Perwyn, the European private equity investor, is delighted to announce that it has agreed to acquire VIXIO Regulatory Intelligence (“VIXIO”) from Kester Capital.

Headquartered in London, United Kingdom, VIXIO is the leading provider of regulatory and business intelligence to the global payments and gambling industries.  Through its PaymentsCompliance and GamblingCompliance subscription products, 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.  With a second office in Washington DC, VIXIO serves over 400 customers globally, including operators, regulators, technology providers, and law firms.

Perwyn will invest behind the VIXIO management team to further expand the depth of the intelligence platforms within these fastmoving markets, increase geographic penetration, widen the product set and move into adjacent markets.  The unique funding model at Perwyn will allow the investment team to focus all of its time and energy on helping VIXIO to achieve its ambitious growth plans.

As part of the transaction Gehan Talwatte joins VIXIO’s board of directors as independent chair.  Gehan is a highly experienced executive and director who has overseen the growth of several high-value intelligence services businesses across various industries.

Gurinder Sunner, Partner at Perwyn, commented: “We are delighted to be partnering with the VIXIO team and to support their ambitious growth plans.  Already the market leader, we will be investing to enhance and increase the product offering and geographic coverage whilst maintaining and building its leading reputation as the go to provider for regulatory intelligence in both the payments and gambling markets.  We look forward to working with Mike and the team.” 

Mike Woolfrey, CEO of VIXIO also commented: “We are delighted to be working with Perwyn at a pivotal time in our development.  We are particularly impressed by their track record in partnering and supporting exceptional companies to achieve ambitious plans on a global scale and look forward to working with them on helping VIXIO fulfil its potential.”

Mark Deed, Investment Manager at Perwyn and newly appointment Board member of VIXIO added: “Gurinder and I are very pleased to be joining the Board of VIXIO.  When we met the team at VIXIO we were immediately struck by the unique value of the business, and by the sophistication of its research capabilities.  No other provider of regulatory intelligence is solely focused on payments and gambling, two very heavily regulated markets which require a laser sharp focus, giving it market leading capabilities.” 

The Perwyn deal team consisted of Gurinder Sunner, Mark Deed, and Angus Duthie-Jackson.

Perwyn was advised by Cardean Bell (M&A), Gowling WLG (Legal), Deloitte (FDD and Tax), PwC (Commercial Due Diligence), Xaeus Blue (Technology Due Diligence), Partners& (Insurance DD), and Locktons (W&I).