LONDON | SINGAPORE | February 6, 2020 - Global investment banking firm Drake Star Partners and Singapore-based financial advisory firm TC Capital have announced a strategic partnership to expand their cross-border reach and facilitate their global growth. The partnership will expand Drake Star Partners’ access in Southeast Asia where TC boasts an outstanding track record while strengthening TC’s access to North America and Europe by leveraging Drake Star Partners’ deep expertise in Technology, Media and Communications (TMC).
Cross-border TMC M&A and financing activity accounts for more than 70% of Drake Star Partners’ transactions across its global network. The firm has accordingly been ranked as seventh cross-border mid-cap tech investment bank globally by deal volume, according to Standard & Poor’s. In Asia, economies are growing increasingly open to overseas investment opportunities and local tech enterprise ecosystems are seeking international growth. By partnering together, TC Capital and Drake Star aim to bridge the communication and investment gap, further enhancing cross-border opportunities for their respective clients.
Marc Deschamps, Executive Chairman of Drake Star Partners, welcomed the partnership with TC Capital. “In recent years, we have witnessed strong growth in cross-border mid-cap/growth tech transactions. Our world is one of multi tech-hubs in various countries where firms from international origins become innovators and world leaders. TC Capital has built a strong network in Asia, in particular Southeast Asia, with their offices in Singapore and Hong Kong. We are delighted to announce this partnership, which will allow us to further unlock local and global tech transactions and investor opportunities.”
Ravi Chidambaram, President of TC Capital, added, “We already have a strong cross border M&A track record, both in TMC and other industries, and this partnership with Drake Star will allow us to leverage our TMC client relationships in Asia and connect it to Drake Star’s superb tech client network and industry knowledge.”
About TC Capital
TC Capital was established to provide emerging, high-growth and mid-capitalization companies and private equity funds in Asia with the same quality investment banking services offered to large companies by the bulge bracket banks. TC covers all of the major markets in Greater China, India and Southeast Asia through regional and local offices. The founders, Dr. Tommy Tan and Mr. Ravi Chidambaram, and its team of partners and professionals are bankers with global experience specializing in Asia.
About Drake Star
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