Kester backs management buy-out of ComplianceOnline

Adam Maidment – 
Kester Capital

London investment fund Kester Capital a specialist in a ‘primary buy-outs’ has backed the management takeover of betting and payment industry market insights and intelligence publishing group ComplianceOnline.

ComplianceOnline is the publisher of Gambling Compliance and Payment Compliance portals which offer legal, regulatory, and risk management oversight for global betting and payment incumbents.

In its transaction statement, Kester details that it has backed ComplianceOnline’s management takeover believing that the publishing group is in well-positioned to expand services within the disrupted gambling and payment sectors, in need of regulatory and legal guidance.

Adam Maidment, Managing Partner of Kester Capital, said: We are delighted to be investing in ComplianceOnline and look forward to partnering with the management team, who have the ambition, 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.”

Completing its investment, Kester maintains Mike Woolfrey as CompllianceOnline CEO, who has led the business since 2018.

Mike Woolfrey – 
ComplianceOnline

Mike Woolfrey, CEO, ComplianceOnlinesaid: “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”.

The transaction sees David Morgan founder of the business in 2007, end his tenure as Executive Chairman of the business.

 “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.” Morgan commented on future developments.