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April 2024
UK & Ireland, £100m - £500m

Liberty advises the management team of SmartSearch on the significant equity investment from Triple Private Equity

Liberty Corporate Finance is delighted to announce that we have advised SmartSearch, a leading UK provider of digital compliance and anti-money laundering (AML) software, on its significant equity investment from Triple Private Equity.

With its investment, Triple will now take a majority share in the business and will work alongside the existing management to deliver on the Company’s next stage of growth, with SmartSearch founders and existing shareholders also retaining a minority in the Company.

Founded in 2011, SmartSearch has grown rapidly from start-up to scale-up and is widely regarded as a leader in digital compliance. Its innovative platform and technology enable firms to navigate ever-increasing regulatory demands including AML compliance, customer due diligence, Know Your Customer (KYC) and Know Your Business (KYB) procedures.

It is trusted by more than 7,000 client firms and 60,000 users in a diverse range of regulated markets including legal, accountancy, property, and financial services. Its customer base includes over 1,000 property firms, one in two of the top 100 accountancy firms and one in three of the top 200 legal firms.

To support both its core markets and continued expansion among enterprise clients, SmartSearch launched its next-generation platform last year. This continued investment in innovation has delivered ~20% annual growth between 2020 and 2023.

The investment from Triple Private Equity, will enable it to build on the foundation of innovation and solid business leadership, which has made it one of the leading regtech companies in Britain.

Liberty were fantastic. It was great to have a specialist dedicated adviser supporting our Management team to help navigate the complexities of the transaction. It was also really useful to lean on their experience and to have them manage the negotiations in a constructive way that meant that we got a good outcome with our new Sponsors whilst preserving positive relationships across all the stakeholders.

Claire Elcock
CFO of SmartSearch

It’s been fantastic to work with Claire, Collette and the rest of the team at SmartSearch on this landmark transaction. We look forward to seeing the team continue to thrive and deliver their future growth strategy with Triple.

Jeff Soh
+44 (0) 7922 257 501