Synova Capital, a prominent growth investor, has successfully sold its portfolio company, MK Test, to Halma plc, delivering a threefold return on its invested capital. MK Test, a leader in testing high voltage electrical systems, serves critical industries such as aerospace, rail, and electric vehicles (EV). Through a decade-long partnership, Synova has played an instrumental role in MK Test’s significant growth and market expansion, underpinned by management enhancement, product innovation, and international market penetration. With Managing Director Jason Evans at the helm, MK Test has evolved from its Somerset base to a company with a global footprint. Synova proudly recounts the transformation during its ownership, which included a complete re-engineering of MK’s solutions and entry into new markets. Acknowledgments were made by Evans and Alex Bowden, Partner at Synova, as they reflected on the collaborative journey and expressed mutual appreciation for the partnership. The deal exemplifies Synova’s strategy of identifying and elevating potential market leaders through substantial growth and change, as they now look forward to MK Test’s continued expansion under Halma’s ownership.

Private Equity, Electrical & Electronic Manufacturing, Test & Measurement,United Kingdom, Global