Dalriada Trustees’ Parent Company Announces Investment from Growth Investor Synova
28th June, 2022
I am delighted to confirm that 3173 Limited today announces an investment from Synova into its business.
The group’s businesses include Dalriada Trustees, the UK’s leading professional trustee firm, Spence & Partners a specialist outsourcer and consultancy, and Mantle a unique software as a service platform.
Increased regulation in the pensions market is resulting in a wave of consolidation of trusteeship and governance services. Dalriada is at the forefront of this change and we will be using this investment to bring our market leading proposition to the widest possible market.
To support the next phase of growth for our business we undertook a thorough evaluation of a wide range of funding options before choosing Synova as our partner. We are really excited to be partnering with them and looking forward to our future growth together.
David Menton, Managing Partner of Synova commented “We are delighted to be partnering with Brian and the rest of the team at 3173 to support the growth of the company. Investing in fast-growing, founder-owned businesses with a unique technology proposition is central to Synova’s investment philosophy. We look forward to the next exciting phase of their growth.”
The deal is subject to FCA clearance, we expect to receive this in the coming months.
Brian Spence Founder