SimplyBiz acquires Defaqto for £74m

'Will remain an independent business'

Tom Ellis
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The SimplyBiz Group has acquired financial technology and research business Defaqto for £74.3m.
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The SimplyBiz Group has acquired financial technology and research business Defaqto for £74.3m.

The SimplyBiz Group has acquired financial technology and research business Defaqto, which serves more than 8,000 financial advisers, for £74.3m.

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...

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