Growth Capital • Financial Services

Synova Invests In Fairstone Group

On April 25, 2016, private equity firm Synova invested in financial services company Fairstone Group

Investment Context
  • This is Synova’s 1st transaction in the Financial Services sector.
  • This is Synova’s 15th transaction in the United Kingdom.
Investment Fate
  • Fairstone Group was sold to a consortium of financial buyers in 2021.

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Investment Summary

Date April 25, 2016
Target Fairstone Group
Sector Financial Services
Investor(s) Synova
Deal Type Growth Capital

Target Company

Fairstone Group

Tyne and Wear, United Kingdom
Fairstone Group is an independent financial adviser consolidation platform. Fairstone utilises a proprietary technology platform to streamline front and back office functions, underpinned by a robust compliance and regulatory framework. Fairstone Group was established in 2008 and is based in Tyne and Wear, United Kingdom.
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Investor Overview 1

Investor

Synova

London, United Kingdom

Investor Investor Investor Investor Investor


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 Context for Investor #
Overall 17 of 37
Sector: Financial Services 1 of 2
Type: Growth Capital 3 of 14
Country: United Kingdom 15 of 33
Year: 2016 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 TLG Brands

Farnborough, United Kingdom

TLG Brands, which holds the Fiorelli, NICA and Modalu fashion labels, is the UK's major supplier of affordable luxury handbags and accessories. TLG Brands has significantly grown market share in recent years and the brands themselves are sold throughout the UK in more than 500 independent retail outlets and leading department stores. Over the past three years, the Group has successfully launched Fiorelli, NICA and Modalu in a number of international markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-21 Oakland Care

Chigwell, United Kingdom

Oakland Care is a provider of premium private-pay elderly care focused on the South East of England. Each home offers superior amenities, ample and varied day space, attractive landscaping, and generous room sizes, with a focus on providing market-leading care in a friendly and welcoming environment. Oakland Care is based in Chigwell, United Kingdom.

Buy £30M