Reid Green & Co has sold it’s 100% holding in Planet Compliance to Spacebar Ventures, a US based Acquisition Fund for an undisclosed sum.
Planet Compliance is a digital content platform and global marketplace that enables legal & compliance professionals to discover RegTech and LegalTech solutions. Planet Compliance offerings covers content distribution, ratings coverage, and directory search engine that enables the leading RegTech firms to be discovered, understood and connect with their target audience within the compliance community.
Joash Reid, Managing Director of Reid Green & Co commended: “Planet Compliance has scaled it’s audience exponentially and become more valuable to its customers under the ownership of Reid Green & Co’s ownership while developing avenues for further growth. Planet Compliance established itself as one of the leading RegTech authorities with its marketplace comprised of financial institutions globally on one side and some of the largest and most cutting edge RegTech firms on the other side."
Commenting on the acquisition, Brandon Pindulic, Founder of Spacebar Ventures stated: “Spacebar Ventures, an Internet acquisition company, acquired Planet Compliance from Reid Green & Co in November 2021. Spacebar Ventures saw a unique growth opportunity with Planet Compliance to provide services to the RegTech community through content and marketing opportunities, in which Spacebar will add additional growth capital into the business post-acquisition to execute on”
The sale of Planet Compliance was completed through a privately negotiated transaction.
Reid Green & Co is a private investment holding company that invests in fast high quality, overlooked publicly traded companies an acquires privately held companies in situations where it can create value.