1st Stop Group
1st Stop Group (‘1SG’) is an owner managed SME, specialising in the provision of car, home and personal loans to ‘near prime’ customers.
In December 2015, TDC provided a £10M Second Lien capital to support growth plans for the business that was recognised as one of the fastest growing in the region through 2015.
In December 2016, after a period of significant growth, the Group was backed by a significant investment from private equity fund manager Pollen Street Capital, at which time TDC exited. The investment by London-based Pollen Street was designed to allow the company to continue to develop and grow its lending book.
Alex Mollart, chief executive of 1st Stop Group, said: “The team at TDC were straight forward and easy to deal with, their local presence was invaluable and ensured we had ongoing access to their senior team. The second lien debt acted as a catalyst for a further phase growth in 1SG, building material equity value for the shareholders prior to attracting private equity investment from Pollen Street Capital. Throughout the period of the TDC investment we continued to mature as a business, improving reporting, controls and general governance.”
Deal typeSecond Lien Facility
Deal dateDecember 2015
Exited toPollen Street Capital