P2 Consulting, a management consultancy backed by Lonsdale Capital Partners, has bolted on financial crime specialist FS101.

FS101, led by founder Phil Rolfe, advises UK financial services businesses on how to shape their financial crime and regulatory strategies.

P2 supports blue chip companies undertaking major change initiatives, and the acquisition of FS101 will bolster the business’s capability in the anti-money laundering and cybercrime market.

“This acquisition is part of the plan to turbo-charge our business, and comes just three months after our management buyout,” said P2 chief executive Doug Elliott. “Over the past few years, anti-money laundering, financial crime and regulatory change has become increasingly important to our clients.”

Lonsdale backed P2’s MBO in December last year, with the aim of creating a world leader in project and programme management through acquisitive consolidation.

This is the sixth bolt-on acquisition by Lonsdale since January 2016, following the close of the firm’s first institutional fund at its target hard cap of £110m in April 2016.

Lonsdale has made four principal fund investments – in P2, Ocean Media, Global Yachting Group and The Mobility Group.

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