Fintel
Park Place advised Fintel, the Huddersfield based, leading independent provider of compliance and business services to financial advisers and financial institutions in the UK, on three acquisitions. The acquisitions of Threesixty Services from Abrdn, Defaqto from Synova Capital and Landmark Chartered Surveyors from Andrews Property Group demonstrate the continued evolution of the business following its listing on AIM in April 2018.
Threesixty Services, acquired in July 2024, further strengthens Fintel’s range of quality services available to professional intermediaries, complementing its current offerings of SimplyBiz, Compliance First, and SIFA. Threesixty clients will directly benefit from access to Fintel’s extensive technology and service platform.
Defaqto, acquired in March 2020, is a leading financial services technology business operating a fintech platform to 8,500 advisers and providing independent ratings of 21,000 financial products and funds and licensed by 230 brands. Park Place supported Fintel in raising new debt facilities totalling £45m provided by Yorkshire Bank and NatWest, of which £37.5m was utilised for the acquisition.
Landmark Chartered Surveyors, acquired in January 2018, supplemented Fintel’s existing surveying business and was later merged with its complementary brands, Gateway and Sonas, into Gateway Surveyors.
