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Announced

Completed

Harvest Partners completed the acquisition of a majority stake in Sparq.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
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Tags

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Cross Border

Acquisition

Majority

FinTech

fintech

financial services

Netherlands

Private Equity

Private

Completed

Friendly

Single Bidder

Synopsis

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Harvest Partners, an investment firm, completed the acquisition of a majority stake in Sparq, a provider of outsourced digital engineering to build, deploy and support digital applications, products, and experiences. Financial terms were not disclosed. “We’ve been impressed by the Harvest Partners Ascend team’s industry knowledge, expertise, and record of success, and believe we’ve found the right partner to help us scale the business to the next level. This partnership will help to drive our expansion into new geographies and add new high-value digital consulting and product engineering capabilities as we continue to build Sparq into a leading provider of outsourced digital engineering for technology driven and Fortune 1000 companies. We are grateful to Bain Capital Double Impact for their support and partnership to date,” Monty Hamilton, Sparq CEO.

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