Synova Capital Closes Second Fund at £110M

UK-based private equity investor Synova Capital closed its second fund at £110m.

Synova Capital Fund II was raised in less than three months from both existing and new limited partners (including endowments, fund of funds, family offices, pension funds and insurance companies) from the UK, Europe and the US. First Point Equity acted as placement agent.

Synova II will continue the strategy of its predecessor fund investing in smaller UK growth companies with enterprise values between £5m and £30m.

Led by managing Partners Philip Shapiro and David Menton,  Synova invests in Business Services, Software & IT Services, Consumer & Leisure and Healthcare & Education areas.

FinSMEs

23/08/2013

Join the discussion