Founded in 2016, Perch has expanded from a regional start-up into a group with more than 500 employees, over one million customers under management and assets under management exceeding £1 billion. The group operates across the full credit management lifecycle through five subsidiaries: debt purchaser Perch Capital, customer engagement specialist ACI UK, field services provider Verify, SRA-regulated law firm TM Legal and outsourced contact centre business Perch Connect. Combining those capabilities under a single ownership structure is central to the firm’s positioning.

Ellis Diamanti, head of specialty finance at Triple Point, described Perch as “a genuine UK growth story, built outside London into one of the country’s leading credit management platforms with a ten-year track record.” He added that Triple Point looks forward to supporting the business as it enters its next phase of development.

Mark Pickup, chief financial officer at Perch Group, said the expanded funding package “provides a strong foundation for future growth as we continue investing in technology and delivering outstanding customer outcomes.” The company did not provide further detail on the specific technology projects the capital will fund, nor did it disclose the individual loan tenors or pricing within the £400 million platform.

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

The UK debt purchasing and credit management sector has attracted significant institutional capital over the past several years, with lenders drawn to the combination of relatively predictable cash flows from purchased debt portfolios and the regulatory clarity provided by the FCA ‘s consumer credit regime.

Source link