M&A Deal Summary

Arcadea Group Acquires SPARK

On June 13, 2023, growth capital firm Arcadea Group acquired internet software and services company SPARK

Acquisition Highlights
  • This is Arcadea Group’s 5th transaction in the Internet Software and Services sector.
  • This is Arcadea Group’s 5th transaction in the United States.
  • This is Arcadea Group’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-06-13
Target SPARK
Sector Internet Software and Services
Buyer(s) Arcadea Group
Deal Type Buyout (LBO, MBO, MBI)

Target

SPARK

Minneapolis, Minnesota, United States
SPARK is a SaaS-based lending platform serving the SBA and conventional lending market in the United States. SPARK is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Arcadea Group

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2021
Size Small
Type Sector Focused
DESCRIPTION

Arcadea Group is an investment firm focused on investing in founder-controlled vertical software (VSaaS) companies generating revenues of $1 to $20 million. The Firm will consider a variety of investment structures including majority recapitalizations and buyouts and targets companies throughout North America, Europe, Australia, and New Zealand. Arcadea Group is based in Toronto, Ontario.

DEAL STATS #
Overall 9 of 12
Sector (Internet Software and Services) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (Minnesota) 1 of 2
Country (United States) 5 of 7
Year (2023) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-15 Radfords

Tauranga, New Zealand

Radfords is a fresh produce software specialist serving the entire fresh produce value chain including orchard owners, packhouses, and marketers. Radfords is based in Tauranga, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Flight Vector

Henderson, Nevada, United States

Flight Vector is a provider of innovative software solutions for the medical, public sector, and industrial air & ground transport markets. The company's suite of software products provides users with powerful, customizable, and scalable solutions to meet the most complex needs in the rapidly changing dispatch, transport, and utility markets. The software provides its users with a significant ROI by improving efficiency, reducing costs, and giving a competitive advantage over others in the marketplace. Flight Vector was formed in 2004 and is based in Henderson, Nevada.

Buy -
Mergr

Product

Company

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