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Arcadea Group Announces Strategic Acquisition Of Spark

PRIVATEJun 13, 2023

Acquiring Company

Arcadea Group

Acquired Company

Coherent

TorontoSaxonburgSoftwareAngel InvestmentInvestment ManagementInformation TechnologySoftwareData And Analytics

Description

SPARK, an innovative SaaS-based lending platform serving the SBA and conventional lending market in the United States, has been acquired by Arcadea Group, a global, long-hold and growth-oriented SaaS investor. Arcadea acquired SPARK from Community Reinvestment Fund, USA (“CRF”). This strategic acquisition showcases Arcadea's commitment to partnering with high-quality businesses with significant long-term growth potential.

Quick answer

Arcadea Group is acquiring Coherent, announced June 13, 2023. Arcadea Group is based in Toronto, Ontario, Canada.

How much did Arcadea Group pay for Coherent?
The deal value was not disclosed.
What does Arcadea Group do?
Arcadea Group invests in high-quality, strongly growing, typically founder-led vertical software companies over durations of time that no traditional private equity or growth equity firm can match.
Where are Arcadea Group and Coherent based?
Arcadea Group is based in Toronto, Ontario, Canada. Coherent is based in Saxonburg, Pennsylvania, United States.
Who are the decision-makers at Arcadea Group?
Fundz holds 1 contact at Arcadea Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Arcadea Group

Location

Toronto, Ontario, Canada

About

Arcadea Group invests in high-quality, strongly growing, typically founder-led vertical software companies over durations of time that no traditional private equity or growth equity firm can match. With headquarters in Toronto, offices in Florida, and portfolio companies in North America, Europe, and Asia, Arcadea maintains a global investment purview. Arcadea leverages tailor-made, flexible strategies that prioritize value creation for all stakeholders, offering an alternative to the rigid playbooks of Private Equity or Software Aggregators, which prioritize owner returns at the expense of customers and employees.

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Frequently asked

Who acquired Coherent?

Coherent was acquired by Arcadea Group, based in Toronto. The deal was reported on June 13, 2023. Arcadea Group invests in high-quality, strongly growing, typically founder-led vertical software companies over durations of time that no traditional private equity or growth equity firm can match. Arcadea Group is privately held and operates in Software.

When did Arcadea Group acquire Coherent?

Arcadea Group's acquisition of Coherent was reported on June 13, 2023. SPARK, an innovative SaaS-based lending platform serving the SBA and conventional lending market in the United States, has been acquired by Arcadea Group, a global, long-hold and growth-oriented SaaS investor. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Coherent do?

Coherent is a global software-as-a-service (SaaS) company redefining how business and IT teams build software together. Most companies run critical business operations on hundreds of spreadsheets. It is publicly traded (COHR), operating in Information Technology, and is based in Saxonburg.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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