International law firm Addleshaw Goddard has advised Bishop Fleming, a leading audit, accountancy, tax, and advisory firm, on a minority private equity investment for Synova. 

The investment will enable Bishop Fleming to accelerate its planned growth strategy to become one of the leading national firms in the UK through strategic M&A activity.

Synova is an innovative growth and private equity investor, which currently manages more than £1.7bn of capital in the UK, Ireland and Continental Europe across markets including financial services.

Addleshaw Goddard’s multi-disciplinary team, led by Paul Medlicott, Katie Parker, Daniel Conway and Ben Davies provided seamless support across corporate, professional practices and specialist areas.

Paul Medlicott (Head of Private Equity at Addleshaw Goddard) said:

“It has been a privilege to collaborate with Andrew Sandiford and the team at Bishop Fleming on this partnership with Synova, which leaves them ideally placed to see their growth gather even more pace in the coming years. We have seen, and continue to see, a huge amount of interest from private equity investors in accountancy services firms, law firms and other professional practices. Our market leading team has extensive experience in the sector and we were delighted to bring this expertise to bear in this transaction.”

This transaction highlights Addleshaw Goddard’s position as a trusted advisor to professional services firms navigating private equity opportunities, delivering impactful solutions to drive growth and innovation.

Andrew Sandiford, Managing Partner at Bishop Fleming, added: