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M&A Deal Summary

Bain Capital Double Impact Acquires Sparq

On March 27, 2019, private equity firm Bain Capital Double Impact acquired information technology company Sparq

Acquisition Highlights
  • This is Bain Capital Double Impact’s 1st transaction in the Information Technology sector.
  • This is Bain Capital Double Impact’s 7th transaction in the United States.
  • This is Bain Capital Double Impact’s 1st transaction in Georgia.
Investment Fate
  • Sparq was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2019-03-27
Target Sparq
Sector Information Technology
Buyer(s) Bain Capital Double Impact
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Morris, Manning & Martin (Legal)

Target

Sparq

Atlanta, Georgia, United States
Sparq is a provider of outsourced digital engineering to build, deploy and support digital applications, products, and experiences. Sparq’s engagement framework for Agile software engineering, provides rapid and flexible deployment of multidisciplinary teams via an elastic consumption model and predictable monthly pricing. It provides solutions for technology-driven and Fortune 1000 clients across various industries including logistics and transportation, healthcare, high-Tech, and financial services. Sparq was founded in 2004 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Bain Capital Double Impact

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Bain Capital Double Impact is the social and wellness investment arm of Bain Capital. The Firm looks to invest in mission-driven companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact is based in Boston, Massachusetts.

DEAL STATS #
Overall 7 of 18
Sector: Information Technology M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 3
State: Georgia M&A 1 of 2
Country: United States M&A 7 of 17
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 HealthDrive

Framingham, Massachusetts, United States

HealthDrive is a provider of medical and dental services in over 2,000 facilities, serving more than 200,000 enrolled senior living residents across four practices around the nation. HealthDrive was founded in 1989 and is based in Framingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 Rodeo Dental & Orthodontics

Fort Worth, Texas, United States

Rodeo Dental & Orthodontics is one of the fastest growing, multi-specialty dental groups in the country. Rodeo Dental & Orthodontics provides a full range of general dentistry, orthodontics, endodontics, oral surgery, and board-certified pediatric dental services in 21 Rodeo locations throughout the state of Texas. Rodeo fuels its brand reputation by providing a high-end Patient Experience. Rodeo has the largest production stages in the healthcare industry, with themed lobbies, upscale audio/visual equipment, and colorful window graphics that set the mood and experience backdrop. Additional color, music, fashion, and team vibe are mixed in to create an interactive pop art experience that sparks emotion and fuels one-of-a-kind interactions that patients share and remember. Patients are fanatical about the Rodeo brand and have submitted over 50,000 5-Star Google & Facebook reviews. Rodeo Dental & Orthodontics was founded in 2008 and is based in Fort Worth, Texas.

Buy -
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