After five years of partnership between Harvest and Five Arrows (the alternative assets arm of Rothschild & Co), TA Associates (“TA”) and Montagu Private Equity (“Montagu”) have entered into an agreement to become co-controlling shareholders of Harvest.

Five Arrows has successfully supported Harvest’s tremendous growth over the past five years, enabling the group to consolidate its position as a leader in France with significant technological and human development, and to build its international business with operations in Italy and Luxembourg. Harvest is now entering an ambitious new phase in its development strategy.

Virginie Fauvel (CEO of Harvest) and Five Arrows agreed to welcome TA and Montagu Private Equity, two leading global private equity firms, as shareholders of Harvest. The new partnership will support Harvest’s ambitious strategic plan, “the Spirit of Conquest”, with a focus on further international development. The transaction has received relevant regulatory approvals.

“Harvest is a company with great potential, anchored by an experienced executive committee that puts teamwork first. I believe we have all the foundations to build a European champion and perhaps more. We are joining forces with new partners, TA and Montagu, who are complementary and have the resources and deep industry experience to support us in this strategy. I’d like to extend my warmest thanks to Five Arrows for their tremendous contribution and support over the past five years, and to TA and Montagu Private Equity for trusting my team and me as we enter this exciting new chapter,” says Virginie Fauvel, CEO of Harvest.

“We have long admired Harvest as a champion of the wealth management software market in France and are thrilled now to have the opportunity to work with Virginie Fauvel, her team, and Montagu to develop the Company into a European leader, both organically and inorganically. We would like to congratulate Five Arrows on their successful investment, and we look forward to the next few years of building and distributing leading, modern software solutions to this exciting and growing industry,” said Maxime Cancre, Director at TA, and Patrick Sader, Managing Director at TA, who will join Harvest’s supervisory board.

“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,” said Antoine de Peguilhan, Partner at Montagu, and Guillaume Jabalot, Partner at Montagu, who will join Harvest’s supervisory board.