New investment for Synova Capital in haulage and logistics software market

London-based private equity firm Synova Capital has bought software-as-a-service business Mandata, its second acquisition of 2013.

Cloud software services business Mandata is now under private equity ownership as it looks to grow its offering.

The company, which is focussed on the UK haulage and logistics market, was set up in 1974 and has its headquarters in Northumberland.

Mandata director Stephen Robinson says that the business has a ‘highly skilled and experienced team’ to lead it forward.

‘Increasing reliance on data and technology within the industry will deliver continued growth opportunities over the next few years,’ he says.

‘Partnering with Synova during this period will provide us with the financial resources and strategic support to fully exploit these opportunities.’

Mandata now joins the likes of outsourcing and consultancy service Kinapse and IT/telecoms business Actimax in Synova’s portfolio.

The private equity firm’s 2013 dealmaking has seen it back the acquisition of TL Care UK by portfolio business Clearwater Care and exit its interest in dbg.

Alex Bowden, partner at Synova and now a director at Mandata, adds, ‘We are delighted to be partnering with Steve and his team who have developed a market-leading suite of solutions.

‘The haulage and logistics market is demanding ever greater use of technology to manage environmental, commercial and regulation.’

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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