SmartSearch Secures Funding for Growth in Compliance and AML Solutions

Triple Private Equity Acquires Majority Stake in SmartSearch

Key Highlights:

• Acquisition: Triple Private Equity has acquired a majority stake in SmartSearch, a UK-based provider of digital compliance and anti-money laundering (AML) software.
• Transaction Details: The amount of the deal was not disclosed, and the transaction will be funded from new capital committed to Triple Private Equity Fund I SCSp and Triple Solace Co-Invest SCSp.
• SmartSearch's Offering: SmartSearch provides digital compliance and AML software to over 7,000 clients in regulated industries. Its platform offers an end-to-end compliance solution embedded in client workflows.
• Target Market: SmartSearch primarily serves SME and mid-market clients in the legal, accountancy, property, and financial services sectors, with potential for growth in enterprise clients.

SmartSearch's Target Market

• Regulated Industries: Companies operating in sectors with strict compliance and AML requirements, such as legal, accountancy, property, and financial services.
• SME and Mid-Market Clients: Small and medium-sized enterprises, as well as mid-market companies, seeking digital compliance and AML solutions.
• Enterprise Clients: Potential for growth in serving larger enterprise clients with higher-value compliance needs.

What SmartSearch Needs to Buy

• Technology and Software Development: Partnerships with technology providers to enhance and expand their digital compliance and AML software offerings.
• Marketing and Sales Support: Services to help reach and acquire new clients, particularly in the enterprise segment.
• Industry Expertise and Partnerships: Collaborations with industry experts and regulatory bodies to stay updated on compliance requirements and ensure their software remains effective.