The Delivery Group

We’ve supported one of the UK’s fastest growing e-commerce distribution groups in securing a £45 million refinancing package to support its long-term growth strategy.

Warrington-based, The Delivery Group (TDG), which is backed by private equity firm, Next Wave Partners, provides national and international SME e-commerce and specialist direct mail services. With four sorting hubs across the UK and over 450 employees, the business has the infrastructure to handle over a billion parcels, packages and special services per year.

With the support of our Debt Advisory team, TDG has now secured a hybrid £45 million asset-based-lending and cash flow facility from Investec. The package, which is an increase on a previous facility, provides significant capital for new operational investments and headroom to support the Group’s growth strategy as it looks to continue to expand its e-commerce services.

Our Debt Advisory team, helped to optimise and execute the new financing package, supporting lender and company through credit approvals, and leading commercial negotiations to completion. This builds on a previous advisory engagement our Debt Advisory team had with TDG in 2023 to successfully upsize its banking facilities.  

Tom Cox, Debt Advisory Partner at FRP Corporate Finance, said: “Finding the right financing structure was essential to support The Delivery Group’s ambitious expansion plans. We had a strong existing relationship with the business and Next Wave Partners already and leveraged our extensive knowledge of its operations to secure a hybrid asset-based and cash flow lending package that provides the business with resources to support the next phase of its rapid growth.”

Michael Owen, Group CEO at The Delivery Group, said: “This refinancing with Investec delivers the financial structure and flexibility we need to continue delivering on our strategic growth plan.

“I’m grateful for the support the team at FRP Corporate Finance has provided throughout this transaction. Once again, they’ve applied their expertise and experience to help us secure a package that’s just right for our needs.”

Jonathan Brod, Managing Partner of Next Wave Partners, added: “We’re committed to supporting The Delivery Group’s growth as leading SME e-commerce distribution business, and FRP Corporate Finance have continued be real partners to us in this relationship. Thanks to its support, we’ve been able to secure a finance package that positions the business well for the next phase of its expansion.”