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Mills & Reeve said in an announcement on its website that its corporate team advised global RegTech business AML Analytics on a growth investment from Covalent Equity Partners, describing the investor as a private equity firm concentrating on technology companies in the era of AI. The announcement was published on 29 October 2026.
Key points
- Mills & Reeve said its corporate team advised AML Analytics on the investment from Covalent Equity Partners.
- AML Analytics was founded in 2010 and is described by the firm as a specialist in independent testing and validation, offering risk analytics to combat money laundering and financial crime.
- According to the firm, its technology is deployed by more than 50 supervisory authorities and used by over 1,450 financial institutions spread across nearly 60 countries.
- The firm’s announcement said the investment, together with an operational partnership with Covalent Equity Partners, would back a further stage of expansion for AML Analytics, covering faster progress on its engineering plans, new testing technology and a wider international presence.
- The announcement said Justin Holder, founder and group CEO of AML Analytics, would continue to lead the business alongside the existing leadership team.
Deal details
Justin Holder said: “Outstanding lawyers are one thing; an outstanding team is another. Thilo and the corporate team at Mills & Reeve delivered both. Every member of the deal team combined exceptional technical ability with sound commercial judgement and real responsiveness.”
Advisers
The announcement said FT Partners acted as financial adviser to AML Analytics, with Mills & Reeve providing legal counsel. On the other side, McGuireWoods supplied legal advice to Covalent Equity Partners, while Code & Co advised on technology and AI matters.