- New funding facility enables Wilson Partners to fulfil growth aspirations
- Maidenhead accounting firm adds to Triple Point’s growing portfolio of SMEs
- Triple Point recently named in Top 10 UK debt providers by MarketIQ M&A Review 2022
Triple Point Private Credit has announced a new £10m funding facility for Wilson Partners, the accounting, tax and corporate finance firm based in the South East of England. The funding will enable Wilson Partners to proceed with its future acquisitive growth plans and build on its excellent reputation as a trusted accounting partner.
Head-officed in Maidenhead, the business was incorporated in 2008 and prides itself on a partnership approach that goes far beyond the numbers and provides its SME business and private equity clients the insight and advice to make great decisions to achieve their goals. Wilson Partners partnered with investment fund sponsor, Fordhouse, in 2021 to build on their foundations as a disruptor in the accounting and finance sector. Following a competitive process, Triple Point was chosen as the financing partner for Wilson Partners due to its relationship-led approach and understanding of wider strategic goals.
This facility marks a further addition to Triple Point’s Private Credit portfolio, having provided business-critical funding to over 140,000 SMEs as well as important public sector bodies in the UK. As non-bank lending becomes an increasingly successful model for businesses in need of financing, Triple Point’s relationship-driven partnerships and tailor-made lending solutions have led to widespread recognition. Most recently, Triple Point was named in the Top 10 list of UK debt providers in MarketIQ ‘s 2022 M&A Review.
Dominic Reason, Relationship Director in Triple Point Private Credit’s SME Debt Finance Team, led the transaction and commented: “We are thrilled to have provided debt facilities to Wilson Partners to support the group with their growth ambitions. The relationship with WP has been built up over a number of years and we are excited by the opportunity to support this dynamic and established business on their journey with equity partner, Fordhouse.”
WP’s Managing Director Allan Wilson said: “We wanted to work with a partner who gets our ambition to shake up the sector and understands what we’re trying to achieve. With Triple Point’s facility in place, we’re able to engage with like-minded businesses who put their clients and their people front and centre of their ambitions to help build a new breed of accounting firm.”
Fordhouse’s Freddie Bellhouse commented: “I was delighted to work with Dominic and his team. Given the already strong relationship our Corporate Finance team has with Triple Point choosing them as our funding partner was a straightforward decision.”
