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Provantage Corporate Finance advises Pearson Ham on the sale of its insurance pricing data business to Fintel plc
Project: Mustard | Pearson Ham
Sector: Technology
We are pleased to announce the sale of Pearson Ham Group’s insurance market pricing data business to Fintel plc, a leading provider of software, data and services across the UK
The transaction represents a key milestone for Pearson Ham and reflects the strategic value of its proprietary insurance pricing data, which has been developed over many years and is widely recognised, partnering with the UK’s top insurers.
Following the transaction, Pearson Ham’s insurance pricing data will be incorporated into Fintel’s Defaqto business ,where it will complement their existing product intelligence offering Matrix360 and accelerate its strategy to become the key technology and data partner to UK retail financial services.
This transaction, follows on the back of advising the shareholders of aviation data specialist RDC, on the investment from Northcote, reflecting our experience in supporting data-led and technology-enabled businesses on strategic transactions.
Maria Thomas commented:
“We were delighted to have advised on this transaction. Pearson Ham’s insurance market pricing team has developed a highly respected, market leading business which, with the combination of Defaqto’s complementary data will continue to go from strength to strength.
Jamie Hope added: “Interest in proprietary data sets is accelerating, and our two recent transactions further deepen our SaaS and technology expertise. We now have an even sharper insight into the value drivers and the qualities that matter most to both strategic acquirers and investors in the space”
If you would like to discuss this transaction or explore strategic options for your business, please contact us at letstalk@provantagecf.com