16th Jul 2024 13:53
(Alliance News) - Fintel PLC on Tuesday said it conditionally agreed to acquire ratings and research agency Rayner Spencer Mills Research Ltd.
The Huddersfield, England-based provider of fintech and support services will buy Rayner through its financial data agency Defaqto.
Specific terms of the agreement have not been disclosed.
Chief Executive Officer Matt Timmins said: "RSMR's fund ratings and portfolios are trusted by over 15,000 advisers across the UK. Utilising a rigorous research methodology, their ratings are a badge of quality, due diligence and reputation. RSMR is another strategically important acquisition, adding industry expertise, insight and data that is complementary to Defaqto's."
This latest acquisition will mark the ninth business bought by Fintel in the last twelve months and follows the successful purchase of business support services firm Threesixty Services Ltd earlier this month.
Fintel shares were down 0.2% to 314.50 pence each in London on Tuesday afternoon.
By Elijah Dale, Alliance News reporter
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