Aequitas Advisors vs Drum Advisors
Comparing two boutique M&A advisors · Last updated April 12, 2025
| Attribute | Aequitas Advisors | Drum Advisors |
|---|---|---|
| Type | Boutique | Tech boutique |
| HQ | Mumbai, India | Sydney, Australia |
| Founded | 2009 | 2017 |
| Sector focus | India, APAC | Tech, APAC |
| Deal size | $5M-$75M | $10M-$150M |
| Senior team |
|
|
| Rating | Locked | Locked |
| Reviews | 0 verified | 0 verified |
Choosing between Aequitas Advisors and Drum Advisors
Aequitas Advisors and Drum Advisors both work in APAC. Founders running a sell-side process in those categories often see both names on their advisor longlist, which is why this comparison comes up. Aequitas Advisors is a boutique while Drum Advisors is a tech boutique, so the underlying business models differ even where the sector coverage overlaps.
Aequitas Advisors is headquartered in Mumbai, India and was founded in 2009, while Drum Advisors operates out of Sydney, Australia and was founded in 2017. Geography matters here: Aequitas Advisors's Mumbai relationships and Drum Advisors's Sydney relationships will overlap on national strategics but diverge on the regional private equity buyer set most likely to push price. On deal-size focus, Aequitas Advisors states $5M-$75M while Drum Advisors states $10M-$150M. Beyond shared coverage, Aequitas Advisors also reaches into India, while Drum Advisors extends into Tech.
For founders deciding between Aequitas Advisors and Drum Advisors, the honest recommendation is to take a working session with each named partner before signing. Read the firm-level reviews on BankerNotes for the pattern that matters most: did the partner who pitched the mandate run the buyer calls and final negotiations, or did the work slide down the org chart by week six. That pattern, more than league-table position, is what separates a good outcome from a mediocre one.
Aequitas Advisors is a boutique headquartered in Mumbai, India and founded in 2009. The firm focuses on India, APAC and typically advises on transactions in the $5M-$75M range. Key dealmakers include Sandeep Singhal (Fou...
Drum Advisors is a tech boutique headquartered in Sydney, Australia and founded in 2017. The firm focuses on Tech, APAC and typically advises on transactions in the $10M-$150M range. Key dealmakers include Iain Jamieson ...
Frequently asked questions
- What is the main difference between Aequitas Advisors and Drum Advisors?
- Aequitas Advisors is a boutique HQ'd in Mumbai, India (founded 2009), focused on India, APAC, with a typical deal range of $5M-$75M. Drum Advisors is a tech boutique HQ'd in Sydney, Australia (founded 2017), focused on Tech, APAC, with a typical deal range of $10M-$150M. Beyond those facts, the most reliable differentiator is senior banker attention, which BankerNotes reviews are designed to surface.
- Which firm has better founder reviews, Aequitas Advisors or Drum Advisors?
- Aequitas Advisors's current rating is Locked (reviews unlock after five verified founders submit ratings). Drum Advisors's current rating is Locked (reviews unlock after five verified founders submit ratings). Read the individual firm profiles for the full review breakdown.
- Should I shortlist both Aequitas Advisors and Drum Advisors?
- For most founders evaluating sell-side advisors with overlapping sector and deal-size fit, putting both on a shortlist is reasonable. The point of a bake-off is to test how the senior team behaves under pressure, how the firm shapes the buyer universe, and how it handles a difficult diligence question. Treat the shortlist as an interview, not a beauty contest.
- How does BankerNotes verify reviews of Aequitas Advisors and Drum Advisors?
- Every review is submitted by a founder who confirms they hired the firm as their sell-side advisor. We verify the reviewer privately using work email, LinkedIn, and approximate engagement timing. The verified identity is never published. Only the rating, written review, and a generic sector label appear on the public page.
Related advisor comparisons
Browse sectors covered
Last updated: April 12, 2025