Synova Capital
The Bolt-Ons Digest - 3 July 2023
Unquote’s selection of the latest add-ons with Palatine's Anthesis, Nordic Capital's Regnology, Waterland's Janssen and more
Synova sells minority stake to Bonaccord
Passive minority GP stake deal sees Synova join UK peers including MML and Inflexion in taking on external capital
Synova launches Vistair sale via Houlihan Lokey
UK-based GP bought the aviation, defence, MRO and engineering software provider for GBP 9m in 2015
Synova’s Clyde Munro exit parked in waiting room
Dental clinic sale could resume with improved macro conditions and after post-acquisition trasing plays out
Synova kicks off new fund deployment with Learnlight acquisition
Investment in Spanish edtech platform is the first from GBP 875m vehicle raised in three months last year
Synova invests in Mallcomm in Fund IV's final platform deal
Property management platform to explore acquisition opportunities in the US, Europe under new ownership
Synova V holds first and final close on GBP 875m hard-cap
The fund has a GBP 250m pool earmarked for smaller deals and expects to make a handful of DACH and Nordics investments
Synova to buy majority stake in 3173
GP and pension market services provider’s founders will focus on organic growth alongside selective acquisitions
Volpi hires Fairlie from Synova
Tech specialist closed its second fund in January 2021 and has made three hires this year
Synova sells majority stake in Mintec to Five Arrows
Synova reaps 12x invested capital and will reinvest in the company for a minority stake
Synova sells Pacifica's Home Services division to trade
GP invested in Pacifica in 2019 and will now focus on its applied services and warranty division
Synova backs National Education Group
Investment in the education-sector online training and development provider is the GPs sixth deal from Synova IV
Synova's Mintec buys Kairos
Synova acquired its stake in Mintec from the Peksa family in early 2018
Synova invests in NorthEdge-backed Orbis Protect
NorthEdge bought the building security company in 2018 and will retain a minority stake in the firm
Synova invests in Doran + Minehane
GP aims to support the Ireland-headquartered asset management accountancy firm's acquisitive growth
Synova sells Tonic Games to Epic, nets 200% IRR
Exit closely follows that of Fairstone Group to TA, which resulted in a 4.5x return
Synova scores 4.5x on sale of Fairstone to TA
UK-based IFA consolidation platform is the first exit for Synova's third fund
Synova buys insurance broker JM Glendinning
GP invests in the company via its fourth fund, which closed on its £365m hard-cap in June 2019
Synova-backed Fairstone acquires Chiltern House
Synova committed £25m to the development of Fairstone in 2016, drawing equity from Synova III
Synova-backed Fairstone acquires Mantle Financial Planning
Synova committed £25m to the development of Fairstone in 2016, drawing equity from Synova III
Synova-backed Fairstone acquires domestic IFA firms
Synova committed £25m to the development of Fairstone in 2016, drawing equity from Synova III
Synova promotes Tsai to partner
In addition to the new partner, the firm has also promoted Matthew Charman to investment director
Synova returns to life sciences with Charnwood investment
Second investment for Synova's latest vehicle, following Preventx last October
Synova inks first deal from latest fund with Preventx
Preventx is a provider of online-led sexual health testing and diagnostic services