Investment Summary

Synova Invests In Synectics

On April 1, 2024, private equity firm Synova invested in information technology company Synectics

Investment Highlights
  • This is Synova’s 2nd transaction in the Information Technology sector.
  • This is Synova’s 32nd transaction in the United Kingdom.

Investment Summary

Date 2024-04-01
Target Synectics
Sector Information Technology
Investor(s) Synova
Deal Type Growth Capital

Target

Synectics

Stoke-on-Trent, United Kingdom
Synectics provides software and data solutions to mitigate fraud and financial crime risks. The company serves over 170 clients across the private and public sectors globally, supporting them in solving problems around organized financial crime, money laundering, customer identification, and financial inclusion. Synectics was formed in 1992 and is based in Stoke-on-Trent, United Kingdom.

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Investor(S) 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 STATS #
Overall 36 of 37
Sector: Information Technology M&A 2 of 2
Type: Growth Capital M&A Deals 13 of 14
Country: United Kingdom M&A 32 of 33
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 Mecsia

Cambridgeshire, United Kingdom

Mecsia is a provider of mechanical and electrical engineering services in the UK. The Company uses disruptive smart technology to deliver regulated building maintenance, testing and compliance services across nine engineering hubs in the UK, helping to reduce its clients’ costs and drive sustainability in the process. Mecsia is based in Cambridgeshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 MK Test Systems

Wellington, United Kingdom

MK Test Systems is a provider of automated electrical test solutions to the aerospace, rail, and oil & gas industries. MK Test provides software and systems used in the production and maintenance of all aircraft in the Airbus range as well as the Boeing 767, 777, and 787 models. MK Test was founded in 1992 and is based in Wellington, England.

Sell -