Perch Group secures £90m growth funding package

18th September 2023

Debt purchase, collections, litigation and reconnection specialist, Perch Group has announced that it 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, said “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, said “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.”