TDC Impact Fund and Arete back Product Partnerships with £10m investment to drive growth
Summary
TDC Impact Fund and Arete back Product Partnerships with \xa310m investment to drive growthTDCs Impact Fund, alongside Arete Capital, has provided a \xa310m funding package to Product Partnerships Limited (PPL), a leading regulated compliance solutions provider, to complete a management buyout (MBO) at the business.This investment marks a significant milestone in PPLs growth journey, enabling the company to expand and enhance its specialist compliance services offering and proprietary technology platform.Founded in 2014 and headquartered in Leeds, PPL provides outsourced compliance services to retailers offering consumer credit products covering both directly authorised firms and appointed representatives under Financial Conduct Authority (FCA) regulations. The business has delivered sustained growth and now looks forward to further consolidating its position as a compliance leader, investing in regulatory technology and allowing it to grow in a controlled way, whilst continuing to balance and mitigate risk.To support its regulatory and growth objectives, PPL has invested heavily in its team, with new hires in compliance, account management and technical roles, and by sponsoring the teams individual professional development. This will build on the exacting standards of compliance already embedded within the business, and continued focus on achieving good customer outcomes.Arete played a pivotal role in structuring the MBO, securing a tailored private credit facility with TDC via its Impact Fund to facilitate the transaction and future acquisitions. Peter, ex-Executive Chairman of JD Sports, brings a wealth of retail experience to the role.Phillip Garlick, Chief Executive of PPL, commented: The investment from Arete and TDC is significant for our business. It provides us with the financial firepower to invest in compliance resources, accelerate organic growth, explore strategic M&A opportunities, and continue our expansion into high-potential sectors such as green energy.