Travers Smith LLP has advised the management team of Premium Credit, an industry leading provider of instalment finance solutions, on the sale of Premium Credit by Cinven to Towerbrook Capital Partners. Travers Smith has a long-standing relationship with Premium Credit, having acted for management when Cinven acquired the business in 2015.
Premium Credit is a leading provider of premium finance for commercial and retail insurance products, as well as other specialist lending solutions. The Company’s best-in-class IT platform enables businesses and individuals to spread the cost of insurance premiums and other repeat payments over time. Headquartered in the UK with approximately 400 employees, Premium Credit operates through a network of more than 3,200 partners to serve more than 2.1 million customers.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner Adam Orr and also included Senior Counsel Alex Dixon, Senior Associate Rachel MacArthur, Associates Niki Mavronicola and Ollie Creamer and Trainee Alice Allen. Specialist tax advice was provided by Tax Partner Russell Warren and Associate Lewis Currie.
Jamieson Corporate Finance acted as financial advisers to management.
