Triple Point provides £55m facility to Perch Group

Triple Point has originated a new £55 million lending facility for Perch Group as part of an enhanced £400 million funding platform supporting the credit management business’s continued UK growth.

The investment manager joins Perch Group’s panel of funding partners alongside NatWest Group, Hampshire Trust Bank, Shawbrook Bank, Paragon Bank and Lloyds. Quilam Capital also remains a material investor in the business, having supported Perch during its recent period of growth.

Founded in 2016 and headquartered in Blackpool, Perch has developed into an integrated credit management business covering debt purchasing, customer engagement, legal services, field operations and outsourced contact centre services.

The group now employs more than 500 people, manages over one million customers and has assets under management exceeding £1 billion.

The expanded funding platform will provide additional capacity for Perch’s next phase of growth, including continued investment in technology.

Ellis Diamanti, Head of Specialty Finance at Triple Point, said: “Perch is a genuine UK growth story, built outside London into one of the country’s leading credit management platforms with a ten-year track record.

“We’re pleased to support the business as it enters its next phase of development and look forward to working closely with the team to help deliver its long-term strategic objectives.”

Mark Pickup, Chief Financial Officer of Perch Group, added: “This transaction represents another significant milestone in Perch Group’s growth journey and reflects the confidence that leading financial institutions continue to place in our business, strategy and long-term vision.

“The expansion of our funding package provides a strong foundation for future growth as we continue investing in technology and delivering outstanding customer outcomes.”

Fieldfisher acted as legal adviser to Perch Group, with Hunton Andrews Kurth advising Triple Point and Ashurst Perkins Coie advising the senior lending syndicate.

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