Synova
Synova is a London-based private equity firm founded in 2007 by David Menton and Philip Shapiro, investing in lower and mid-market growth companies across the UK, Ireland and the DACH region. It backs businesses across three sectors: Software and Data, Tech Enabled Services and Financial Services, and manages around GBP 1.7 billion of capital for institutional investors and family offices. Synova LLP is authorised and regulated by the Financial Conduct Authority under FRN 471173.
Key facts
Recent exits
Coverage notes
4 funds tracked, 24 portfolio companies (12 active · 12 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
24 companiesFunds & portfolio
Every fund Synova has raised, with its portfolio companies. Hand-checked from public filings.
Synova Capital Fund VGrowth2022 · 4yr€1.0B9 active
Unrealized
9 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Software |  UK | 2022 | |
| IT Services |  Germany | 2025 | |
| Business Services | UK | 2025 | |
| PropTech | UK | 2022 | |
| Software |  Ireland | 2025 | |
| EdTech | UK | 2023 | |
| Business Services | UK | 2024 | |
| Software | UK | 2024 | |
| Software | UK | 2022 |
UK· Entry 2022Germany· Entry 2025UK· Entry 2025UK· Entry 2022Ireland· Entry 2025UK· Entry 2023UK· Entry 2024UK· Entry 2024UK· Entry 2022Synova Capital Fund IVGrowth2019 · 7yr€427M2 active · 3 realized
Unrealized
2 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Financials | UK | 2021 | |
| EdTech | UK | 2021 |
UK· Entry 2021UK· Entry 2021Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| InsurTech | UK | 2020 | 2025 | Secondary | – | ||
| Business Services | UK | 2021 | 2026 | Secondary | |||
| Gaming | UK | 2019 | 2021 | Trade Sale |
Synova Capital Fund IIIGrowth2016 · 10yr€293M1 active · 3 realized
Unrealized
1 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Data & Analytics | UK | 2017 |
UK· Entry 2017Realized
3 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Software |  Switzerland | 2017 | 2024 | Secondary | |||
| Financials | UK | 2016 | 2021 | Secondary | |||
| Software | UK | 2018 | 2024 | Secondary |
Synova Capital Fund IIGrowth2013 · 13yr€129M0 active · 6 realized
Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| HealthTech | UK | 2015 | 2018 | Secondary | |||
| Fintech | UK | 2015 | 2019 | Trade Sale | |||
| Software | UK | 2014 | 2018 | Secondary | |||
| Fintech | UK | 2015 | 2019 | Trade Sale | |||
| Industrials | UK | 2014 | 2024 | Trade Sale | |||
| Financials | UK | 2014 | 2019 | Trade Sale |
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About Synova
Synova is a UK growth-capital private equity firm with approximately £1.7 billion of capital managed on behalf of institutional investors and family offices as of December 2024, headquartered in London. The firm was founded in 2007 and operates as a partner-owned independent PE firm. Synova was named Europe's top-performing PE fund manager by Preqin in 2024 and won Private Equity House of the Year at the British PE Awards in 2020, 2022 and 2025.
Investment thesis
Synova deploys capital through five flagship funds (Synova I through Synova V), with Fund V (£875 million 2022 vintage) including the dedicated £250 million Chrysalis pool for smaller growth companies. Investment strategy targets growth-capital buyouts of European companies valued £20 million to £250 million across three interrelated core sectors: software and data, tech-enabled services and financial services. Geographic deployment is UK-core with selective continental European exposure.
Recent activity
Recent realised exits include enterprise software (October 2024), InsurTech and financial services (2024) and insurance distribution and financial services (October 2025). Recent acquisitions include Klearcom (voice and software, November 2025) and the JMG Group reinvestment (financial services, October 2025). The platform continues active deployment of Fund V. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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United Kingdom·€2.3BGet the full picture on Synova.
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