Synova LLP

Synova LLP is a London-based private equity firm established in 2007. It specializes in providing growth capital to mid-market companies, typically valued between £10 million and £100 million, across the UK and Ireland. Synova partners with talented entrepreneurs and management teams, offering not just funding, but also strategic guidance, industry expertise, and network support to accelerate business growth. The firm has a broad investment focus, including software, data, technology-enabled services, healthcare, education, and financial services, among others.

Tim Ashlin

Partner

Oliver Bevan

Partner

Alex Bowden

Partner

Katia Mendonca

Investment Manager

David Menton

Co-Founder and Managing Partner

Michael Mullally

Investment Director

Philip Shapiro

Co-Founder and Managing Partner

Zachary Tsai

Partner

29 past transactions

Mecsia Group

Private Equity Round in 2024
Mecsia is a provider of mechanical and electrical engineering services, focusing on the corporate, healthcare, and retail sectors. The company offers dynamic and flexible building inspection and maintenance services, utilizing smart technology to enhance the efficiency of regulated building maintenance, testing, and compliance. By streamlining these processes, Mecsia aims to reduce costs and promote sustainability within the technical services market.

Learnlight Software

Private Equity Round in 2023
Learnlight Software, founded in 2007, is a cloud-based language training platform that aims to bridge the gap between education and technology. The company focuses on enhancing instructor-led training by integrating cutting-edge technology, rather than replacing traditional methods. Learnlight provides a range of corporate training solutions, including language training, cultural awareness training, and soft skills development. Its innovative approach combines face-to-face, virtual, and digital learning formats, allowing businesses to address fundamental pedagogical and operational challenges while empowering talented trainers to create impactful learning experiences. With its commitment to fostering professional growth, Learnlight prioritizes the belief that people are the most valuable asset in the learning process.

Mallcomm

Acquisition in 2022
Mallcomm is a comprehensive technology platform designed to manage and engage real estate communities, including tenants, operations, suppliers, and shoppers. Launched in 2013 by Toolbox Group, it enhances user experiences within retail environments by fostering connections and loyalty while delivering operational efficiencies and valuable insights. The platform is utilized in over 300 destinations across 22 countries and has more than 300,000 active users globally. Mallcomm serves a diverse clientele, including prominent names in real estate such as Unibail-Rodamco-Westfield and Brookfield Retail Properties. Its modular design allows for use across various real estate classes, including retail, office, and residential spaces. By facilitating real-time communication and data sharing among stakeholders, Mallcomm helps streamline operations and improve tenant engagement, contributing to measurable returns on investment for property owners and managers. With its foundation in England and operational hubs throughout Europe and the USA, Toolbox Group continues to expand Mallcomm's reach and impact in the real estate sector.

3173

Acquisition in 2022
3173 is a provider of pensions administration software and governance services tailored for the UK pensions industry. The company offers a range of consulting and support services, including trusteeship, actuarial services, and specialist information technology assistance. These services enable clients to efficiently manage personal pension plans, private medical coverage, life assurance, and income protection. By focusing on governance and administrative solutions, 3173 aims to enhance the effectiveness of pension management for its clients.

Orbis Property Protection

Acquisition in 2021
Orbis Property Protection specializes in vacant property security and offers comprehensive management services for commercial and social housing properties. The company provides lone worker protection through its accredited Alarm Receiving Centre and delivers specialist cleaning and infection control services to clients in both the private and public sectors. In the UK, Orbis secures over 15,000 vacant properties and protects 25,000 lone workers while cleaning approximately 60,000 properties each year. By offering a one-stop-shop solution, Orbis helps clients mitigate the risks associated with vacant buildings and ensures compliance with insurance requirements in a cost-effective manner. With more than 40 offices and depots across the UK, the company provides a responsive, fully-resourced local service supported by a fleet of over 200 vehicles.

Fairstone Group

Private Equity Round in 2021
Fairstone Group Limited, established in 2008 and headquartered in Boldon, UK, is a financial services company specialising in financial planning and wealth management. It offers a range of services including retirement planning, savings and investments, mortgages, and estate planning to both retail and corporate clients. Fairstone operates a technology platform to deliver these services, aiming to provide cost-effective and efficient solutions. Additionally, the company facilitates acquisitions of Independent Financial Advisor (IFA) businesses. Fairstone Group Limited employs a substantial number of staff, reflecting its significant operations.

JM Glendinning

Acquisition in 2020
JM Glendinning is an insurance brokerage firm that focuses on providing comprehensive solutions to protect against damages and losses. The company specializes in commercial risk management services, offering a range of offerings including business insurance, personal insurance, health and safety consultancy, and employment law advice. By delivering tailored services, JM Glendinning aims to help clients effectively manage risks and secure a stable foundation for their future endeavors.

Preventx

Private Equity Round in 2019
Preventx Limited is a provider of integrated diagnostic services focused on making sexual health screening more accessible and cost-effective. Established in 2008 and based in Sheffield, United Kingdom, the company develops self-sampling kits that are assembled locally, with laboratory testing conducted at its Sheffield facility. Preventx partners with clinical services to deliver screening options to over 90% of the UK through contracts with Local Authorities and the NHS. Their offerings include public screening services, remote diagnostics, and specialized tests for sexually transmitted infections, as well as cancer and well-being screenings. Notable initiatives include freetest.me, a pan-London service, and test.hiv, which has received recognition for its effectiveness. Additionally, Preventx provides discreet postal laboratory testing through test.me, further enhancing access to sexual health services.

Mediatonic Games

Private Equity Round in 2019
Mediatonic develops and publishes games for digital platforms such as Smartphones, PC, Switch, Playstation and XBOX. The company has 4 game studios in the UK and another in Spain. The group is headquartered in Central London. The company also has a publishing office in Tokyo. The company operates a technology platform known as 'Game Fuel' which allows it to serve and manage content to millions of players across multiple gaming platforms.

Expana

Acquisition in 2018
Mintec is a provider of global pricing data and intelligence for non-traded food ingredients. Mintec's software as a Service platform allows supply chain and procurement professionals to access commodity data, analytics, and insight to optimize procure performance and reduce supply chain risk.

AllClear Insurance Services

Acquisition in 2018
AllClear Insurance Services is a specialist travel insurance broker for customers with pre-existing medical conditions. AllClear has been highly successful in the development of specialist range of insurance products and services.

Avantra

Acquisition in 2017
Avantra is a leading provider of AIOps solutions specifically designed for SAP automation operations, enabling businesses to transition into self-healing enterprises. Founded in Switzerland in 2000, Avantra offers a unified operations platform that supports both on-premises and cloud environments, including SaaS and hybrid models. The platform enhances SAP management, monitoring, and analysis through automation and intelligent self-remediation, ensuring early detection of performance and compliance issues. By partnering with major technology companies like AWS, Microsoft Azure, and Google Cloud, Avantra aids SAP-centric enterprises and managed service providers in achieving operational excellence and digital transformation. Its software eliminates the need for repetitive SAP tasks, automates daily management processes, and provides critical analytics, helping clients reduce costs, minimize system downtime, and streamline reporting. Avantra is trusted by enterprises and managed service providers worldwide for its unmatched intelligence and insight into landscape health.

Oakland Primecare

Acquisition in 2016
Oakland Primecare provides residential, dementia and nursing care. It is a platform for the development of premium private pay residential care in the South East of England.

Fairstone Group

Private Equity Round in 2016
Fairstone Group Limited, established in 2008 and headquartered in Boldon, UK, is a financial services company specialising in financial planning and wealth management. It offers a range of services including retirement planning, savings and investments, mortgages, and estate planning to both retail and corporate clients. Fairstone operates a technology platform to deliver these services, aiming to provide cost-effective and efficient solutions. Additionally, the company facilitates acquisitions of Independent Financial Advisor (IFA) businesses. Fairstone Group Limited employs a substantial number of staff, reflecting its significant operations.

Vistair Systems

Venture Round in 2015
Vistair Systems Limited, founded in 2001 and based in Bristol, United Kingdom, specializes in providing web-based safety, efficiency, and compliance solutions for the airline industry. The company develops cloud-based software that digitizes essential information and data for pilots and crew members, including flight operation manuals, safety reporting, and quality measurement. This digital transformation enhances communication between flight operators and ground staff, ultimately contributing to safer and more efficient flight operations.

Clyde Munro Dental Group

Acquisition in 2015
Clyde Munro Group operates a network of dental practices that focus on providing comprehensive dental care for both children and adults. The organization offers a wide range of services, including dental checkups, mouth cancer screenings, fillings, tooth extractions, root canals, dentures, crowns, tooth whitening, orthodontics, facial aesthetics, and sedation. By managing the operational and regulatory aspects of dental practices, Clyde Munro allows dentists to concentrate on patient care while maintaining the unique community identity of each practice. This approach aims to enhance the overall patient experience and promote long-term dental health.

Merit Software

Venture Round in 2015
Merit Software Ltd is a specialist provider of case management solutions. Operational teams working in capital markets houses today face tough challenges. Meritsoft Founding Partners Kerril and Paul Burke decided to take action. Prior to founding Meritsoft, Kerril had over 20 years’ experience in investment banking and fund management across Audit, Controls, Finance and Operations groups. As a qualified Chartered Accountant/ CPA working through an Operations lense, Kerril could see the many benefits of automation. Kerril knows that payables and receivables is real money. It sits on every bank’s balance sheet. It is money owed to the bank. Furthermore the longer debt is aged, the more difficult it is to collect, the more exposure and capital charges that will apply and the more likely it is to be written off and lost. Kerril also knows that with the right procedures/software in place to manage payables and receivables, capital markets houses can.

Fleetway Travel

Acquisition in 2015
Fleetway Travel Ltd., a subsidiary of Great Value Vacations LLC, is a well-established travel company with over 40 years of experience in creating bespoke holiday packages at competitive prices. The company is dedicated to making travel accessible to everyone and offers a range of attractive deals to various destinations. Fleetway has recently revamped its website to enhance user experience, making it easier for customers to find holiday options and travel inspiration. The company operates call centers in London and Sheffield to assist clients with inquiries and provide travel advice. Fleetway is committed to customer protection, being a member of ABTA and holding an ATOL license, which ensures financial security for customers in the event of any operational issues with their travel arrangements.

4Ways

Acquisition in 2015
4Ways Healthcare specializes in providing remote radiology reporting services to healthcare providers in the United Kingdom. The company offers a range of services including out-of-hours radiology reporting for urgent cases, stroke assessments, polytrauma evaluations, and triage, as well as routine and specialist reporting in areas such as neuroradiology, musculoskeletal imaging, CT colonoscopy, nuclear medicine, and mammography. Additionally, 4Ways Healthcare provides clinical audit services to enhance the quality of care. Through its teleradiology platform, the company helps hospitals and clinical commissioning groups deliver efficient and cost-effective diagnostic image reporting, ultimately improving patient access to essential radiology services.

Defaqto

Acquisition in 2015
Defaqto Group Limited, established in 1994, is a UK-based independent financial research company. It provides a range of services including financial product and fund databases, online guides, ratings services, and software solutions. Defaqto's offerings help financial institutions develop and promote products, while intermediaries can use them to advise clients and support consumer decisions. The company serves various sectors such as independent financial advisers, mortgage and insurance brokers, product providers, and public sector agencies. Its flagship products include Defaqto Engage, a research software solution, and Defaqto Suitability Report Writer, an intelligent report generator. Defaqto's mission is to empower financial institutions and consumers to make better-informed decisions.

Stackhouse Poland

Acquisition in 2014
Stackhouse Poland is an insurance brokerage firm that focuses on delivering customized insurance solutions for High Net Worth Private Clients, as well as businesses, charities, and individuals seeking health and protection insurance. The company emphasizes a relationship-driven approach, offering expert advice and support to ensure clients receive high-quality insurance products suited to their specific needs. By leveraging its expertise, Stackhouse Poland aims to secure competitive premiums and comprehensive coverage for its diverse clientele.

MK Test Systems

Acquisition in 2014
MK Test Systems Ltd. is an electrical testing technology company based in Taunton, United Kingdom, founded in 1992. The firm specializes in designing, manufacturing, and supplying automatic electrical testing solutions for various sectors, including aerospace, defense, automotive, rail, and commercial electric vehicles. Its products facilitate testing for a wide range of applications, such as aerospace harnesses, military electrical assemblies, complete aircraft electrical systems, train power systems, and motorsport harnesses. Additionally, MK Test Systems addresses the needs of specialist vehicle manufacturers, including those in the global rail industry, and develops solutions for the rigorous testing required in subsea oil and gas installations. Through its innovative technology, the company provides clients with comprehensive electrical testing software and services.

Mandata (Management & Data Services)

Acquisition in 2013
Mandata Ltd. is a leading provider of software solutions for the transport and logistics industry, established in 1974 and based in Cramlington, United Kingdom. The company specializes in transport management software, offering both cloud-based and on-premise applications designed to streamline road haulage operations. Its comprehensive portfolio includes fleet tracking, job geo-fencing, driver behavior monitoring, mobile applications, and web-based order entry and visibility solutions. Additionally, Mandata Ltd. provides management software for proof of delivery, invoicing, and customer quotations, along with a warehouse management system for inventory control and order processing. The company's services extend to various sectors, including bulk haulage, temperature-controlled distribution, and vehicle logistics. Furthermore, Mandata Ltd. offers data backup, disaster recovery, software customization, implementation, training, and technical support, as well as telematics and in-cab equipment manufacturing. Formerly known as Softleaf Limited, the company rebranded to Mandata Ltd. in August 2010.

Kinapse

Private Equity Round in 2012
Kinapse Ltd. is a consulting and outsourcing firm that specializes in serving life sciences organizations both in the United Kingdom and internationally. Founded in 2005 and headquartered in London, with additional offices in New York, Radnor, and India, Kinapse provides a wide range of services including quality and compliance, medical affairs, clinical operations, regulatory affairs, and pharmacovigilance, among others. The firm is dedicated to delivering actionable insights and innovative solutions to its clients, who include leading organizations in the life sciences sector, as well as their customers, suppliers, and regulators. Employing over 500 professionals globally, Kinapse focuses on building expert teams to ensure optimal client service and outcomes, operating under a set of deeply held values that prioritize excellence in all engagements. As of August 2018, Kinapse operates as a subsidiary of Syneos Health, Inc.

Actimax

Acquisition in 2011
CloudXL is the culmination of 15 years of cloud, collaboration and networking experience. We have over 800 clients in financial, professional, public and housing sectors.

DBG (UK)

Acquisition in 2010
DBG (UK) Limited, based in Witham, United Kingdom, specializes in providing comprehensive healthcare support services to various medical practices, including those in the fields of medicine, veterinary care, chiropody, and dentistry. Established in 1990, the company offers a range of services such as training in basic life support, medical emergencies, infection control, and fire safety, alongside engineering and compliance services. Additionally, DBG provides business services, membership options, calibration services, and supplies of materials and equipment tailored to meet the specific needs of healthcare providers. Formerly known as Newco DBG Limited, the company rebranded to DBG (UK) Limited in April 2010.

Clearwater Care

Acquisition in 2009
Clearwater Care specializes in providing residential homes and support services for individuals with learning disabilities, including those on the autism spectrum. The company operates communities and facilities that offer residential care and supported living services across the South East of England, including London and the Midlands. Focused on individuals aged 18 to 65, Clearwater Care aims to deliver high-quality care that fosters independence and enhances the quality of life for its residents. Their transitional supported living services further assist individuals in adapting to more independent living arrangements.

The Lunan Group

Acquisition in 2008
The Lunan Group Ltd. distributes leather goods. The Company offers leather products. The Lunan Group serves customers in the United Kingdom.

TLG Brands

Acquisition in 2008
TLG Brands Ltd. is a designer and retailer of fashion accessories, specializing in affordable luxury handbags and related items. The company offers a diverse range of products, including handbags, purses, jewelry, sunglasses, and watches. Founded in 1988 and based in Farnborough, United Kingdom, TLG Brands owns well-known labels such as Fiorelli, NICA, and Modalu. Its products are distributed through over 500 independent retail outlets, leading department stores, and a growing online platform, both in the UK and internationally. TLG Brands has experienced significant market growth in recent years, successfully expanding its brand presence into various international markets. The company operates as a subsidiary of Global Brands Group Holding Limited.
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