EyeEm, the premium stock photography platform and professional photo and video productions based in Berlin, has been sold to investment company New Value AG.
Ramzi Rizk, co-founder and President of EyeEm commented: “I am happy and proud to see EyeEm joining the New Value portfolio. Both companies share a passion for empowering creators and a beautiful vision for how creators need to be supported and rewarded in the future. The expertise, drive and support of the Drake Star team played a crucial role throughout this process – their feedback and input in the past few months were key to the transaction. The diligence and expertise of Simon, our CEO, were pivotal in ensuring a smooth process and a positive final outcome.”
Simon Cox CEO of EyeEm commented: “Drake Star know our space really well and not only ran a process with a terrific outcome for EyeEm, its shareholders and its community but also added real value along the way with great insights into our business.”
• Investment banking firm Drake Star Partners acted as the exclusive financial advisor to EyeEm and its shareholders on this transaction in a highly competitive global M&A process. This transaction is subject to customary closing conditions and is anticipated to close during the second quarter of 2021.
• View all EyeEm news articles on PAN
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