Berlin, one of Europe’s self-anointed tech start-up hubs, could be about to see a lot more investment and acquisition.
GP Bullhound, one of digital media’s leading VC and M&A advisory houses, is acquiring seven-month-old Berlin financial adviser Pure Equity.
This year, GP Bullhound has advised on the sale of 192business to Experian, on We7’s sale to Tesco and a $75 million fundraising for Russian e-commerce site Avito. Pure Equity only launched in January, the operating name for corporate finance adviser and Bullhound friend Julian Riedlbauer.
Bullhound co-founder Hugh Campbell says (via release):
“We see incredible opportunities for our client base in continental Europe, and the technology buzz in Germany was tangible at our Summit in Berlin this May.”
Says Riedlbauer, who joins GP Bullhound as partner (via release):
“GP Bullhound represents the best platform for Pure Equity to provide its clients with access to the continental European, UK and US investor and strategic communities.”
Campbell’s co-founder Per Roman adds:
“Having an office in Berlin, one of the hottest start-up cities on the planet, based in Europe’s largest Internet economy, will help us stay current.”
GP Bullhound also has offices in London, Stockholm and San Francisco.
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