DA Davidson Acts as Exclusive Financial Advisor to ActivePipe on Sale to MoxiWorks | Business


NEW YORK–(BUSINESS WIRE)–February 22, 2022–

DA Davidson & Co. today announced that it served as exclusive strategic and financial advisor to ActivePipe, a leading lead development platform for real estate professionals, in its sale to MoxiWorks, a Vector Capital portfolio.

Founded in 2014 and based in Melbourne, Australia, ActivePipe has transformed the way real estate brokers and agents nurture leads. ActivePipe’s platform uses predictive AI technology to effortlessly automate the workflow around delivering relevant, highly personalized content that keeps brokers and agents in touch and on top of everyone’s potential customers, allowing users to unlock opportunities within their database.

“The ActivePipe team is innovative at heart as it continues to leverage industry-leading product capabilities to drive impressive growth over the past few years,” said Ken Marlin, vice president of Technology Investment. Banking at DA Davidson. “As digitalization and automation ramps up in the industry, we are excited about what lies ahead for the combined company.”

“Ash and the team at ActivePipe have done a fantastic job of building the preeminent lead development platform globally in the real estate technology ecosystem,” said Aalap Merchant, Managing Director, Co-Head of Technology Investment Banking at DA Davidson. “We are thrilled to have ActivePipe partner with MoxiWorks and Vector Capital and look forward to what lies ahead for this partnership.”

ActivePipe operates in three countries and supports over 2,500 brokerages and over 40,000 agents, including leading platforms such as RE/MAX, Sotheby’s International Realty and Ray White. Over the years, ActivePipe has been backed by leading investors including NAB Ventures, Firemark Ventures (IAG), PieLAB Ventures, Second Century Ventures, AS1 Growth Partners and Asia Principal Capital.

“We are extremely excited about this transformational partnership with MoxiWorks and Vector Capital. The team at DA Davidson has been essential on this journey and we are grateful for their guidance and expertise,” said Ash Farrugia, co-founder and CEO of ActivePipe. “Their in-depth understanding of our industry, combined with their transaction execution abilities and critical thinking, has resulted in a tremendous outcome for ActivePipe and its shareholders.”

This transaction underscores the continued success of DA Davidson’s Technology Investment Banking practice, which completed 57 transactions worth approximately $11.4 billion in 2021. DA Davidson’s Investment Banking division is a leading full-service offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industries, financial institutions and technology.

Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 28 states.

Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, capital markets and fixed income services, and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolios and advisory services.

For more information visit dadavidson.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220222006238/en/

CONTACT: Emilie Roy

Prosek for DA Davidson

(646) 818-9232




SOURCE: DA Davidson & Co.

Copyright BusinessWire 2022.

PUBLISHED: 02/22/2022 17:18 / DISK: 02/22/2022 17:18


Copyright BusinessWire 2022.


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