Moore Kingston Smith advises Arachnys Information Services on its sale to AML RightSource

6 May 2021 / Insight posted in Articles

Arachnys Information Services Limited (Arachnys), a developer of financial crime risk assessment software, engaged our corporate finance team to provide transaction support on its sale to AML RightSource.

AML RightSource is a US consultancy which provides anti-money laundering (AML), Bank Secrecy Act and financial crimes compliance solutions and is backed by US private equity firm, Gridiron Capital LLC.

Arachnys’ innovative regtech platform provides enriched, intelligent know-your-client and AML data and software solutions to accelerate customer onboarding and monitoring. The platform is used by financial institutions and other companies operating in high-risk industries. The company is headquartered in London and has an office in New York. This transaction will enhance its product and service offering and expand its geographic footprint.

Arachnys was a long-standing client of Moore Kingston Smith. When the time was right to sell, our corporate finance team, led by Paul Winterflood and supported by Kat Stone, was appointed to advise on the financial aspects of the transaction alongside our corporate tax team, led by Mark Fielden and supported by David Coates.

David Buxton, Founder and CEO of Arachnys, said: “Moore Kingston Smith were invaluable in providing calm and considered expert advice through the sale process. They helped us navigate the financial complexities of a cross-border transaction, and were instrumental in helping us to get this very exciting deal done.”

Paul Winterflood, Corporate Finance Partner, said: “It was a great pleasure advising David and the team on this transaction. I’m sure their fantastic growth journey will continue with AML RightSource.”

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