Press release

Equiteq advises intive on its acquisition of Spark Digital

December 08, 2021

Equiteq is pleased to have advised global technology company intive on its acquisition of Spark Digital, a leading digital consulting, design and development provider.

Spark Digital, a founder-led business formed in 2012, has a unique combination of vertical and functional expertise that has led to a strong presence in Media & Entertainment, underpinned by strong capabilities in every aspect of the Digital Media Supply Chain, AI/ML, Data Analytics and Cloud Transformation skills. Spark Digital’s 330+ consultants, designers and engineers operates out of the US and LATAM, delivering a seamless blend of onshore and nearshore capabilities.

This latest acquisition delivers on intive’s growth ambition, providing a platform to strengthen its presence in the North American and LATAM markets. Bringing Spark Digital into the intive Group, further builds their expertise within the Technology, Media and Communications sectors and provides benefits of a larger, combined nearshore delivery team in Argentina and across greater LATAM. Spark Digital has also built vast experience serving the EdTech industry which is currently undergoing significant digital transformation and modernization and will be a key growth area for intive in North America.

Equiteq acted as exclusive financial advisor.

Regarding Equiteq’s role in the transaction, Gurdeep Grewal, Chief Executive Officer at intive said: “We greatly benefitted from Equiteq’s deep knowledge of digital transformation, engineering and innovation for products and services. They were able to mobilize process specific and industry wide intelligence that was instrumental to us securing a key geographical expansion for intive”.

Emmanuel Kostucki, Director at Equiteq commented: “We are incredibly grateful to have supported the intive and Mid Europa teams in their inorganic expansion into the US. This expansion reflects how private equity can unlock international differentiation for businesses in the digital services and product innovation arena”.

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