1、Drake star to find updated imageSALE TOAudience AI/SaaSSALE TOVideo Games DeveloperSALE TOMobilityVisual Content Platforma portfolio company ofACQUISITION OFSaaS Media TechSALE TOMSPMSPHAS BEEN ACQUIRED BYMSPMSPIT ServicesMSPMSPMSPMSP(1)Current Drake Star mandate prepping for market+49 173 +1 646 24

2、5 +44 777 305 +33 687 990 5In the first half of 2024,MSP M&A activity was almost 4x larger than the 2nd half of 2023.Q2 2024 activity reached its highest level in over two years with more than 120 transactions.Strategic consolidators are aggressively pursuing consolidation,with each of the top 10 pl

3、ayers making at least two investments in Managed Service Providers.The global MSP market value was$283 billion at year-end 2023.Its expected to reach$552 billion by 2032 as IT complexities and cost efficiency drive demand for MSPs.56 6Top 3 Most Important Outcomes Achieved From Managed Services79%11

4、%6%3%1%56%44%EuropeUnited States333248342426243711212302004006008001,0001,2001,400Q122Q222Q322Q422Q123Q223Q323Q423Q124Q224Deal Value of Remaining Deals(In$Millions)Largest Deal by Value inthe Quarter(In$Millions)Deal Count(In Figures)Total-235Total-23592%79%3%11%6%3%3%2%1%H22023H12024Note:Deal value

5、 reflects solely the capital invested by those deals that disclose their specific value.Not all transactions report deal value.IT ServicesSoftwareCommunications and NetworkingCommercial ServicesOthers Includes deals since 2023.*Ranked by total deal count.*Most financial investors have made only a si

6、ngle investment in MSP companies.Therefore,apart from the first investor,rest listed under them do not adhere to any ranking.-705.0-Feb-241,900-299.1-Apr-24-38.9194.44.988.4Jan-24-300.3185.10.61.9Jun-2470-19.5-Jun-2417-18.7-May-24-11.2-Jun-24-10.4-Jan-24Note:Drake Star did not act as financial advis

7、or on transactions listed on this pagenSense Denmark(Technology Services Division)Note:This slide presents deals that have disclosed their sizes and are ranked accordingly$299.1MACQUISITION BY Kin and Carta was acquired by Valtech,via its financial sponsor through$299 million public-to-private LBO o

8、n April 29,2024.This investment solidifies Valtechs leadership in business transformation and enhances its support for Fortune 500 brands in adapting to evolving consumer demands.Apr-2024$194.4MACQUISITION BY Flooid was acquired by by Glory(TKS:6457)for approximately$194 million on January 12,2024.T

9、he investment in Flooid aligns with Glorys Long-Term Vision,supporting diversification and growth.GJan-2024$185.1MACQUISITION BY Visiativ was acquired by Groupe SNEF,a subsidiary of Societe Financiere Du Steir,for$185.1 million on June 11,2024.This acquisition would allow Groupe SNEF to strengthen i

10、ts position in the digital transformation market and to benefit from the companys expertise and customer base.Jun-2024$705.0MACQUISITION BY AHEAD,backed by its financial sponsors Berkshire Partners and Centerbridge Partners,acquired CDI to strengthen its presence in the Northeastern US.The acquisiti

11、on was completed through a$705 million LBO on February 1,2024.Feb-2024nSense Denmark$19.5MACQUISITION BY nSense Denmark reached a definitive agreement to be acquired by F-Secure(HEL:FSECURE The acquisition will strengthens F-Secures position as a prominent security vendor in Europe and lays a founda

12、tion for the companys growth as a cybersecurity leader in the region.Jun-2024nSense Denmark$18.7MACQUISITION BY Chilli IT was acquired by Celerity,via its financial sponsor BGF,through an LBO.This transaction will help Celerity expand its service offerings.May-24Total-956%44%United StatesEurope56%33

13、%11%Total-9Note:Deal value reflects solely the capital invested by those deals that disclose their specific value.Not all transactions report deal value.Information on deal count and value by stage is available.Drake Star did not act as financial advisor on transactions listed on this page.*No deal

14、values disclosed for Q3 2022,Q4 2023,Q1 2O24,and Q2 2024.No transactions took place in H1 2024.IT Consulting and OutsourcingSystems and Information ManagementComputer Hardware5443324502004006008001,000Q122Q222Q322*Q422Q123Q223Q323Q423*Q124*Q224*Deal Value of Remaining Deals(In$Millions)Largest Deal

15、by Value inthe Quarter(In$Millions)Deal Count(In Figures)COMPANYSUBSECTORCOUNTRYREVENUEDEAL SIZEEMPLOYEESSELECT INVESTORDATESystems and Information Management48.2-201-500Dec-23IT Consulting and Outsourcing-151Nov-23Systems and Information Management-51-200Oct-23Printing Services-11-50Oct-23IT Consul

16、ting and Outsourcing-11-50Oct-23IT Consulting and Outsourcing-0.620-25Sep-23IT Consulting and Outsourcing-2.542Sep-23IT Consulting and Outsourcing25.5965.05,500Jul-23 Scalian was acquired by Wendel Group through a EUR 965 million LBO.Jul-235,550EMPLOYEES TTNL was acquired by Fields Group through an

17、LBO.The aim of the acquisition is to build on the successful heritage of the company and to grow it into a leading provider in Europe.Oct-2351-200EMPLOYEES Focus Technology Solutions was acquired by Seacoast Capital and its management through an LBO.The transaction was supported by debt financing.As

18、 a result of the transaction,the company was recapitalized.Nov-23150EMPLOYEES Kocho received development capital from BGF.Dec-23201-500EMPLOYEES Cartridge Technologies was acquired by CenterGate Capital through an LBO.The investment will provide Cartridge Technologies with the capital and strategic

19、resources to continue its growth trajectory while increasing.Oct-2311-50EMPLOYEES Anchor Point raised venture funding from DWO Ascent.Oct-2311-50EMPLOYEES Drake Star is an award-winning global tech investment bank that has completed over 500 transactions since 2013.Drake Star global team of senior p

20、rofessionals across offices in New York,London,Paris,Munich,San Francisco,Los Angeles,Berlin,and Dubai*focuses on mergers&acquisitions and corporate finance services worldwide in Consumer&Retail Technology,HR Tech,Digital Media,FinTech,Mobility&Sustainability,Software/SaaS,Digital Services,and Indus

21、trial Tech sectors.Past performance does not guarantee future results.This report is published solely for informational 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

22、 is not guaranteed by us,and we assume no liability for its use.Any opinions expressed herein are statements of our judgment 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 im

23、ply any affiliation with or endorsement by them.Drake Star did not act as a financial advisor for the transactions in 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 sec

24、urities 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 .For Institutional Use Only.Copyright 2024 Drake Star Partners Limited.*Partner Offices