International law firm Osborne Clarke has advised leading UK lower mid-market private equity firm, Kester Capital ("Kester") and the Management Team on the sale of Vixio Regulatory Intelligence ("Vixio") to European private equity investor, Perwyn.
The Osborne Clarke team was led by Private Equity Partners Tim Hewens and Mike Freer and included Associate Director Will Nicholson, Senior Associate Beth Shingfield and Associate Jack Harris. Tax advice was provided by Partner David Nisbet and Associate Director Rob Thomas.
Headquartered in London, with a second office in Washington DC, Vixio is the world’s leading provider of global regulatory intelligence to the payments and gambling markets. The company serves over 400 customers globally, including operators, regulators, technology, providers, and law firms.
Vixio enables regulatory and legal teams around the world to manage risk confidently and discover new market opportunities by providing in-depth information, data and analysis through its PaymentsCompliance and GamblingCompliance subscription products.
Under Kester's ownership, Vixio has doubled its subscription revenues over the last three years, while also growing profit and cash flow at a significantly faster rate. Perwyn’s investment, alongside reinvestment by management, will enable Vixio to continue to drive innovation and geographic expansion, while actively pursuing M&A opportunities.
Osborne Clarke’s private equity team is considered a go-to practice for many companies in the technology and financial sectors, working with clients ranging from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.