Mon, 19 Jan 2026 | DIVISION SALE
A provider of proprietary pricing data to the UK insurance sector has been acquired by listed fintech services business Fintel in a deal worth up to £11 million. Fintel has acquired the market pricing business of Huddersfield-headquartered Pearson Ham Group through its adviser technology and product ratings business Defaqto.
The strategic acquisition is expected to further strengthen Fintel's Software and Data division, while accelerating the group’s strategy to establish itself as a key technology and data partner to the UK’s retail financial services industry.
Fintel Software & Data Chief Executive John Milliken said: “The Pearson Ham Group pricing business is a profitable, growing, cash generative business with a rich historic data set and a strong value proposition that is invaluable to the UK insurance industry."
"The winners in the AI economy will be those with unique, valuable, proprietary data and expertise who can also innovate to benefit their customers. Through the combination of unrivalled product and pricing data Defaqto have the tools to help the industry to better understand and deliver consumer value."
The group will pay an initial cash consideration of £7.5 million for the business, with a deferred consideration of £3.5 million, comprising £2 million payable in April 2026 and £1.5 million payable in July 2026. The acquisition is expected to generate £2.6 million in revenue during the 2026 financial year and £900,000 in EBITDA.
The deal was funded entirely through Fintel’s existing financial resources, leveraging the debt terms announced in July 2025 as part of the group’s new £120 million revolving credit facility.
Fintel CEO Matt Timmins said the deal was a key milestone in the growth of the group’s Software and Data division, adding that the transaction “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, CEO PHG Market Pricing, said that Defaqto had a “proven ability to integrate and add value to the businesses they acquire”, adding that the deal would generate strong synergies and deliver “significant benefits to the business and its clients."
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