Deal typeTransaction Services
IndustryFinancial Services
Client nameThe SimplyBiz Group plc
The SimplyBiz Group plc, the leading independent provider of outsourced regulatory and business support to the retail financial services market in the UK, has acquired Defaqto Limited, a financial services technology business, for £74m.
The business combination will create a single fintech and support services group increasing their distribution channels and service offering to customers.
"Thank you for your sterling work on this transaction. Your team were efficient, professional, diligent and a real pleasure to work with.”
Matt Timmins, Joint Group CEO, The SimplyBiz Group plc