Irish co-founded Synova closes new €1 billion fund

Private equity firm with more than £1.7 billion in assets under management intends to back more Irish companies with Synova V fund

David Menton, co-founder of Synova: ‘More than half of the companies we've backed have expanded to the US and many Irish companies are interested in doing this from the get-go, so it is a good match’

Synova, an Irish co-founded private equity firm, intends to back more companies in Ireland after closing a new £875 million (€1.04 billion) fund.

The London-based growth investor has primarily targeted British companies to date, but David Menton, its co-founder and a Dubliner, said the firm was keen to increase deal flow here. Menton said that would primarily happen via Chrysalis, a £250 million dedicated pool of capital for smaller growth companies which is incorporated as ...