30 Aug

Kester Capital backs management buyout of ComplianceOnline

first_img StumbleUpon Related Articles Gibraltar backs Remain as June EU Referendum approaches May 10, 2016 Share GamblingCompliance signs up for SBC’s Betting on Football & Betting on Sports America January 31, 2019 Adam Maidment – Kester CapitalIndustry publisher and market intelligence services provider ComplianceOnline begins a new era, as London investment fund Kester Capital a specialist in a ‘primary buyouts’ has backed a management buyout of the company.The publishing group of Gambling Compliance and PaymentsCompliance industry portals, ComplianceOnline offers legal, regulatory, and risk management oversight for global betting incumbents.Completing its transaction, Kester’s investment team states it has confidence in ComplianceOnline’s management team expanding the business, stating that the company and its services are well-positioned to take advantage of a disrupted global gambling marketplace.Issuing a statement,  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.”ComplianceOnline’s management takeover will see Kester maintain Mike Woolfrey as the publisher’s Chief Executive, who has led the business since 2018.Mike Woolfrey CEO, ComplianceOnline, said: “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”.David MorganThe transaction will see David Morgan founder of the business in 2007, end his tenure as Executive Chairman of the company, who stated;“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.” ComplianceOnline appoints Richard Leather as legal & research lead November 2, 2016 Submit Sharelast_img read more