Inspirit Capital has sold Spaldings to Invicta Holdings

Inspirit Capital has successfully exited its investment in Spaldings Holding Limited through a sale to Invicta Holdings Ltd., a publicly listed company on the Johannesburg Stock Exchange (JSE).

Based in Lincolnshire, Spaldings is the largest distributor of agricultural parts and groundcare products in the UK and Ireland. Inspirit invested in the company in 2022, following its carveout from Japanese-listed Marubeni Corporation. Since then, Spaldings has quadrupled its earnings and is well-positioned to continue its strong growth trajectory.

Invicta is an investment group specializing in the wholesale and distribution of industrial consumables, spare parts and capital equipment across multiple regions and industries.

Inspirit is a UK-based investment firm backed by a select group of institutional investors. The firm focuses on investing in small and medium-sized businesses headquartered in the UK or Ireland that are being divested by large corporations. Inspirit has a strong track record of executing corporate carveouts and reinvigorating businesses in standalone, entrepreneurial environments.

Oaklins S&W, based in the UK, acted as the exclusive sell-side advisor to Spaldings. The transaction further reinforces the team’s strong track record in the industrial and agricultural sectors, highlighting their deep sector expertise and ability to deliver successful outcomes for clients.