Product Partnerships Ltd Advances with £10 Million MBO Backed by Arete Capital
Deal News | Feb 13, 2025 | Hill Dickinson
Hill Dickinson recently advised on the private equity-backed management buyout (MBO) of Product Partnerships Ltd (PPL), a compliance solutions provider based in Leeds. The £10 million investment was led by Arete Capital Partners with contributions from TDC Impact Fund. This financial backing aims to propel PPL's growth and innovation by expanding its services and technological capabilities. Key figures from Hill Dickinson's Liverpool Corporate team, Partner Matt Noon and Senior Associate Alex Thow provided comprehensive legal assistance to Arete, ensuring the process was efficiently handled. Arete's Investment Director, Jamie Newall, praised Hill Dickinson for their dedication and expertise, which played a crucial role in the deal's fruition. PPL, well-regarded for its high-profile clientele like Google and Aston Martin, handles over £260 million in credit transactions, setting a promising stage for its upcoming developmental phase.
Sectors
- Compliance Solutions
- Private Equity
- Legal Services
Geography
- United Kingdom – The companies and participants involved in the transaction are all based in the United Kingdom, specifically mentioning Leeds, Liverpool, and Manchester.
Industry
- Compliance Solutions – Product Partnerships Ltd operates as a compliance solutions provider, offering regulated compliance services which are crucial for any financial transaction.
- Private Equity – The transaction involves private equity investment by Arete Capital Partners, facilitating the management buyout.
- Legal Services – Hill Dickinson provided legal advisory services for this transaction, showcasing engagement in the legal sector.
Financials
- £10 million – The investment by Arete Capital Partners and TDC Impact Fund to support PPL's MBO.
- £260 million – The value of credit transactions managed by PPL across its network.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Product Partnerships Ltd | Target Company | Company | A Leeds-based regulated compliance solutions provider that manages substantial credit transactions. |
| Arete Capital Partners | Lead Investor | Company | A private equity firm leading the £10 million investment in PPL's MBO. |
| TDC Impact Fund | Co-Investor | Company | The UK's only private debt fund outside of London, involved in funding the MBO with a focus on social and economic impact. |
| Hill Dickinson | Legal Advisor | Company | Provided legal advice and managed the transaction process for Lead Investor Arete Capital Partners. |
| Matt Noon | Partner at Hill Dickinson | Person | Led the legal team managing the transaction for Hill Dickinson. |
| Alex Thow | Senior Associate at Hill Dickinson | Person | Supported the legal management of the transaction at Hill Dickinson. |
| Jamie Newall | Investment Director at Arete | Person | Provided commentary on the MBO's success and Hill Dickinson's role in it. |