ComplianceOnline, a provider of global regulatory intelligence to the gambling and payment sectors, has been acquired in a management buy-out, backed by the primary buyout specialist Kester Capital.

The investment comes at a time of significant momentum for Kester, which recently expanded its investment team and completed its third portfolio bolt-on acquisition in 12 months.

Through its Gambling Compliance, Payments Compliance and RegData products, ComplianceOnline enables compliance and legal teams around the world to manage risk confidently and discover new market opportunities by providing in-depth insight, analysis, commentary and research. 

The new deal with Kester Capital means that ComplianceOnline is able to fuel its ambitious growth plans, continuing to help industry professionals make timely and informed strategic business decisions. 

Following the acquisition, founder David Morgan will step down. Mike Woolfrey, who has been CEO since 2018, will continue to lead the business. Prior to joining ComplianceOnline, Woolfrey held numerous senior executive roles within B2B media and information services.

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 Morgan, owner and outgoing executive chair, said: “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.”