UK growth investor Business Growth Fund (BGF) has bought a minority stake in regulatory and compliance consultancy The Consulting Consortium with a £10m investment.
TCC, which is headquartered in London with an office in Leeds, provides regulatory compliance services to FCA regulated firms in the financial industry.
The firm has advised more than 250 financial services clients since 2001, more than 140 in the last two years including a number of FTSE 100 and multi-national companies.
TCC’s turnover in the current financial year is currently approaching £12m, BGF said in a statement.
BGF’s regional director for London and South East Marion Bernard said, “(TCC) has demonstrated its ability to deliver complex regulatory solutions and advice to major financial and consumer companies across the UK.
“The increased focus on maintaining high regulatory standards following a number of high profile incidents in the financial services industry over the past few years highlights the need for TCC’s expertise.
“We were also particularly excited by the new software product RecordSure, which has the potential to revolutionise the manner in which companies approach and monitor regulatory activity within their firms.”
BGF’s recent deals include an investment in energy-focused services provider 3sun Group, which also received £10m.
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