Leading growth investor Synova has exited technology-enabled security solutions provider Orbis Protect at a 3.2x return.
DC Advisory advised Synova, a UK-based growth capital and private equity firm, on the sale of Orbis Protect to PE firm Tiger Infrastructure Partners.
Synova invested in Orbis in 2021, helping drive a period of transformational growth, marked by expansion into Europe, entry into new market segments and continued development of its proprietary AI-enabled technology platform.
During Synova’s ownership period, revenue and EBITDA have grown by 172 per cent and 214 per cent respectively.
Ben Howard, CEO of Orbis, said: “I would like to thank Synova for their support over the past four-and-a-half years. Their insight, alignment with our ambition, and clear understanding of what makes the business distinctive have been instrumental in driving market-leading growth and strengthening our strategic position.
“Together, we have built a business with a compelling future while preserving the culture and values that define us. I am proud of what we have achieved together as Orbis looks ahead.”
Ben Snow, partner at Synova (pictured), added: “Synova’s investment in Orbis is a great example of our approach to partnering closely with portfolio leadership teams to help realise their vision and unlock enduring value.
“Working alongside Ben and the wider Orbis team has been a fantastic journey that has seen the business deliver across the full spectrum of value creation. We are proud to have supported Orbis through this phase of growth and wish Ben and the team every success in the years ahead.”
Tim Morris, CEO of DC Advisory, said: “A super deal to finish off a super financial year. Timing is everything.”