Synova invests in Orbis Protect

June 2021

Download Press Release

Growth investor Synova is delighted to announce an investment into Orbis Protect Limited (“Orbis” or the “Company”). Orbis is a leading provider of critical security services to the UK vacant property sector. Synova is backing CEO, Ben Howard and as part of the transaction, incumbent investor NorthEdge will remain a significant minority shareholder in the new group.

Over the past three years, Orbis has grown revenues at a CAGR of 17% and added to its technology capabilities through the acquisition of Optosafe, a provider of leading edge CCTV services. The Company also ranked eighth in The Sunday Times’ Profit Track in 2020. The sector is expected to benefit from strong tailwinds given structural changes in the commercial property market that have accelerated over the last 18 months.

In addition to focussing on organic growth, Orbis will also be targeting a number of strategic acquisitions across a highly fragmented UK and European Market.

Commenting on the transaction, Ben Howard, CEO said:

“We’re looking forward to the next step on our growth journey with Synova and NorthEdge. Their support provides us with a fantastic opportunity to invest more into new technology, products and services, building on the great progress we have made in the last three years and allowing us to continue providing the best experiences for our customers and colleagues.”

Alex Bowden, Partner at Synova, commented:

“We are delighted to be partnering with the team at Orbis as well as NorthEdge. The business has an enviable position in the UK market place, delivering exceptional quality and service delivery to its client base. We look forward to supporting Ben and the wider management team with the continued investment in People, Technology and delivery of an ambitious M&A strategy.”