SimplyBiz acquires Defaqto for £74m

'Will remain an independent business'

clock • 1 min read

Group takes the entire issued capital of Defaqto's parent company Regulus Topco Ltd

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 SimplyBiz said it will remain an independent business within the Huddersfield-based group after the acquisition.  Defaqto CEO Zahid Bilgrami will remain in his role, with SimplyBiz promising the firm's strategic direction and service will be...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

MAB acquires Dashly

MAB acquires Dashly

Technology and data acquisition

Cameron Roberts
clock 06 February 2026 • 1 min read
Clear Employee Benefits joins amii

Clear Employee Benefits joins amii

New intermediary member

Cameron Roberts
clock 05 February 2026 • 1 min read
Stonebridge opens Midlands hub

Stonebridge opens Midlands hub

New Derby base

Cameron Roberts
clock 05 February 2026 • 1 min read