Kester Capital backs management buyout of ComplianceOnline

Adam Maidment – Kester Capital

Industry 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, 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”.

David Morgan

The 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.”

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