Debrett’s has advised Midlands-based distribution business Peritum Group on a refinance to restructure its funding facilities with Close Brothers. The new facilities are structured give additional headroom to support the growth that Peritum have seen since 2022.

Peritum Group is a specialist commercial workshop equipment distributor, providing the key lifting and testing equipment for commercial vehicle fleet operators across the UK.

Debrett’s, having worked with Peritum since 2022, found the right funding partner that provides more headroom to allow the business to better manage its complex working capital cycle.

Martin Poole, Partner at Debrett’s, said: “This new funding facility comes at the perfect time for Peritum, having grown substantially over the last three years with changes to regulations and a growth in demand for Peritum’s products. The facility that Close Brothers are providing is intended to provide significant headroom, allowing the business to manage its cashflow more effectively.”

David Hall, Managing Director at Peritum, said: “It has been critical for us to refinance and the support Debrett’s have provided has been invaluable. They have taken the time to understand the business and its cashflow, and tailored a solution to fit accordingly. We look forward to working with Close Brothers.”

Debrett’s combines its centuries-old heritage with a modern advisory platform spanning M&A, investments and executive coaching, offering founders, entrepreneurs and private clients a complete suite of services to support every stage of their personal and business journeys.

The firm is guided by a board including Darryl Eales, former chief executive of LDC; Richard Swann, partner at Inflexion and chair of its investment committee; and Richard Sanders, co-founder of Catalyst Corporate Finance (now Alantra). This leadership places Debrett’s at the heart of the UK’s mid-market dealmaking community.

Advisors on the deal:

Debrett’s (advisors), Close Brothers (funder), Higgs LLP (Peritum legals), Shoosmiths (Close Brothers legals), FRP (FDD), Pinsent Mason (incumbent funder Shawbrook legals).

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