Portfolio: Co-investments: Current

Thistle Initiatives Group Limited

Join our syndicate
Portal Page Logo Placement

In April 2023, Connection Capital completed a £5.6m co-investment into an MBO of Thistle Initiatives, a leading financial services compliance consultancy with significant growth potential.

Investment highlights

  • The companyThistle Initiatives Group Limited
  • Asset classMBO
  • Target return3.0x
  • StatusLive

The company

Thistle is a leading financial services compliance consulting business that provides specialist UK regulatory guidance, compliance outsourcing and expert resources to manage projects across all regulatory areas.

The award-winning, APCC-accredited business operates across seven distinct business lines and has a diversified, high-quality client base ranging from startups to established global market leaders.

The Deal Manager – Copper Street Capital

The investment will be managed by Copper Street Capital, a specialist financial services-focused private equity manager founded in 2015 by Jerry Del Missier (former COO of Barclays Bank plc), who is well known to Connection Capital.

Copper Street Capital intends to pursue a combined organic growth and infill acquisition strategy, with its background leaving it well-placed to support Thistle in achieving this.


Co-investment Team

View all staff
View all staff