PE firm exits graduate IT training and services provider

Private equity house Key Capital Partners (KCP) has exited its investment in graduate IT training and services provider Sparta Global.

The exit comes by way of a secondary buy-out funded by Inflexion Private Equity Partners. The transaction gives KCP, which invested £4m in the company in 2017, a near 7x return on its original investment.

Sparta Global operates from both Birmingham and London and trains and deploys 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).

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.

Rai 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).