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Stock photo agency EyeEm sold

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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