Triple Private Equity acquired a majority stake in SmartSearch, a Ilkley, UK-based provider of digital compliance and anti-money laundering (AML) software.
The amount of the deal was not disclosed. The transaction will be funded from new capital committed to Triple Private Equity Fund I SCSp and Triple Solace Co-Invest SCSp,
Founded in 2011 and led by new CEO Phil Cotter, SmartSearch is a provider of digital compliance and anti-money laundering (AML) software to more than 7,000 clients across regulated verticals. Its configurable, end-to-end platform is embedded in mission critical client workflows and offers an end to end compliance solution. The company’s core client base comprises SME and mid-market clients within the legal, accountancy, property and financial services sectors, with significant future growth potential from higher-value enterprise clients. It is a founder-owned business backed by Marlin Equity Partners.
FinSMEs
22/04/2024