Synova Capital has acquired a significant minority stake in Preventx

Preventx provides outsourced self-sampling sexual health testing services to local authorities and the NHS, delivered via a fully integrated platform which combines a strong front-end online capability with state-of-the-art laboratory operations in Sheffield, England. The business has developed a strong reputation and track record in the execution of its services having recently been awarded the pan-London contract for self-sampling sexual health testing, making it the market leader in the country. Preventx now covers over one third of England via contracts with local authorities and the NHS.

Lincoln acted as exclusive financial advisor to Synova Capital, working closely with the deal team to provide support for the transaction, including valuation guidance, an exit review and insights on potential future strategic options for the business. Lincoln’s deal team leveraged the experience and capabilities of the firm’s Global Lincoln Healthcare Group, which has completed five laboratory deals in the last two years, to bring perspectives and expertise to bear as they supported Synova to assess the opportunity.

Matthew Lee, Managing Director at Lincoln International, commented, “We are delighted to have assisted Synova with their investment in Preventx, which is an exciting business that has built considerable momentum in recent years and become a critical partner to the public sector in the sexual health testing arena. This investment will support Preventx as it continues to scale up and seize the opportunities in the wider self-sampling market. The business is leading the shift to self-sampling and at-home testing due to its fully integrated front-end digital platform and state-of-the-art laboratory. Together those attributes make it well placed to become the provider of choice in both the public and private sectors while also opening the door to possible overseas expansion.”

Synova Capital Preventx
  • 2019
    Close Year
  • Healthcare
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • United Kingdom
The Lincoln International team quickly immersed themselves in the business and the market, leveraging the experience of their global healthcare team, to provide meaningful insight which will help shape the outlook for the business going forward. It was a pleasure to work with the team at Lincoln.
Tim Ashlin
Partner at Synova Capital

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