IMPROVED, who are a global corporate finance leader in technology, energy and mobility, and have helped foster many large deals in the e-mobility space is excited to announce its renewed strategic direction, operating independently from Drake Star Partners. This will allow the team of specialist dealmakers to have an even greater focus and expansion of expertise in cross-border technology, energy and mobility (TEM) dealmaking.
The growing team of 20-plus dedicated and specialised dealmakers at IMPROVED is complemented by a unique set of TEM industry experts and associate partners. These have held various leadership roles in established technology, energy and mobility multinationals.
IMPROVED’s specialist team offers unique intelligence and understanding of the global TEM ecosystem and unlocks value through deep industry relationships at highly relevant corporates, investors and ecosystem partners at the decision-making level.
Frank Verbreek, managing partner at IMPROVED, said: “IMPROVED continues to support relevant innovations with a dedicated team of specialised dealmakers and TEM industry experts.
“IMPROVED continues to support relevant innovations with a dedicated team of specialised dealmakers including our TEM industry experts. From 2014 until mid-2021, we have transacted under the Drake Star Partners brand name but both parties realised that by working independently, the IMPROVED team responsible for the landmark transactions can drive further growth with entrepreneurs, investors and corporates in the global TEM sectors.”
The company’s unique approach towards corporate finance has led to many landmark TEM transactions managed by IMPROVED. In the electric vehicle (EV) sphere, these include the sale of ubitricity to Shell, the sale of ViriCiti to ChargePoint, the sale of Pod Point to EDF Energy, the sale of NewMotion to Shell and the business combination agreement (SPAC merger) between Wallbox Chargers and Kensington Capital Acquisition Corp II.
IMPROVED also supported with the fundraising of Freewire from Riverstone. Freewire manufactures and provides unitised battery-integrated direct current fast chargers to customers including retailers, utilities, electric vehicle fleet operators and charging station network operators across the globe.
The global specialist corporate finance boutique also worked on Alliander’s divestment of Allego, a leading independent electric vehicle charging solution provider, to Meridiam, the transformational infrastructure investors, who are dedicated to helping make the UN Sustainable Development Goals happen.
Sherief Rahim, Director at IMPROVED, said: “We’re excited to continue independently, as it gives us a unique opportunity to focus even more on the sectors where we can add the most value to our clients and partners. Also, technology & innovation, decarbonisation, and mobility stand out in terms of growth, relevance and impact, and this is what makes us tick.”
Manus Weber, director at IMPROVED, added: “IMPROVED has supported a large number of pioneers and industry leaders – entrepreneurs, investors, and corporates – in the TEM sectors and has executed over 100 transactions in more than 21 countries across Europe, the US and Asia, solidifying our global reach and cross-border dealmaking capabilities.”
Dominique Houde, Partner, concluded: “Crucially, the TEM sectors and driving growth trends are part of a truly global ecosystem, and our firm operates on that basis, enabling the vision and growth of entrepreneurs all over the world. IMPROVED provides its services and highest quality deal execution capabilities on a global scale, and as a case in point, is actively expanding its presence in markets such as the UK and US”.
Building on the accelerating growth and traction in the TEM sectors, IMPROVED is growing rapidly and expanding its position as the premier corporate finance boutique in the global technology, energy and mobility sectors.