Our corporate team have advised Palatine Private Equity backed road safety training and services provider, TTC Group Limited, on its acquisition of Licence Bureau Limited and the refinancing of its banking facilities (to finance the acquisition and redeem existing debt) with a two-bank club of HSBC UK Bank plc and Santander.
Licence Bureau, founded in 2003, provides licence checking and document verification services to businesses in the UK, with a client list of over 1400 corporates, including a large number of FTSE 100 companies.
The acquisition allows TTC Group to offer a suite of complimentary services to its growing client base.
Andrew Cowan, who led on the deal, said “We were delighted to be able to work with TTC Group and support them in this acquisition that will provide them a platform for further growth. The Gateley team are able to bring together the corporate and banking advice which clients need to get transactions of this nature, including a contemporaneous bolt-on acquisition and refinance, over the line quickly and cost effectively”.