Kartesia provides €15m financing for Sales Performance International
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it has closed a strategic partnership with the leadership team of Sales Performance International (SPI), a global leader in sales performance improvement, to support the further growth of the company. Kartesia’s investment is centred on a €15m unitranche to finance a management buy-out.
With Kartesia’s support, SPI will continue to provide customers with best-in-class service and will further develop key strategies to capitalise on market opportunities. Digital transformation in the world of corporate learning and the need for technology enabled sales performance support present significant growth opportunities in the area of sales training. SPI is ideally poised for this next phase of growth through further investment in digital learning content, cutting edge delivery and enablement technology, and enhancing its extensive experience in global sales transformation.
Laurent Bouvier, Founding Partner at Kartesia, said: “SPI is a leading player in sales performance enhancement, with world class sales training content and methods. The company has unmatched capabilities allowing it to deliver added value through tailor made, large-scale, international sales performance improvement projects. We are confident that SPI’s management team is well positioned to grow the company geographically and to serve new industry verticals, whilst continuing to innovate to serve a growing demand for on-line and mobile training delivery and continuous learning. This will drive deeper sales performance improvement for its customers.”
Jurgen Heyman, CEO of SPI comments: “The support of Kartesia in the buyout process has been crucial. Furthermore, this new partnership will allow us to boost innovation efforts and expand internationally. We are excited to pursue our next level of growth together."