The Delivery Group (“TDG”), the UK’s fastest growing e-commerce and specialist distribution group, has secured an upsizing of its banking facilities to support its continued growth.
The Delivery Group provides national and international SME e-commerce and specialist direct mail services. The Group has a turnover of c£300 million, operating from six national sorting hub locations, supported by more than 500 employees and infrastructure that can handle over a billion items per year.
The new structure will increase the day-to-day working capital facilities and provides further headroom as the business commences its next phase of growth. It has also provided a stable platform to explore further M&A opportunities.
Tom Cox, partner at FRP Corporate Finance who advised the transaction, said: “TDG continues to set the standard in SME e-commerce distribution services, leveraging a market leading tech-stack to deliver superior collection flexibility, at competitive prices. “This upsized financing will allow the Group to continue to deliver on its business plan, opening new service channels such as medical distribution services, and exploit continuing growth in SME e-commerce in the UK and internationally.”
Jonathan Brod, Managing Partner at Next Wave Partners, added “The Delivery Group is well-positioned to leverage growth opportunities organically and through strategic acquisitions. We are excited to continue to support The Delivery Group’s journey as they enter their next chapter.”
Stuart Bates, commercial director at Praetura Commercial Finance, said: “We’ve worked with Michael and the team for over ten years and it’s been a real privilege to play a role in their journey. He continued “Praetura’s mission is to fund ambitious SMEs and help fuel their growth, this next chapter is sure to be another exciting expansion period for The Delivery Group.”
The upsizing of the banking facility marks an important milestone for The Delivery Group, enabling them to execute on their organic growth strategy and allowing them to explore further M&A opportunities.
