Kester backs ComplianceOnline MBO

Unquote understands that the company's EV is between £10-25m.

This is the first investment made by Kester via its new Kester Capital II fund, which held a first close earlier this year on around £50m, Unquote understands. The vehicle typically writes equity cheques of £5-25m.

As part of the deal, founder and executive chair David Morgan will step down, while Mike Woolfrey, who has been CEO since 2018, will continue to lead the business. 

Company
Founded in 2007 and headquartered in London, Washington, California and Taipei, ComplianceOnline specialises in gambling compliance, payments compliance and regulatory intelligence. The company enables compliance and legal teams around the world to manage risk and discover new market opportunities by providing insight, analysis, commentary and research. 

People
Kester Capital – Adam Maidment (managing partner).
ComplianceOnline - Mike Woolfrey (CEO).

Advisers
Equity – Spectrum Corporate Finance (corporate finance); Travers Smith (legal); Grant Thornton (financial due diligence, tax); AJ Gallagher (insurance due diligence); Plural Strategy (commercial due diligence).
Company – Osborne Clark  (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• UK / Ireland
• Support services
• Kester Capital
• United Kingdom
• Grant Thornton
• Osborne Clarke
• Travers Smith