September 24th, 2019 / Insight posted in Articles

Moore Kingston Smith advises on sale of award-winning edtech company

Moore Kingston Smith advised on the sale of HegartyMaths, a maths homework software solution, to Sparx, also a maths homework solution that reduces administration for teachers and allows them to spend more time on effective teaching.

After working with our general practice and outsourcing teams since 2017, HegartyMaths were already aware of the high quality service provided by Moore Kingston Smith. They therefore didn’t hesitate to bring our corporate finance specialists, Paul Winterflood and George Hatswell, and M&A tax specialists Mark Fielden and Tom Acland, into the fold to advise them on this deal. Our team helped to steer the transaction and advise the owners to secure a successful sale to Sparx.

The acquisition sees HegartyMaths become part of the Sparx family. By joining forces, the two award-wining companies hope to increase their reach to over 1 million users in over 1,300 schools, transforming maths education for more teachers and learners.

Colin Hegarty, founder of HegartyMaths, said: “Joining forces with Sparx is a great opportunity to take HegartyMaths to the next level, allowing us to focus on increasing our impact, and I’m very excited to start this new chapter in our journey. The team at Moore Kingston Smith were fantastic to work with on this project and led from the front on what was a very tight time deadline. Not only did I enjoy working with the Moore Kingston Smith team but found their lines of communications with me throughout the entire project outstanding. At all times I felt comforted to know they were managing the process.”

Paul Winterflood, Moore Kingston Smith Corporate Finance director, added: ‘’It was a real pleasure working with Colin and Brian. Their goal to improve maths education will impact more and more children now that HegartyMaths and Sparx have joined forces.”

HegartyMaths was founded in 2015 and provides maths education solutions covering Key Stage 3 and GCSE.

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