NEW YORK | May 3rd, 2023 – Drake Star has won “USA Telecom & Services Deal of the Year” for advising AT&T and Anuvu on the sale of Wireless Maritime Services (WMS) to CCP Capital Strategies.
WMS is the leading provider of maritime cellular services globally. The company was formed as a joint venture of AT&T and Anuvu in the mid-2000s and is headquartered in Miramar, Florida.
James Turino, Managing Partner at Drake Star commented: "Drake Star is very pleased to have been selected as the recipient of this award, and our thanks goes out to our clients AT&T and Anuvu for all their support on the transaction. We worked hard to maintain a competitive dynamic and align the interests of the sellers, WMS and buyers in an environment where Covid-19 had severely impacted the cruise industry. The deal was a win-win for the sellers in monetizing a non-core business, as well as a milestone for WMS becoming an independent company under new ownership."
Drake Star is a global technology-focused investment bank that has built a reputation as an industry leader recognized for deep tech sector insights and expertise, strong client outcomes, and several prestigious awards. This award further bolsters the firm’s accolades, which now total over 45+ major recognitions since 2013, including over 30 “Deal of the Year” and 8 “Investment Bank of the Year” awards.
Gregory Bedrosian, Managing Partner & CEO at Drake Star commented: "We would like to express our sincere thanks to M&A Atlas for their consideration and selection of this transaction for such a prestigious award. This is another example of how Drake Star’s combination of deep sector expertise, transaction experience, creativity and dedication have resulted in outstanding results for our clients, particularly amidst such a complex macro and financial environment. Our thanks also goes out to the AT&T and Anuvu teams for their support throughout."
The M&A Atlas Awards honor the best value-creating deals, outstanding firms, and leaders from the global corporate, investor, and deal communities.
For further inquiries please contact:
James Turino
Managing Partner | Drake Star
james.turino@drakestar.com
About Drake Star
Drake Star is an award-winning global tech investment bank that has completed over 450 transactions since 2013. The Drake Star team of over 100 senior professionals 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, Digital Media, FinTech, Mobility & Sustainability, Software/SaaS, Digital Services, and Industrial Tech sectors.
Drake Star Partners 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 Kession Capital Ltd (FRN582160) which is authorized and regulated by the Financial Conduct Authority. © 2023 Drake Star Partners Limited.
For more information, visit www.drakestar.com.
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