January 2, 2019
Mergers and Acquisitions
GCA Advises Studydrive on Its Acquisition by StepStone
GCA is pleased to announce we advised the shareholders of Studydrive, a leading learning platform for students, on its acquisition by StepStone, one of the largest providers of online job boards worldwide.
Studydrive was founded in 2013 and provides a platform where students can share academic materials, ask and answer questions about their studies and follow campus news. More than 700,000 students from over 100 colleges and universities use Studydrive, which also offers job and internship placements.
StepStone, a subsidiary of Axel Springer, is one of the world’s largest recruiting platforms, serving more than 60,000 companies around the globe. With the acquisition of Studydrive, StepStone will broaden its reach and offer students increased opportunities to find the perfect job after they complete their studies.
Studydrive 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 acted as exclusive financial advisor to the shareholders of Studydrive in relation to this transaction.