Jamieson is pleased to announce that it has advised Tara Waite and the management team of Premium Credit on the terms of their management incentive arrangements as part of the sale of the business to TowerBrook Capital Partners. This is the second time Jamieson has advised Premium Credit, having also advised management on the sale to Cinven in 2015.
Premium Credit is the No.1 premium finance company in the UK and Ireland, enabling businesses and individuals to spread the cost of their insurance premiums, school fees, club memberships and rail season tickets. Premium Credit has a customer base of more than two million people, and over £3.8bn in net advances, having been founded in 1988.
Tom Burton and Matthew Mowat advised the management team on the transaction.