Travers Smith has advised Quilam Capital on the provision of a new significant committed debt facility to Perch Group, a Blackpool-headquartered specialist credit and asset management company.
In addition to this facility, Quilam has also taken a direct equity stake in the business, the investment from Quilam both enables the business to super charge its growth objectives and provides support to the group through the deep expertise and market knowledge that Quilam Capital has in the nonperforming loan (NPL) and speciality finance space.
Founded in 2018, the Group employs over 120 staff in Blackpool and provides creditors with a range of technology driven services. The Group currently provides debt purchase through Perch Capital, a specialist debt purchaser of regulated and unregulated unsecured debt portfolios and debt collection services. To date, Perch has acquired over 160 portfolios with a total face value in excess of £500 million across 600,000 customer accounts.