Copper Street cops regulatory compliance consultancy Thistle Initiatives

• The deal is Copper Street’s fifth investment 
• Thistle Initiatives provides regulatory advice and support financial services firms
• Copper Street’s portfolio includes debt purchase market Lantern and financial advisor and fund management group One Four Nine

Copper Street Capital announced on Friday that it has acquired a majority stake in the regulatory compliance consultancy Thistle Initiatives Group. The London-based group provides regulatory advice and support for UK and international firms operating across the financial services sector.

“Copper Street’s investment into Thistle Initiatives Group will enable us to accelerate our growth as we look to build Thistle into a market leader in regulatory consultancy, through both organic growth and acquisition,” said James Dingwall, CEO and founder of Thistle.

The deal for Thistle is Copper Street’s fifth investment as it widens its portfolio across lower mid-market European financial services. Copper Street’s portfolio includes UK speciality finance debt purchase market Lantern and UK financial advisor and fund management group One Four Nine.

The deal follows Copper Street’s recent exit of Italian unicorn Satispay. Satispay achieved a consumer growth increase of 800 percent during Copper Street’s investment. It was valued at approximately €100 million at the time of the firm’s investment.

Copper Street was established in 2015 and is based in London. It is an alternative investment firm that focuses on the financial services sector.