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Ziad Awad

Awad signs strategic partnership with Drake Star

DUBAI, December 15, 2019

Global investment banking firm Drake Star Partners and Dubai-based financial advisory firm Awad 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 the Middle East, where Awad Capital boasts an outstanding track record, and strengthen Awad Capital’s international access to North America and Europe, leveraging Drake Star Partners deep expertise in Technology, Media and Communication (TMC).

Cross-border activity accounts for the majority of Drake Star Partners’ transactions across its global network. More than 70 per cent have been cross-border transactions in the TMC M&A and financing markets. The firm has accordingly been ranked as seventh cross-border mid-cap tech investment bank globally, according to Standard and Poor’s.

In the Middle East, where economies are growing increasingly savvy to overseas investment opportunities, local enterprise ecosystems are looking for international growth. By partnering together, Awad Capital and Drake Star Partners aim at bridging the communication and investment gap, further enhancing cross border opportunities for their respective clients.

Marc Deschamps, executive chairman of Drake Star Partners, said: “In recent years we saw stellar 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.

“Awad Capital has built a strong network in the Middle East, and we are delighted to announce this partnership, which will allow us to further unlock local and global tech transactions and investor opportunities.”

Ziad Awad, CEO of Awad Capital, said: “As regional tech companies grow and mature, accessing international investors as well as exit opportunities becomes a priority. We are excited to partner with Drake Star Partners, as this relationship will help us deliver global access to our clients in the sectors of technology, media and communications. In addition, we look forward to bringing international investment opportunities in these growth sectors to our regional investor base.” – TradeArabia News Service




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