees comprised

71、 of leading growth stage firms,strategic buyers,Venture Capital and Private Equity firms2024 PANELISTS Drake Star is an award-winning global tech investment bank that has completed over 500 transactions since 2013.Drake Stars team of senior professionals across offices in New York,London,Paris,Munic

72、h,San Francisco,Los Angeles,Berlin,and Dubai*focuses on mergers&acquisitions and corporatefinance services worldwide in Consumer&Retail Technology,Digital Media,FinTech,Mobility&Sustainability,Software/SaaS,Digital Services,and Industrial Tech sectors.This report is published solely for informationa

73、l purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any security.The information herein in based on sources we believe to be reliable but is not guaranteed by us,and we assume no liability for its use.Any opinions expressed herein are statements of our ju

74、dgment on this date and are subject to change without notice.All product and company names are trademarks or registered trademarks of their respective holders.Use of them does not imply any affiliation with or endorsement by them.Drake Star did not act as a financial advisor for the transactions in

75、this report if not stated otherwise.Drake Star is the marketing name for the global investment bank Drake 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 Razlin Ltd(FRN 730805),which is authorized and regulated by the FCA.2024 Drake Star Partners Limited.For more information,visit .*Partner OfficeFor Institutional Use Only.Copyright 2024 Drake Star