Sponge to develop FCC and compliance elearning solutions with Temple Grange Partners
Aliter completes investment in TGP to support creation of a differentiated elearning solution
Posted on Sep 10, 2020
Sponge is delighted to be working with Temple Grange Partners, a leading financial crime and compliance (FCC) consultancy practice, as Aliter Capital completes the investment in the London headquartered company.
Aliter, the specialist UK support services investor, has finalised investment in the leading FCC consulting firm to support the creation and development of Temple Grange Partners' innovative elearning solution.
The solution will be developed in close partnership with Aliter’s existing portfolio companies Sponge and Bolt Learning, and will encompass differentiated FCC-focused eLearning content designed specifically for the Financial Services market.
Louise Pasterfield, Sponge founder and Managing Director said: “Our alliance with TGP is an excellent fit and we look forward to collaborating together. Their in-depth knowledge and expertise in compliance and financial crime extend the services we can provide to our clients with relevant content for business critical learning.”
Eoin O’Shea, Founder and CEO of Temple Grange Partners said: “We have been very impressed from the start with Aliter’s long-term investment strategy. In addition to helping to grow and expand our consultancy and advisory capabilities – including our leading compliance and financial crime practice – this investment will support our unique Learning & Development offering.
“Demand for content-rich, high quality online L&D materials created and delivered via world class technology has never been greater and we look forward to collaborating with Sponge and Bolt Learning, market leading eLearning design, delivery and technology specialists who already benefit from Aliter’s investment support and strategic vision, to deliver outstanding service to our clients.”
Billy Allan, Managing Partner of Aliter and Chairman of Sponge said: “We are delighted to be partnering with Temple Grange Partners. We believe their expertise in the Financial Services sector paired with Sponge and Bolt Learning’s content creation and technology solutions will create a unique and highly attractive offering in the compliance training market.”
Temple Grange Partners, founded in 2017 by Eoin O’Shea and other senior industry professionals, is a practitioner-centred global regulatory risk and compliance consultancy based in London, providing services to the Financial Services sector. Prior to Temple Grange Partners, Eoin held several senior positions at Credit Suisse, including and most recently Global Head of Central Compliance based in New York. The TGP team of senior professionals brings decades of top tier practitioner experience to its global clients.
Aliter Capital announced the close of its specialist support services fund (Aliter Capital I, LP) in February 2017. Founded by a group of seasoned support services entrepreneurs and investors – Billy Allan, Greig Brown, Andy Galloway and Andrew Busby – and focuses on small and mid-sized businesses in the UK support services sector, a market valued at over £300 billion. Its approach differs from traditional private equity models by making only a limited number of selective portfolio investments to deliver dedicated hands-on support. Aliter has now closed a total of 16 transactions since the beginning of 2017.