Copper Street Capital have acquired a majority stake in Thistle Initiatives Group Limited.
London, 14 October 2022:
Investment in the regulatory compliance consultancy marks Copper Street Capital’s fifth investment, as the private equity investor widens its portfolio across lower mid-market European financial services.
Thistle Initiatives Group will use Copper Street investment to double in size over the next three years through organic growth and acquisition.
Copper Street Capital, the private equity investor focused on lower mid-market European financial services, has invested in regulatory consultancy group, Thistle Initiatives Group Limited.
Founded in 2012, Thistle Initiatives Group has grown into a multi-award-winning regulatory consultancy, providing expert regulatory advice and support for a vast and varied client base of UK and international firms operating across the spectrum of financial services.
The investment will support the long-term growth of Thistle Initiatives Group, with a goal to more than double in size over the next three years through both organic growth and acquisition. Thistle is well placed to become a leader in the rapidly growing compliance consultancy market, due to its expertise across key areas impacted by structural tailwinds in the sector such as consolidation, the growth of fintech and an increased focus on financial crime and regulatory changes following Brexit.
The transaction marks Copper Street Capital’s fifth investment, as it continues to expand its reach across lower mid-market European financial services. Its wider portfolio includes Lantern, a leading player in the UK speciality finance debt purchase market, One Four Nine Group, an independent UK financial advice and fund management group and Saranac Partners, a private office providing bespoke advice and investment management services to ultra-high net worth clients.
The investment builds on a strong period of activity for Copper Street Capital, having announced last month the successful divestment of its minority stake in Italian mobile payments service Satispay, after initially investing in the company in 2018. Since then, Satispay has seen exceptional growth and become Italy’s largest mobile payments provider.