Fintel expands adviser reach with VouchedFor and AKG acquisitions

The acquisitions are expected to broaden Fintel's services to the advice market through its technology and regulatory services platform. The acquisition of review site VouchedFor, which was part debt funded with a net upfront cash consideration of £7.5m, of which £6.5m was drawn from the group's £80m revolving credit facility, will help provide "increased growth opportunities" for Fintel's customers. Meanwhile, the acquisition of independent assessments provider AKG was funded entirely from cash reserves with a net upfront cash consideration of £1.6m. In addition, up to £400,000 conti...