With their in depth knowledge of the IT sector, Key very quickly gained an understanding of our business model. They provide ongoing support at a very senior level, with extremely experienced partners working closely with the business to improve the focus of the management team.
The transaction gives Key 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). Key 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.
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.
Key obtained advice from GCA Altium (Corporate Finance), Osborne Clarke (legal), Ward Hadaway (legal) and BDO (tax).