Harvest Partners with TA Associates and Montagu for European Expansion in FinTech Sector

Harvest Partners with TA Associates and Montagu for European Expansion in FinTech Sector

(IN BRIEF) Harvest, a leading FinTech company in France, is entering a new growth phase after partnering with global private equity firms TA Associates and Montagu Private Equity. This new partnership comes after five years of successful growth under the guidance of Five Arrows, the alternative assets arm of Rothschild & Co. With the backing of TA Associates and Montagu, Harvest aims to expand its presence across Europe and strengthen its position as a leader in wealth management software. The new strategic plan, called “The Spirit of Conquest,” focuses on further international development and innovation in financial technology.

(PRESS RELEASE) PARIS, 27-Aug-2024 — /EuropaWire/ — Harvest, a leading French FinTech company specializing in wealth management software, is set to embark on a bold new phase of growth following a strategic partnership with global private equity firms TA Associates and Montagu Private Equity. This move marks the next chapter in Harvest’s journey as it aims to solidify its position as a European leader in the financial technology sector.

Over the past five years, Harvest has flourished under the guidance of Five Arrows, the alternative assets arm of Rothschild & Co. The company has achieved significant milestones, including advancements in technology, expansion of its workforce, and successful entry into international markets such as Italy and Luxembourg. As Five Arrows hands the reins to TA Associates and Montagu, Harvest is poised to accelerate its growth strategy, aptly named “The Spirit of Conquest,” with a focus on expanding its footprint across Europe.

Virginie Fauvel, CEO of Harvest, expressed enthusiasm about the partnership, stating, “Harvest is at a pivotal point in its evolution. With the combined expertise and resources of TA Associates and Montagu, we are well-equipped to scale new heights and establish ourselves as a dominant force in the European FinTech landscape. I extend my deepest gratitude to Five Arrows for their unwavering support over the past five years, and I am excited to collaborate with our new partners as we forge ahead.”

TA Associates and Montagu Private Equity bring a wealth of experience in the financial services and software sectors, making them ideal partners for Harvest’s ambitious growth plans. Both firms have a proven track record of driving performance improvements and scaling businesses in niche markets, aligning perfectly with Harvest’s vision.

“Harvest has demonstrated remarkable success as a leader in the wealth management software market in France. We are thrilled to support Virginie Fauvel and her team as they take the company to new levels, both within France and across Europe,” said Maxime Cancre, Director at TA Associates.

Antoine de Peguilhan, Partner at Montagu, added, “We see immense potential in Harvest’s unique market position. With the support of TA Associates, we look forward to working closely with Harvest’s management to capitalize on growth opportunities and further enhance their innovative solutions.”

As part of the new partnership, both TA Associates and Montagu will join Harvest’s supervisory board, bringing their strategic insights and industry expertise to guide the company’s future endeavors.

About Five Arrows

Five Arrows is the alternative assets arm of Rothschild & Co and has €26 billion AuM with offices in Paris, London, New York, Los Angeles, San Francisco, and Luxembourg. With over €9 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data and software, technology‑enabled business services and healthcare.

For more information, please visit http://www.rothschildandco.com/en/five-arrows/corporate-private-equity.

About TA Associates

TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer, and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai, and Hong Kong.

For more information, please visit www.ta.com.

About Montagu Private Equity

Montagu is a leading European mid-market buyout firm, specialising in finding and growing businesses which can deliver sustainable secular growth independent of economic cycles.  It has a strong capability and track record in five core subsectors: financial sector services, digital infrastructure, critical data, education and IP-led healthcare. Montagu’s approach is built around a defined, repeatable value creation methodology designed to identify and drive an acceleration in growth and it has developed a leading capability in carve-outs and primary buyouts.

For more information, please visit https://montagu.com

Media Contact:

Sophie Grébauval
+33 (0)7 77 83 96 42
sophie.grebauval@harvest.fr

SOURCE: Harvest