Leading European mid-market investor, Synova, is delighted to announce that Bonaccord Capital Partners (“Bonaccord” or “BCP”), has made a passive minority investment in the firm to support its future growth.
Bonaccord, a subsidiary of P10, Inc. [NYSE: PX], is a private equity platform dedicated to acquiring non-control equity interests in leading mid-market private market sponsors.
Founded in 2007, Synova is recognized as one of Europe’s most innovative growth investors, maintaining a tireless focus on working with exceptional companies to drive growth within the Software & Data, Health, Tech-enabled Services, and Financial Services sectors, generating market leading returns since its inception.
As a strategic minority investor in Synova, Bonaccord plans to support the firm through its global institutional network whilst providing additional capital to further Synova’s growth plans.
There will be no changes to governance, the investment process, or day-to-day management of Synova.
Houlihan Lokey served as the exclusive financial adviser to Synova. Kirkland & Ellis LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Synova and Bonaccord respectively.