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Announced

Completed

Kin + Carta completed its acquisition of Spire Digital for c.$14.8m.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

web products

Friendly

digital transformation projects

Acquisition

Digital Services

Private

Single Bidder

Majority

Completed

Synopsis

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Kin + Carta, an international digital transformation business, completed its acquisition of Spire Digital, a digital transformation company with a focus on software development, user interface design and experience development, for c.$14.8m on a cash-free and debt-free basis, subject to customary closing adjustments plus additional earnouts. The acquisition supports Kin + Carta's expansion in the western United States and supports the expansion of its Innovation pillar, the largest and fastest-growing part of the business. "Kin + Carta is such a solid fit for our team. We're excited to be joining a like-minded group of people and working together to achieve our common goal of solving the world's most difficult digital challenges," Mike Gellman, Spire Digital Founder.

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