Momentum advises on the sale of iAM Compliant to The Key

Deal Overview

Lead Advisory
SaaS
PE-backed trade purchaser

Momentum Corporate Finance has advised the shareholders of iAM Compliant Limited (“iAM Compliant”), including founder and CEO Luke Pargeter and Maven Capital Partners (“Maven”), on the sale of the business to The Key Support Services Limited (“The Key”).

iAM Compliant is a specialist estates management and compliance SaaS platform built for schools and trusts. More than 3,500 schools use it to manage statutory checks, health and safety, risk, incidents, compliance records and day-to-day site management. The platform also offers more than 500 training courses for site and school business managers.

The Key supports more than 17,000 schools and trusts with statutory guidance, training, governance software and compliance tools. The acquisition of iAM Compliant extends The Key’s compliance proposition into estates management, helping schools and trusts manage a wider range of statutory responsibilities through practical tools, training and guidance.

The Key is part of the wider Permira-backed The Key Group, which is also home to the Arbor School Management Suite.

Maven first invested in iAM Compliant in 2021 through the Northern Powerhouse Investment Fund, and led a further funding round in 2023 to accelerate product development and commercial growth.

Momentum acted as lead adviser to the shareholders of iAM Compliant, and Lewis Silkin provided legal advice.

Selling a business you’ve put so much into is a huge professional and personal milestone. Having advisers you trust completely is essential, and Rob, Matt and the Momentum team earned that trust many times over. We’re all absolutely delighted with the outcome and incredibly grateful for the part Momentum played in securing such an exciting next chapter for iAM. I cannot recommend them highly enough.

Luke Pargeter, Founder & CEO, iAM Compliant

We are delighted to have helped deliver this exciting transaction. iAM Compliant’s SaaS platform is trusted by over 3,500 schools to manage their estates compliance, and, with trusts and local authorities completing their first annual returns against updated DfE reporting requirements, this transaction comes at an important time. By joining forces, iAM and The Key are ideally placed to support schools through these changes, and we look forward to seeing what they achieve together.

Matt Stafford, Director, Momentum Corporate Finance

Huge congratulations to Luke, Maven and the wider shareholder group.

Having known the team for a number of years, we are delighted to have helped achieve an outcome that reflects the excellent business they have built, and we look forward to seeing iAM continue to thrive.

Rob Crews, Partner at Momentum