Fox Williams advised Indagate Group on its sale of MICAP, the recognised market leader in the provision of independent research and advice tools on tax-advantaged products, to Defaqto.

The Fox Williams team was led by corporate partner Mary Elliott, supported by corporate associate Ben Martin, tax director Joanne Varia, associate Nik Paskevic and trainee solicitor Joe Cannon.

Commenting on the deal, Mary Elliott said: “This deal demonstrates our expertise in the professional services and technology sector to achieve successful outcomes for clients. The sale is significant for our client and for the wider sector. We’re delighted to have played such a vital role in the deal.”

Guy Tolhurst, Indagate Group CEO, comments: “The acquisition by Defaqto is a significant step for MICAP and the tax-advantaged sector as a whole and signals our position as a market leader in servicing financial advisers with independent research, consolidated reporting and digital applications on the tax-advantaged market.

“It has been a pleasure working with Mary and the rest of the team at Fox Williams, and we are grateful for their advice and expertise.”


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