Thistle Initiatives Group Limited acquires ATEB IT Solutions Limited and ATEB Business Solutions Limited.
Thistle Initiatives Group Limited today announces that it has acquired ATEB IT Solutions Limited and ATEB Business Solutions Limited.
James Dingwall, Chief Executive Officer of Thistle Initiatives Group Limited, said: “We have worked with both ATEB IT Solutions and ATEB Business Solutions on several occasions, and we have found the team to be highly valuable, insightful, and supportive to its current client base.”
The acquisition of ATEB IT Solutions is very much strategic. We have been thoroughly impressed with the ATEB Suitability platform, led by CEO David Anderson, and how the business has grown and assisted several large-scale advice firms enhance their advice capabilities through technology. We will invest in the development and enhancement of the ATEB Suitability platform and make this offering available to Thistle clients.
The acquisition of ATEB Business Solutions Limited will enhance our current investment consulting team in the retail investment advice and wealth management sector, led by Alex Paschalis. This acquisition will allow Thistle to compete directly and more competitively with some of the larger existing consultancies in the retail sector.
David Anderson CEO of ATEB IT Solutions Limited said “I am delighted that we have agreed this transaction with Thistle. We have been thoroughly impressed by the leadership team at Thistle and this investment will allow us to continue to enhance our technology offering to both ATEB and Thistle clients”.
Steve Bailey CEO of ATEB Business Solutions Limited said “We have worked with James and the Thistle team on several occasions, and we have always worked well together. This investment will allow the ATEB team to offer its services to a wider client base and be involved in broader work in the retail investment advice and management sector.”
The acquisition quickly follows the Copper Street Capital investment in Thistle Initiatives Group in October and forms part of the first stage of a targeted growth strategy being deployed by the Thistle management team.
Thistle Initiatives Group was founded in 2012 and has since become a multi-award-winning regulatory consultancy providing expert regulatory advice and support in the financial services sector to manage strategic and ongoing projects, across all regulatory areas. The London headquartered business provides compliance advice and support services in line with FCA regulation, PRA requirements, and other key legislation to a vast and varied client base of UK and international financial services businesses operating within the UK market. Thistle is well-primed to take advantage of the rapidly growing compliance consultancy market due to its expertise across key areas impacted by tailwinds in the sector such as consolidation, the growth of fintech, and increased focus on financial crime and regulatory changes following Brexit.