Kester Capital backs buy-out of ComplianceOnline

Provider of regulatory intelligence to the gambling and payment sectors, ComplianceOnline have been acquired in a management by-out, which is backed by primary buyout specialist, Kester Capital.

The deal will be representing Kester’s third portfolio bolt-on acquisition in the last 12 months, while ComplianceOnline have said that the acquisition will support its growth plans.

Adam Maidment, Managing Partner of Kester Capital, said: “We’re delighted to be investing in ComplianceOnline and look forward to partnering with Mike and the management team.

“Its ambition, management talent and potential for continued strong growth make ComplianceOnline a great example of the type of business that we are looking to back with first time institutional capital and support.”

As part of the agreement, David Morgan, found of ComplianceOnline, will now step down with Mike Woolfrey, who has been Chief Executive of the company since 2018, continuing to lead the business.

ComplianceOnline uses its Gambling Compliance, Payments Compliance and RegData to help compliance and legal terms around the world to manage risk, while also discovering new market opportunities.

David Morgan said: “I have been proud to have led ComplianceOnline to this point and am delighted to be handing over to Mike. His experience and expertise will take ComplianceOnline to the next chapter of growth.”

Woolfrey added: “This deal is an important and significant milestone for ComplianceOnline, and we are delighted to be partnering with Kester Capital.  We have huge potential for growth, and I am looking forward to leading the organisation as we move into this next phase.”

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