Key Capital Partners delivers 7x return on exit of Sparta Global
Private equity house, Key Capital Partners (KCP) has exited its investment in Sparta Global by way of a secondary buy-out funded by Inflexion Private Equity Partners. The transaction gives KCP a near 7x return on its original investment.
Multi award-winning Sparta Global is an innovative technology services and training provider operating from two locations in London and Birmingham. The business trains and deploys highly skilled technology and business professionals with a key focus on diversity and inclusion. The team is led by founders David Rai (CEO) and Tim Staton (CTO). KCP invested in the business in 2017.
Predominantly an early-career and graduate employer, Sparta Global has established relationships with over 100 universities in the UK and gives individuals with a passion for technology access to free training, providing them with fast-track career progression in blue chip clients across the UK and Ireland including BUPA, Channel 4, Deloitte, Royal Bank of Scotland and The Home Office.
David Rai, Group CEO at Sparta Global, said: “We’ve enjoyed a strong and productive partnership with KCP which has certainly benefitted the business. We look forward to an equally strong and rewarding partnership with the team at Inflexion.”
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, Tim and the team and we wish them every success in the future.”
KCP obtained advice from GCA Altium (Corporate Finance), Osborne Clarke (legal), Ward Hadaway (legal) and BDO (tax).
KCP makes equity investments of between £3m and £15m and has a strong reputation of deliverability and a track record of producing outstanding returns for its investors. Other current investments by the firm include Routes Healthcare, Construction Materials Online (CMO), The Kite Factory, YorkTest, Commhoist and Avantis Education.