IEG - Investment Banking Group

What IEG - Investment Banking Group does

IEG - Investment Banking Group is a Berlin-headquartered private investment banking boutique founded in 1999, specializing in mid-cap M&A advisory, financing, and principal investments for the internet and technology sector. The firm operates across eight wholly-owned global offices spanning Europe (Berlin, Oslo), Asia (Mumbai, New Delhi, Shanghai), the Middle East (Abu Dhabi), Africa (Tunis), and North America (New York), employing 50+ senior bankers and led by founder and Group CEO Stefan Heilmann. IEG serves technology companies, founders, and PE/VC investors across eight defined verticals: Smart Cities, HealthTech, Fin-/Insurtech, Enterprise Software, Industrial (IoT), Data (AI, ML, AR, Meta), Blockchain, and EdTech, claiming cumulative deal value of €10b+ across 200+ completed transactions.

IEG generates revenue through three primary streams: transaction-based advisory fees from M&A mandates (sell-side, buy-side, strategic mergers), capital raising fees for equity and debt financings, and returns from principal investments deployed through three internal vehicles — DELTAVEST, IEG 12 Apostel Group, and IEG Principal Investments — supplemented by a strategic partnership with Aroa Venture Partners managing a USD 50 million early-to-growth fund focused on India. Distribution is exclusively direct: Managing Directors lead outreach through a structured multi-step advisory process (introductory call, sector expert consultation, engagement agreement, execution), supported by thought-leadership content including proprietary Cybersecurity and Robotics research reports, a 'Successful Exits' podcast, YouTube videos, and conference presence (Tech-EU Summit 2025).

The firm does not produce software products or operate technology platforms; it provides professional advisory services backed by sector-specialized research and proprietary investment vehicles. Competitive positioning rests on cross-border execution capability across emerging markets (MENA, North Africa, India, China) where bulge-bracket banks maintain lighter coverage, and on a hybrid advisory-plus-co-investment model designed to align the firm with founders across the deal lifecycle. Pricing is bespoke and not publicly disclosed; engagements are initiated through introductory calls and formalised via engagement letters.

Name

IEG - Investment Banking Group

Legal name

IEG Technology GmbH

Website

https://ieg-banking.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

IEG - Investment Banking Group is a Berlin-based private boutique founded in 1999 that advises internet and technology mid-cap companies, founders, and PE/VC investors on cross-border M&A, financing, and principal investments across eight global offices and eight tech verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Investment Banking Advisory Fees: IEG earns fees for M&A advisory (sell-side, buy-side), financing, and principle investment services. Revenue is generated through transaction-based advisory fees tied to deal completion.
2. Equity & Debt Investments: Through DELTAVEST, IEG 12 Apostel Group, and partnerships with Aroa Venture Partners, IEG invests equity in early-stage companies, generating returns through portfolio appreciation and exit events.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

IEG is a technology-focused investment banking boutique that provides M&A advisory (sell-side and buy-side), equity and debt financing, and principal investments for mid-cap internet and technology companies globally. The firm executes cross-border transactions across eight technology verticals (Smart Cities, HealthTech, Fin-/Insurtech, Enterprise Software, Industrial IoT, Data/AI, Blockchain, EdTech) and supplements advisory services with proprietary equity co-investment through DELTAVEST, IEG 12 Apostel Group, and a partnership with Aroa Venture Partners.

Product overview

IEG Investment Banking Group operates as a technology-focused investment banking advisory firm rather than a product-based software company. The firm provides integrated investment banking services including Sell-Side M&A, Buy-Side M&A, Financing (Equity & Debt Investments), and Principle Investment. IEG specializes across eight technology sectors: Smart Cities, HealthTech, Fin-/Insurtech, Enterprise Software, Industrial (IoT, Services), Data (AI, ML, AR, Meta), Blockchain, and EdTech. The firm supports its advisory services with proprietary research publications, including the IEG Cybersecurity Report and IEG Robotics Report. Additionally, IEG operates venture investment vehicles (DELTAVEST, IEG 12 Apostel Group, IEG Principal Investments) that provide growth equity financing to early-stage technology companies. The company maintains global operations across eight offices spanning Europe (Berlin, Oslo), Asia (Mumbai, New Delhi, Shanghai), Middle East (Abu Dhabi), Africa (Tunis), and North America (New York).

Differentiator

Problem solved

Functional benefit

Products and services

• Sell-Side M&A Advisory

Quantifiable outcome

• €10b+ total deal value and 200+ transactions completed across global offices
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LANXESSminorStrategic or Co-development Partner · 10 January 2020LANXESS, a specialty chemicals company (sales EUR 7.2bn in 2018, 15,400 employees in 33 countries), sold its chrome chemicals business to IEG's client Brother Enterprises through a cross-border M&A transaction. IEG acted as exclusive financial advisor to Brother Enterprises on this acquisition.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• GP Bullhound: Global tech-focused investment banking boutique advising on tech M&A and growth capital. Direct overlap with IEG's eight-vertical tech specialization and mid-market transaction profile across Europe and emerging markets.
• Clipperton: Paris-based tech M&A boutique advising internet/software companies on cross-border sell-side and buy-side mandates. Operates in similar enterprise software, data and SaaS verticals as IEG.
• Hampleton Partners: Tech M&A advisory boutique serving software, digital, and internet companies across Europe and North America. Comparable mid-market positioning with a sector-verticalized model like IEG.
• Drake Star Partners: Global tech-focused M&A advisory boutique with deep coverage in software, digital media, and fintech. Competes with IEG for cross-border tech sell-side and buy-side mandates.
• AGC Partners: US-based tech M&A boutique with deep software, internet, and digital media coverage. Closest US analog to IEG's sector-specialized mid-market tech advisory profile.
• GLC Advisors & Co. US mid-market investment bank and IEG's listed North American partner via GLC's New York office. Operates in the same mid-market advisory segment with overlapping tech and consumer mandates.
• Silverpeak: Independent investment bank focused on digital media, software, and tech-enabled services. Comparable boutique scale with sector-verticalized tech advisory similar to IEG's verticals.
• Woodside Capital Partners: Silicon Valley tech M&A boutique advising software and tech-enabled businesses. Direct competitor for mid-cap tech sell-side mandates and growth-stage financing comparable to IEG's enterprise software and data verticals.

Broad incumbents

• Houlihan Lokey: Large global investment bank with a tech and M&A advisory franchise. Overlaps with IEG in mid-market tech M&A but operates at greater scale and broader sector coverage as a bulge-quasi-independent.
• PJT Partners: Independent advisory-focused investment bank with a tech M&A practice. Competes with IEG on larger mid-cap tech M&A mandates and capital raises as a much larger, broadly diversified incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCzJdYw5fz7X7dL_D_uw5b6w
• LinkedInlinkedin.com/company/ieg---investment-banking
• Xx.com/IEGNews
• Facebookfacebook.com/IEG.Investment.Banking

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IEG - Investment Banking Group