Press Release: MML Enterprise invests in Cosegic

MML Enterprise invests in leading regulatory compliance consultancy Cosegic, with Martin Smith joining as its new Chairperson.

MML, the international mid-market private equity firm, has today announced that it has invested in Cosegic, one of the UK’s leading regulatory compliance consultancies. As a true partnership investor, MML will work to enable Cosegic’s management team, led by CEO Philip Naughton, to accelerate their organic, international and M&A growth ambitions.

Founded in 2003, multi-award winning Cosegic provides assistance with FCA authorisation, SEC registration, ongoing compliance consulting, prudential services, online training and compliance software. In the 21 years that Cosegic has been working with clients, there has been an evolution in the importance of the role that compliance plays for regulated financial services firms. More responsibility has been placed on senior management and firms must prioritise the needs of the consumer more than ever before. As a result, Cosegic has been successfully working with its clients to ensure that compliance becomes an integrated part of their systems and processes and an enabler of performance in a complex and changing regulatory environment.  

This investment will build upon MML’s expertise in the financial services sector and people-based businesses, in particular MML’s successful investment in Waystone, a global leader in fund Governance, Risk and Compliance services.

Henry Alty, Investment Director, commented:

“Since first meeting the Cosegic team, we have been impressed by their passion and enthusiasm for supporting their clients. Cosegic is a trusted partner to over 800 financial services businesses, to whom it provides mission critical compliance services. We look forward to working closely with Philip and his team to support their UK and international growth ambitions.”

Philip Naughton, CEO at Cosegic, added:

“We are excited to have an investor in MML who deeply understands our sector and has tailored an investment to allow us to accelerate our growth. MML’s experience in internationalisation, M&A and scaling people-based businesses was a great fit for our own ambitions. We are already working in partnership to deliver our exciting growth plans.”

The business is also appointing Martin Smith, an experienced Non-Executive Director, as Chairperson. Martin has a strong track record of working with businesses in the Governance, Risk and Compliance sectors, and is currently Chair of TopSource Worldwide, Independent Governance Group and Auditcomply. His last executive role was as CEO of software-led risk management business Alcumus.

Martin Smith, Chairperson at Cosegic, commented:

“I’m pleased to be joining the Cosegic board as Chairperson at the point of its investment from MML. The business has a fantastic growth opportunity, with a market-leading brand and reputation in a fragmented UK market and clear international growth drivers as well.”

About MML

MML is an international mid-market private equity investor focused on investing alongside strong management teams and working in partnership with them to deliver their bold expansion plans. Over the last 30 years, MML has successfully invested in 150 businesses from its four global offices, with €2 billion of assets currently under management across its Value-Added Infrastructure, Partnership Capital, and Enterprise strategies. MML creates value from original thinking and designing deals which enable management teams to take the next step on their journey. It focuses on a small number of investments where the business case is strong and the chemistry with people is right and, as an independent firm, its Partners take personal responsibility for their part in the success of their investments. In MML’s experience, open minds mean better deals, so it takes a fresh approach to every single investment, designing them to perfectly fit people, their unique businesses and personal aspirations. For its investors, MML’s tailored ethos provides access to a unique set of investment opportunities, delivering strong equity returns whilst protecting investor capital.

About Cosegic

Founded in 2003, multi-award winning Cosegic provides assistance with FCA authorisation, SEC registration, ongoing compliance consulting, prudential services, online training and compliance software. Cosegic currently employs 60 people who work together in industry specialist teams, servicing over 800 clients from the following sectors: wholesale investment firms (including hedge funds, private market firms, corporate finance and brokers), capital markets (including asset managers and broker/dealers), wealth management, payment services and cryptoassets, consumer credit and insurance and lending.

For press enquiries, please contact:

Louise Suchak, Head of Marketing and Communications, Cosegic. 
[email protected]