BGF acquires minority stake in TCC for £10m

TCC said that the fresh capital will be invested in marketing, team expansion and infrastructure.

The GP was attracted to the deal by an increased market focus on financial regulatory standards and by TCC's product RecordSuite. The software-as-a-service tool provides near-real-time analysis of financial product vendors' interaction with their customers.

To date in 2014, BGF has invested £2.8m in Birmingham-based cycling rental and services company Rutland Cycling, £5m in Aberdeen-based oil and gas services provider Spex Group and £10m in 3sun Group, a provider of products and services to the global energy industry.

Company
London-based TCC provides regulatory and compliance consultancy for FCA-regulated businesses. It was founded in 2000 by Joanne Smith, has a turnover of roughly £12m and employs around 90 full-time employees.

People
Marion Bernard is BGF's regional director for London and the south east and will join TCC's board. Mark Nunny, Alistair Brew and Rodney Appiah also worked on the deal for the GP.

Advisors
Equity – Smith & Williamson (Tax); DLA Piper, Ed Griffiths (Legal).
Company – ANP Finance, Peter Radford (Financial due diligence); Wragge & Co, Ian Piggin (Legal); Grant Thornton, Mark Fieldon (Tax).

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

• Topics
• UK / Ireland
• Expansion
• Support services
• United Kingdom
• BGF (Business Growth Fund)