Ethos Partners’ portfolio company Compliancy Services, one of the UK’s leading providers of financial services compliance consultancy and regtech services, has formally combined with Portman Compliance.
The combination will enable Compliancy Services to double the size of its specialist funds team. The deal will boost the company’s overall headcount to close to 60 staff, servicing over 800 clients across its specialist teams. The expansion comes following rapid growth for both firms, with average annual revenues rising 20 per cent year on year, for the last five years.
The deal will see Portman’s existing portfolio of over 150 clients, the majority of which are hedge funds and private equity organisations, continue to be serviced by the Portman team, within the Compliancy Services business. By doing so they will benefit from the company’s scale and expertise. Nancy King, founder of Portman Compliance, will head up the new specialist funds division and lead client accounts in the newly created role of Senior Managing Director.
