Press release: Sparta Global announces Inflexion as a majority investor19/10/2020
• Inflexion Private Equity Partners will draw on experience in technology andtraining services to build on Sparta Global’s established growth profile
Sparta Global today announces Inflexion as a new majority investor. The partnership will enable SpartaGlobal to meet growth ambitions and build on opportunities to expand its client base in theUK and international markets.
An independent private equity company that invests largely in high growth, niche businesses, Inflexion will draw on its experience in the technology and training services market to build on Sparta Global’s established profile as a successful early careers employer.
“In Sparta Global we see a tremendously ambitious team which has achieved a great deal of success in its industry and one we are very familiar with”, says Simon Turner, Managing Partner at Inflexion. “We can use our strong experience in their sector to help Sparta Global achieve not only its growth ambitions but also look for new ways to expand.”
Founded in 2014 to help close the digital skills gap in the UK, Sparta Global trains graduates and emerging talent in a range of technology and business skills – covering in demand areas such as data engineering, software engineering, DevOps and business analysis. After completing on-site training at its London or Birmingham Academies, individuals are deployed as “Spartan” consultants on client projects.
Current Sparta Global clients include BUPA, Channel 4, Deloitte, Royal Bank of Scotland, The Home Office and more than 50 other private and public sector organisations.
On Inflexion’s investment, Sparta Global CEO and Co-Founder David Rai says; “I’m extremely proud of the continued excellence Sparta Global has delivered. Our unique business model has allowed us to grow quickly and place thousands of students from a diverse variety of backgrounds in full-time employment. We were drawn to Inflexion’s incredibly relevant experience and proven success in the sector and hope to leverage this to expand our business with existing and new clients.”
After £4m equity investment to support Sparta Global’s continued growth and expansion in 2017, Key Capital Partners (KCP) has exited its partnership with Sparta Global by way of the secondary buy-out funded by Inflexion Private Equity Partners. The transaction gives KCP a near 7x return on its original investment.
Philip Duquenoy, Partner at KCP, said: “The team at Sparta have delivered an excellent result for our investors through a combination of hard work, commercial acumen and an innovative business model. It’s been a pleasure working with David (Rai, CEO), Tim (Staton, CIO) and the team and we wish them every success in the future.”