Partners& set for growth with debt facility from Santander UK

Since it was founded in April 2020, Partners& has operated exclusively with equity capital from its long-term partner, Capital Z and management/employees, successfully delivering its strategy despite volatility created by the pandemic, unprecedented interest rate rises and the cost-of-living crisis. Having transitioned from start-up business to established enterprise, the management team continues to engage in its distinctive blended growth strategy through investment in high-quality specialist acquisitions and talented teams to deliver on its core premise to challenge the status quo and create the next generation insurance advisory business.

Phil Barton, Partners& Group CEO said: “We’re thrilled that Santander has partnered with us. With a healthy pipeline of acquisitions, we embarked on a thorough tender process to find a like-minded, first-rate lending partner who shares our culture, vision, ambition, and sustainability objectives. In electing to partner with Santander, we have joined forces with a lender who shares our commitment to partnership and a values-driven approach to business.

“These funds provide us with additional firepower to fulfil our blended growth strategy, whilst maintaining our conservative approach to debt / financial discipline. We have built a great business, we have a strong pipeline, we have the funds to do deals, and we have a great partner in Santander.”

Chris Thomas, Director, Financial Sponsors of Santander UK said: “We’ve been tracking Partners& for some time and have been impressed with their story, their leadership team and their commitment to delivery. They stand out in the insurance sector as a high-quality asset. We’re delighted to be supporting them as they pursue their next phase of growth.”