TA Associates and Montagu Private Equity have agreed to become co-controlling shareholders of Harvest, a French fintech owned by Five Arrows, the alternative assets arm of Rothschild & Co.
The transaction has already received relevant regulatory approvals.
Harvest provides wealth management and finance software to more than 4,600 clients, according to its website. The fintech is led by CEO Virginie Fauvel CEO of Harvest.
The new partnership will support Harvest’s strategic plan, “the Spirit of Conquest”, with a focus on further international development. Antoine de Peguilhan and Guillaume Jabalot, both Partners at Montagu, will join Harvest’s supervisory board.
De Peguilhan and Jabalot jointly commented: “Montagu has a long history of investing into financial sector solutions and software and Harvest aligns with our strategy of working with strong platforms in growing market niches to drive an acceleration in performance. We have been genuinely impressed with what Virginie Fauvel and her team have achieved, with the support of Five Arrows, since the take private of Harvest in 2020. Harvest holds a unique position, successfully established as a primary reference SaaS solution for the wealth management industry in France, with multiple avenues for further expansion both organically and via acquisitions. We are excited about the prospect of partnering with Harvest management and TA for the next phase of the company’s growth.”
