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Growth Equity

Synthesis Capital

Synthesis Capital takes minority stakes in growing companies, usually without full control, from London, United Kingdom. It states a focus on food & beverage.

Disclosed holdings11
Most recent fund2025filing since 2021
HeadquartersLondon, United Kingdom
Largest single fundNot stated

Stated investment criteria

What Synthesis Capital says it buys

Read from Synthesis Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page71

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Synthesis Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Synthesis Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raisedNot disclosed in filings
Largest single vehicleNot disclosed in filings
Filing history2021 to 2025
Smallest accepted commitment$250k
Filed fromGUERNSEY

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Synthesis Capital is registered

Registered with the SEC as an investment adviser, and incorporated in the United Kingdom.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised2 · $318m gross
SEC adviser numberCRD 319758
Companies House numberOC434227
Incorporated2020-11-15
Register statusActive
Officers on the register2

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Synthesis Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Culture Biosciences
Equinom
Hyfé
Mozza Foods
New Culture
Perfect Day
Pow.Bio
Redefine Meat
Savor
Triplebar
Upside Foods

Compiled from Synthesis Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Food & Beverage

What companies have actually sold for in food & beverage, across 386 recorded transactions.

Median consideration$143m
Middle 50%$40m-$337m
Revenue multiple1.35×
EBITDA multiple10.15×

The full food & beverage picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in food & beverage.