Perch Group secures £90 million combined funding package to enable next stage of growth

Perch Group, one of the UK’s fastest growing debt purchase, collections, litigation and reconnection firms, has successfully completed on two facilities with a combined value of £90 million to enable the next stage of its ambitious growth plans.

The fresh new capital comprises of a new NatWest-led banking syndicate, which includes Hampshire Trust Bank, and a material enhancement and increase of the existing arrangement with Quilam Capital which supported Perch Group’s management buy-out (MBO) in April 2022.

Mark Pickup, Perch Group’s Chief Financial Officer, commented:

“The successful completion of this transaction represents a momentous milestone for Perch Group and bolsters our aspirations of becoming a leader in the UK’s debt purchase sector. It not only equips our Group with substantial debt capacity but also augments our competitive edge. We are delighted to be working with NatWest and Hampshire Trust Bank while continuing our existing relationship with Quilam Capital. Their support and endorsement underscores our significant progress since the management buy-out and affirms their confidence in our capacity to successfully execute our ambitious next-phase initiatives.”

Alex Scott, Director, Quilam Capital, said:

“Quilam Capital is delighted to have worked with this first class management team on what is a landmark transaction for the business. Given the underlying performance of the company since we supported the MBO last year, it made complete sense to upsize and enhance our commitment as they enter the next phase of their exciting growth plan.”

Katie Fazackerley, Director – Speciality Finance, NatWest, added:

“We are delighted to have been able to support Perch’s future growth ambitions as part of this new financing package. The facility will support the group’s growth ambitions in supporting the needs of businesses and the financial services sector.”

Fieldfisher LLP provided legal advice and Chris Patrick provided debt consultancy to Perch Group; Travers Smith LLP advised Quilam Capital; and Ashurst LLP advised NatWest and Hampshire Trust Bank.

Perch Group, which offers market-leading, data-led, omni-channel services across the whole debt lifecycle through its debt purchaser Perch Capital, debt resolution agency ACI UK, and litigation firm TM Legal, recently launched new field services company, Verify. The new business aims to revolutionise the way creditors verify data and reconnect with customers in arrears.

Over the last 12 months, Perch Group has seen a 44% increase in the number of accounts purchased, a 38% increase in the face value of purchased debts, and a 40% increase in the number of clients it has served.

About Quilam Capital

• Quilam Capital provides flexible investment for alternative finance companies, fintechs and platforms. It combines targeted financial solutions with expert guidance and advice, working alongside clients, helping them overcome challenges and accelerate their business performance.
• The core team has over 80 years’ combined sector experience with a leading track-record of investment across over 150 transactions, making Quilam the go-to speciality finance partner.
• The wider management team also offers corporate finance, marketing, balance sheet optimisation and operational expertise to provide a full range of private equity services and executive support.
• Find out more at www.quilamcapital.com

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