Synova

Synova is a growth focused investor supporting European companies valued between £20m and £250m. The firm manages £1.7bn of capital on behalf of institutional investors and family offices and invests across four sectors: Software & Data, Tech Enabled Services, Financial Services and Health & Education.[1] Synova partners with founders and managers to accelerate growth and drive exceptional returns. Synova is currently investing across the full mid-market spectrum from its £875m fifth fund, raised in 2022, which includes a dedicated £250m pool of capital, Chrysalis, to support smaller growth companies.

Synova
TypeLimited liability partnership
IndustryPrivate equity, venture capital
Founded2007
FoundersDavid Menton
Philip Shapiro
Headquarters
London
,
United Kingdom
Area served
United Kingdom
ProductsVenture capital, private equity funds, equity investment, management buy-in, management buyout, growth capital
AUM£1.7 billion
Websitewww.synova.pe

The firm was named UK House of the Year at the 2022 and 2020 Private Equity Awards and House of the Year at the 2022 and 2019 British Private Equity Awards, the fourth time in seven years Synova has won this prestigious accolade.[2] According to Preqin in 2023 Synova's returns place the firm as Europe's top performing private equity fund.[3]

Synova was founded in 2007 by its managing partners, David Menton and Philip Shapiro. Synova's other partners include Tim Ashlin, Alex Bowden, Daniel Silverton-Parker and Zachary Tsai.

Synova's 2007 Fund I was fully realised in 2018 generating a 4x return for investors. Synova's £110m 2013 Fund II has now returned three times its total invested capital following exits in 2018 and 2019 with only half the fund realised. Synova closed its 2016 third fund at £250m which is performing strongly with three times its total invested capital returned with only a third of the fund realised. Synova closed its 2019 fourth fund at its £365m hard cap.

Notable exits include the sale of Kinapse to Hg Capital generating a 16x return, the sale of Tonic Games to Epic Games for a 9x return and 200% IRR, the sale of Mandata for a 8x return and the sale of Mintec to Five Arrows Principal Investments for a 12x return. Synova’s average return on realised investments is 6.2x invested capital.

Current and past investments
Company Year of investment Return Sector
TLG Brands* 2008 - Exited 2016 3.0x [4] Other
Clearwater Care* 2009 - Exited 2017 2.5x [5] Health
dbg* 2010 - Exited 2013 5.8x [6] Tech Enabled Services
Kinapse* 2012 - Exited 2016 16.1x [7] Health
Mandata* 2013 - Exited 2018 8.0x [8] Software & Data
MK Test 2014 Tech Enabled Services
Stackhouse Poland* 2014 - Exited 2019 5.6x [9] Financial Services
Defaqto* 2015 - Exited 2019 3.9x [10] Software & Data
4Ways Healthcare* 2015 - Exited 2018 6.0x [11] Health
Merit Software* 2015 - Exited 2019 4.0x [12] Software & Data
Vistair 2015 Software & Data
Clyde Munro Dental 2015 Health
Travelsmart 2015 Other
Fairstone 2016 - Exited 2021 4.5x [13] Financial Services
Oakland 2016 Health
Avantra 2017 Software & Data
AllClear 2018 Financial Services
Mintec 2018 - Exited 2022 12.0x Software & Data
Chatsworth Schools 2019 Education
Pacifica 2019 Tech Enabled Services
Tonic Games* 2019 - Exited 2021 9.0x [14] Software & Data
Preventx 2019 Health
Charnwood Molecular 2020 Health
JMG Group 2020 Financial Services
Orbis Protect 2021 Tech Enabled Services
DM Financial 2021 Tech Enabled Services
National Education Group 2021 Software & Data
Unity5 2022 Software & Data
3173 2022 Financial Services
Mallcom 2022 Software & Data
Learnlight 2023 Tech Enabled Services

References
  1. "Our Focus", Synova Capital. Retrieved on 6 July 2013.
  2. "British Private Equity Awards 2022: winners announced | Unquote". 5 October 2022. Archived from the original on 2022-11-27.
  3. "Synova ranked UK's top performing private equity firm | Synova".
  4. "Synova bags 3x money return from TLG | Real Deals".
  5. "Synova exits special needs care business Clearwater to trade | Real Deals".
  6. "Synova Capital gets first fund off to a flyer with 5.8x DBG exit | AltAssets Private Equity News". 16 April 2013.
  7. "Synova nets 16.1x on Kinapse sale". February 2016.
  8. Alves, Joice (May 2018). "Synova Nets 8x Return on £20 Million Sale of Mandata to LDC". Wall Street Journal.
  9. "Arthur J. Gallagher to buy UK insurance broker Stackhouse Poland". 8 January 2019.
  10. "Houlihan Lokey Advises Defaqto | Transaction Details".
  11. "Alantra advised Synova Capitalon the sale of 4 Ways Healthcare Limited to ECI Partners".
  12. "Synova banks 4x money with Meritsoft sale to Cognizant | Real Deals".
  13. "Synova scores 4.5x on sale of Fairstone to TA | Unquote". 25 February 2021.
  14. "Synova exits Tonic Games Group to Epic Games | Real Deals".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.