Fintel, the leading provider of fintech and support services to the UK retail financial services sector, has announced the acquisition of Owen James Events, the leading provider of strategic engagement events in UK financial services.
Owen James will continue to operate independently within Fintel IQ, while benefitting from Fintel’s investment and wide network within the UK financial services market
The acquisition will extend Fintel’s flagship industry events programme and data and insights strategy through Owen James’ unique market position
Completed in late January 2024, the transaction was funded entirely from cash reserves with a net upfront cash consideration of £0.7m representing an EBITDA multiple of 3.8 times. In addition, up to £1.6m contingent earnout is based on certain trading criteria being delivered in the first three years of ownership
The acquisition is in line with Fintel’s strategy to enter key adjacencies, expand its service platform, and connect a fragmented UK retail financial services market.
Neil Stevens, joint chief executive of Fintel, said: “This deal will allow Owen James to expand its already significant range of services, delivering education and strategic engagement opportunities to greater numbers of advice firms, wealth managers, paraplanners, mortgage brokers, and those in the private banking sector.”
Matt Timmins, joint chief executive of Fintel, added: “We are completely focused on consolidating a fragmented market to enhance our scale, proposition, and IP.”
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