Clearwater International advises Inflexion on its majority investment in Sparta Global

Clearwater International has provided buy-side support to mid-market private equity firm, Inflexion, on its majority investment in Sparta Global (Sparta), an innovative technology and training services provider. The investment is being made by Inflexion Enterprise Fund V, Inflexion’s lower mid‐market fund.

Sparta trains graduates in a range of technology skills and then deploys “Spartans” in relevant roles with its clients, plugging the skills gap between university education and technology and business professionals. Sparta’s graduates come from a diverse range of backgrounds before being trained in one of the firm’s programmes which cover in demand technology areas such as data engineering, software engineering, DevOps and business analysis.

By ensuring its own intake is diverse, Sparta helps its clients achieve their own diversity and inclusion (D&I) objectives, and also provides advice around initiatives to improve D&I. The business benefits from a strong client base of UK corporates and public sector clients, including BUPA, Channel 4, Deloitte, Royal Bank of Scotland and The Home Office.

Through the transaction, Inflexion will draw on its deep experience in the technology and training services market to build on Sparta’s impressive growth profile, including its investment in FDM, which saw profits grow five-fold during our partnership before successfully floating on the LSE in 2014. Inflexion are also currently working with Netherlands-based online IT recruitment and training services business Calco as well as global resourcing specialist K2 Partnering Solutions, both of whom are operating in similar markets.

The Clearwater International team consisted of Partner and International Head of Business Services Marcus Archer, Director Helen Lowe, Director Mark Maunsell, Director Tom Barnwell, Associate Eleanor Pryse-Hawkins and Executive Carly Sinicrope.

David Rai, CEO of Sparta Global, commented: “I’m extremely proud of the continued excellence Sparta Global has delivered to-date. Our unique business model has allowed us to grow quickly and helped to place thousands of students from a variety of backgrounds in full-time employment. We were drawn to Inflexion’s incredibly relevant experience and proven success in the sector and hope to leverage this to expand our business with existing and new clients.”

Simon Turner, Managing Partner, Inflexion, added: “In Sparta we see in a tremendously ambitious team which has achieved a great deal of success in its industry, one we are very familiar with. We can use our strong experience in their sector to help Sparta achieve not only its growth ambitions but also look for new ways to expand.”

Andrew Mainwaring, Partner, Inflexion, said: “Clearwater International did a tremendous job supporting the team to complete this transaction in a very short timeframe. The team were able to demonstrate sector expertise and market knowledge to support our investment case and their integrated approach across their service lines was instrumental to securing a successful outcome. We look forward to continuing our relationship with the Clearwater team in the future.”

Marcus Archer, Partner and International Head of Business Services, said: “Sparta Global is well positioned to capitalise on the opportunities within this market utilising the expertise of Inflexion to drive the continued development of the company. With the guidance of Inflexion, Sparta is set for the next stage of its strategic growth and we wish the team all the best.”