Private equity firm Leon Capital has acquired the majority of Xynteo, a consultancy and strategic advisory firm that assists large companies with sustainability and energy transition guidance. Xynteo's founding family remains a minority shareholder, and senior employees at Xynteo will also have an ownership stake in the business. Additional investors in the deal include Yana Investment Partners and several family offices. Financial terms of the deal were note disclosed.
Related: See all M&A deals involving sustainability consultancies listed here.
Xynteo, based in Oslo, Norway, also has offices in the United Kingdom and India. The company had 96 employees listed on LinkedIn as of February 2023. Key customers have included ABB, BP, Hindalco, HUL, JLL, Mastercard, SAP, Shell, Tata, Unilever, Verizon, and Visa.
Xynteo says it helps executive management teams in three ways:
- To shape cultures and organisations to think and act differently;
- to create innovative, regenerative business models to compete and grow in new ways; and
- to embrace radical cross-sector, cross-border collaboration to tackle system challenges.
Leon Capital, based in London, had six employees listed on LinkedIn as of February 2023. The mid-market private equity firm invests in Western European companies -- primarily across the UK, France, Benelux and Switzerland areas. Leon Capital's focus involves tech-enabled services companies in the healthcare, business, software and energy transition services sectors.
At first glance, Leon Capital has a limited track record since the business was founded in 2022. However, the founding partners have more than 20 years of private equity experience across 45 platform and add-on deals, according to Leon Capital's company profile.