Travers Smith LLP has advised Billing Finance on securing a £250m funding package from specialist investor Quilam Capital.
The funding, comprising both senior and growth facilities, will enable Billing Finance to accelerate the next phase of its growth strategy and deliver significant investment in technology. As part of the transaction, Quilam Capital will take a strategic stake in the business.
Billing Finance is a long-established specialist motor finance lender, focused on providing fully amortising hire purchase solutions for used vehicles across the UK non-prime market. The business currently serves over 15,000 active customers nationwide and is committed to investing in data-driven technology to enhance decision-making and deliver outstanding customer experience.
Head of Finance Charles Bischoff commented: "We were delighted to advise the Billing team on the finance, corporate and tax elements of this landmark transaction for the business. This milestone package will support Billing Finance’s ambitious growth plans and continued investment in modern, technology-led solutions."
The Travers Smith team on this transaction was led by Head of Finance Charles Bischoff and Senior Associate Simon McPartlan, with support from Associates Ben Saunders and Hemani Balasingam, and Trainee Solicitor Ella Zimmerman. The Private Equity & Financial Sponsors team was led by Partner Alex Dixon, with support from Senior Associate Tiarnan McKeown. Tax advice was provided by Partner Madeline Gowlett, with support from Senior Associate Callum Burgess and Associate Claudia French.
