Investment Summary

Synova Invests In Merit Software

On September 10, 2015, private equity firm Synova invested in software company Merit Software

Investment Highlights
  • This is Synova’s 2nd transaction in the Software sector.
  • This is Synova’s 1st transaction in Ireland.
Investment Fate
  • Merit Software was sold to a publicly-traded strategic buyer in 2019.

Investment Summary
Date 2015-09-10
Target Merit Software
Sector Software
Investor(s) Synova
Deal Type Growth Capital

Target

Merit Software

Dublin, Ireland
website
Merit Software is a provider of payable and receivable reconciliation and workflow solutions to global investment banks, brokers and clearing houses. Meritsoft was founded in 2000 and is based in Dublin, Ireland.

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Investor(S) 1

Investor

Synova

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 1.7B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Synova is an independent private equity firm that invests in mid-market companies throughout the UK. Prospective companies generally possess stable cash flows, strong competitive positions and are led by experienced management teams. Synova looks to invest £15 to £150 million in transactions valued up £250 million. Synova will also consider co-investment situations. The Firm targets companies operating in the consumer products, financial services, leisure, healthcare, education business services, and IT sectors. Funds are generally used to support buyouts and growth capital needs. Synova was formed in 2007 and is based in London.

DEAL STATS #
Overall 14 of 33
Sector (Software) 2 of 5
Type (Growth Capital) 1 of 11
Country (Ireland) 1 of 2
Year (2015) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-11 Fleetway Travel

London, United Kingdom

Fleetway Travel Ltd. is an online provider of exclusive luxury travel deals. Fleetway Travel was established in 1987 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 Clyde Munro Dental Group

Glasgow, United Kingdom

Clyde Munro Dental Group is a dental practice consolidation platform. Clyde Munro offers practices an opportunity to hand over the dual burdens of practice and regulatory management, freeing up dentist’s time to treat patients, whilst retaining the community identity of the practice. Clyde Munro Dental Group was established in 2015 and is based in Glasgow, United Kingdom.

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Mergr

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