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Defaqto is an independent financial research and software company specialising in rating, comparing and analysing financial products and funds. It is the leading provider of product data in the UK, with a database covering more than 35,000 products across banking, life, pensions, investments and general insurance. FPE Capital expanded the profitability of the business significantly and navigated significant market change (i.e. new regulation in the form of the Retail Distribution Review 2013) . FPE has now successfully exited the investment to Synova Capital.