Clearwater International advises TTC Group on raising acquisition finance

Clearwater International has advised Palatine backed TTC Group on raising debt finance from Santander and HSBC to support the bolt-on acquisition of License Bureau. The strategic acquisition sees TTC Group broaden its corporate fleet customer base and further strengthen its compliance capability within its proprietary technology platform, Continuum.

Telford-based TTC Group provides fleet management and compliance solutions in its corporate division. The business has seen strong growth in the number of drivers on its driver risk management software platform, Continuum. This platform provides the complete lifecycle of compliance, administration and driver risk management services, reducing fleet costs and improving driver behaviour. As part of the deal, the corporate fleet division of TTC Group will move to Hemel Hempstead to support the wider group’s fleet risk management activities.

Founded in 2003, Licence Bureau provides licence checking and document verification services for SMEs and large corporates. The company has one of the UK’s largest corporate fleet client bases, with more than 1,400 companies utilising its services, including over 20% of FTSE 100 companies. From its base in Hemel Hempstead, the company has completed more than four million UK driving licence checks.

raised debt finance from

to support the acquisition of

Acquisition finance

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Palatine backed TTC Group raised debt finance from Santander and HSBC to support the acquisition of License Bureau
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We appreciate Clearwater International’s guidance and support over the course of this transaction. The debt advisory team played a key role in guiding us throughout the financing process, and their sound advice and debt expertise ensured a smooth process through to completion. We look forward to working closely with the team at License Bureau to continue strengthening our offering in the UK market.

Jim Kirkwood, CEO at TTC Group

Clearwater International’s Debt Advisory team helped deliver a compelling financing package to support TTC’s bolt-on acquisition of License Bureau. Clearwater negotiated a bespoke funding package delivering on our and management’s requirements to support the next phase of growth. We look forward to working with the Clearwater team on future transactions.

Richard Thomas, Senior Investment Director and Head of Palatine’s Midlands

It was a pleasure working with the TTC Group to secure a competitive funding facility that will allow the company to continue growing its service offering in the UK. As the largest business in the license checking market, its acquisition of the License Bureau will only strengthen its position within the marketplace.

Joe Dyke, Director at Clearwater International

Clearwater rådgivare

Joe Dyke
Joe Dyke Partner

+44 845 034 4772 Maila
Hertej Rattan
Hertej Rattan Director

+44 845 052 0369 Maila
Kieran Virr
Kieran Virr Associate Director

+44 845 241 5404 Maila

Tillbaka till transaktioner

Clearwater International advises TTC Group on raising acquisition finance

Clearwater rådgivare

Joe Dyke

Hertej Rattan

Kieran Virr