We’re pleased to have supported Pearson Ham Group in the £11 million sale of its market pricing business to AIM-listed Fintel plc, a leading provider of software and services to the UK retail financial services sector.
Pearson Ham Group’s market pricing business is a leading provider of proprietary pricing data to the UK insurance industry. Acquired through Defaqto, one of the UK's leading adviser technology and product ratings businesses, the acquisition further strengthens Fintel's software and data division and accelerates its strategy to become the key technology and data partner to the UK retail financial services sector.
The existing leadership will remain with the business as it embarks on a new stage of growth with the support of Defaqto and Fintel.
Our Corporate team, led by Partner Emma Callow and Senior Associate Alexandra Bloomer, provided lead sell-side legal advice to Pearson Ham Group – supporting the deal through to conclusion.
We’re proud to have supported the Pearson Ham Group team on this significant milestone for its business. The business has built an impressive reputation for the quality of its pricing data and the value it delivers to the UK insurance market. Fintel and Defaqto are an excellent strategic fit, and this transaction provides a strong platform for the next phase of Pearson Ham Group’s growth. It has been a pleasure working with all parties involved to bring the deal to a successful close.Emma Callow
Corporate Partner at Hill Dickinson
Matt Timmins, CEO of Fintel, said: "This acquisition is an important milestone in growing our Software and Data division. It exemplifies the type of high-quality, synergistic acquisition that we target as part of our strategy – enhancing our capabilities, deepening our market position, and reinforcing our position as the strategic technology and data partner to UK financial services."
Stephen Kennedy, Director of Market Pricing, said: "We are delighted to become a part of the Defaqto family, because of the exciting ideas we have to grow the business and Defaqto's proven ability to integrate and add value to the businesses they acquire. I am really excited about the strong synergies which will deliver significant benefits to the business and its clients."
Emma Callow, Corporate Partner at Hill Dickinson, said: “We’re proud to have supported the Pearson Ham Group team on this significant milestone for its business. The business has built an impressive reputation for the quality of its pricing data and the value it delivers to the UK insurance market. Fintel and Defaqto are an excellent strategic fit, and this transaction provides a strong platform for the next phase of Pearson Ham Group’s growth. It has been a pleasure working with all parties involved to bring the deal to a successful close."