Investec provides debt package for Graphite Capital-backed TMP (UK) Limited

Investec Growth & Acquisition Finance has provided TMP (UK) Limited (“TMP”) with an integrated funding structure to refinance the business and position it for future growth. TMP is a market leader in UK recruitment advertising and is backed by private equity firm Graphite Capital.

The debt package consists of a term loan and asset based lending against receivables. The refinancing means that TMP is now poised to take advantage of future acquisition opportunities as well as supporting ongoing working capital requirements.

James Cullen of Investec Growth and Acquisition Finance said: “Despite the difficult market conditions, we’ve remained very much open for business for the right deals. In particular, we are seeing some good opportunities, like the TMP deal, to work alongside private equity houses to assist them with the refinancings of their portfolio companies. TMP is a leader in its field and we’re delighted to be supporting Andrew Wilkinson and his team in the next stage of their development. ”

TMP has been backed by Graphite Capital since the MBO in 2006. It works with both private and public sector clients and its business model is at the forefront of the shift from use of traditional media to the online model.