Squire Patton Boggs has advised Inflexion on a majority investment in Sparta Global, an innovative technology and training services provider. The investment is being made by Inflexion Enterprise Fund V, Inflexion’s lower mid‐market fund.
Corporate partners David Milne in Leeds and Ben Squires in London led a multipractice team from across the firm’s UK offices.
Predominantly an early-careers and graduate employer, technology services company Sparta Global gives individuals from a diverse range of backgrounds and with a passion for technology access to free training in areas such as data engineering, software engineering, DevOps and business analysis. The company then deploys these “Spartans” in relevant roles with its clients, plugging the skills gap between university education and technology and business professionals. 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 has a client base consisting of UK corporates and public sector organisations.
Inflexion is a mid-market private equity firm investing in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. Inflexion’s flexible approach allows it to back both majority and minority investments, typically investing £10 million to £250 million of equity in each deal. With bespoke teams and dedicated capital, Inflexion’s funds invest across all sectors from offices in London and Manchester.
Commenting on the transaction, David Milne said, “We are delighted to support the team at Inflexion on a strategic investment in a sector they know so well.”
Ben Squires added, “It was a pleasure to work closely with the team at Inflexion on this significant transaction. Collaborating effectively with colleagues across our UK offices in corporate, debt finance, tax, employment and other disciplines, our private equity team was able to deliver the deal for the client on a tight timeline.”
Advising Inflexion on its investment in Sparta Global is the latest transaction by Squire Patton Boggs’ Private Equity team in the UK. The team, led by partner Paul Mann, is highly ranked for Private Equity Transactions – Mid-Market in The Legal 500 UK 2021.