Hill Dickinson has advised on the private equity-backed management buyout (MBO) of Leeds-based Product Partnerships Ltd (PPL), a regulated compliance solutions provider.
The £10 million investment from Arete Capital Partners together with the TDC Impact Fund—the UK’s only private debt fund outside of London and based in Manchester—will enable PPL to expand and enhance its offering and develop its proprietary technology platform.
PPL, which has built an impressive list of high-profile clients, including Google, Aston Martin and JD Sports, today oversees more than £260 million in credit transactions across its network.
Partner Matt Noon and senior associate Alex Thow, both of Hill Dickinson’s Liverpool Corporate team, led on the legal aspects of the transaction, providing advice to long-standing client and lead investor Arete, with support from an interdisciplinary team which included FCA and Regulatory specialists.
We are delighted to have worked on another deal with the Arete team, investing into another great business. We look forward to seeing what the future holds for PPL and wish the management team all the best in this new chapter.Matt Noon
Corporate Partner
Commenting on the buyout, Jamie Newall, Investment Director at Arete said: “Alex and Matt at Hill Dickinson delivered exceptional service throughout, combining their technical expertise with clear, practical guidance at all times. Their commitment, responsiveness and accessibility ensured an efficient legal process whilst managing the requirements of various stakeholders.”
Matt Noon added: “We are delighted to have worked on another deal with the Arete team, investing into another great business. We look forward to seeing what the future holds for PPL and wish the management team all the best in this new chapter.”