GCA Altium advises Studydrive on its acquisition by StepStone
GCA Altium has advised the shareholders of Studydrive, a leading European student platform, on its acquisition by StepStone, one of the largest e-sourcing companies worldwide.
The successful start-up company, Studydrive, was founded in 2013 by Philipp Mackeprang and Sven Gasper. Studydrive provides a platform where students can support each other by sharing study materials such as lecture notes and summaries and by interacting through study-related questions. With more than 700,000 students from over 100 universities and colleges using Studydrive, the platform also offers job and internship placements.
StepStone, a subsidiary of Axel Springer, is one of the largest e-sourcing companies worldwide serving more than 130,000 customers around the globe. With the acquisition of Studydrive, which will continue under the management of Philipp Mackeprang and Sven Gasper, StepStone will grow its reach into the student segment with the best opportunities for students to find the perfect job after their studies.
Co-founders Sven Gasper and Philipp Mackeprang said: “We are very happy to be a part of the StepStone/Axel Springer family and are looking forward to a bright future together. Now, we get off to a flying start in order to support students from around the world on their path towards a successful career.”
GCA Altium acted as exclusive financial advisor to the shareholders of Studydrive.