SimplyBiz acquires Defaqto for £74m

The conditional purchase will see The SimplyBiz Group acquire the entire issued capital of Defaqto's parent company Regulus Topco Ltd. Defaqto will continue to be based in Haddenham, Buckinghamshire and SimplyBiz said it will remain an independent business within the Huddersfield-based group after the acquisition.  Defaqto CEO Zahid Bilgrami will remain in his role, with SimplyBiz promising the firm's strategic direction and service will be unaffected by its acquisition.  Bilgrami said: "We are absolutely delighted with SimplyBiz's decision to acquire Defaqto. It opens an exciting new...