- Beech Tree Private Equity has reinvested alongside Synova
- Learnlight’s management team will remain as significant shareholders
- Synova is an innovative growth investor
Synova has invested in Learnlight, a provider of digital-first language and skills training to multi-national corporations. No financial details of the transaction were disclosed.
Learnlight is headquartered in London.
Beech Tree Private Equity has reinvested alongside Synova. Beech Tree first invested in the firm in 2017.
“The business has seen a five-fold increase in profitability and expansion into five countries here in Europe and Mexico since we invested and has significant opportunity to grow further in these territories as well as new ones,” said Andy Marsh, managing partner at Beech Tree.
Synova and Beech Tree will assist the company in targeted acquisitions to support further international expansion and continuing to develop its technology offering, according to a release.
“Learnlight’s industry-leading and digital-first proposition offers a multitude of expansion opportunities in a very large and fragmented global market,” said Tim Ashlin, partner at Synova.
Ashlin and Mike Mullally led the transaction for Synova, supported by Charles Dale and Mao Isobe, the release added. Ashlin and Mullally have joined the board of Learnlight.
Beech Tree’s investment in Learnlight was led by Andy Marsh and Adam Rudd. Andy will remain on the Board of Learnlight.
Learnlight’s existing management team will remain significant shareholders in the company.
Synova is an innovative growth investor that invests in companies valued between £20 million ($25 million; €23 million) and £250 million in the UK, Ireland, and continental Europe. The firm is based in London.
Beech Tree, based in Birmingham, England, is an investor focused on financial services, tech-enabled services, and technology. The firm invests between £10 million and £35 million into fast-growing businesses.