Global technology investment bank GP Bullhound has set its sights firmly on continental Europe with its acquisition of Pure Equity Advisors, a corporate finance firm based in both Berlin and Hamburg, and has opened an office in the German capital.
GP Bullhound, which already has offices in London, San Francisco and Stockholm, is seeking to grow within the European tech scene and hopes that the proximity to Berlin’s abundant innovation and creativity will help the company further its reach in the German market.
Per Roman, co-founder and Managing Partner of GP Bullhound, said: “Having an office in Berlin, one of the hottest startup cities on the planet, based in Europe’s largest Internet economy, will help us stay current.”
Pure Equity, a financial advisory firm helping entrepreneurs with growth equity fundraising and exits, is seen as a good fit for GP Bullhound, which focuses on the areas of ecommerce, software, digital media and greentech and has previously completed over 120 different marquee transactions for companies such as lastminute.de and 192.com.
Julian Riedlbauer, the Managing Director of Pure Equity, will join GP Bullhound as a partner bringing his established relationships and knowledge of German venture capital to the pan-European investment bank. Pure Equity’s clients, which in the past have included Redcoon and Visionapp, will benefit from an extended network of investors and markets in Europe and the US.
The opening of the office is just another step for Berlin toward becoming one of the biggest tech hubs in Europe, along with the opening of Groupon’s International office in July and the imminent European tech conference Campus Party.