Addleshaw Goddard advises Palladian on its investment in Payplan

International law firm Addleshaw Goddard LLP has acted as legal counsel to Palladian Investment Partners LLP (“Palladian”), a leading mid-market independent sponsor, on its investment in PayPlan Limited (“PayPlan”).

Founded in 1992 and led by CEO Rachel Duffey, PayPlan is the leading provider of free-to-consumer debt advice and payment plan solutions, working with more than 100,000 customers each year to resolve their problems of indebtedness in a structured way by putting in place and administering a series of affordable repayment plans.

Palladian’s investment, alongside that of PayPlan’s management team, will accelerate the rollout of enhanced digital services, delivering greater benefits for both borrowers and lending partners.

Completion of the transaction is subject to approval by the Financial Conduct Authority.

The AG team was led by private capital partner Jan Gruter, supported by legal director Jagdip Gujral with tax support provided by partner Zoe Fatchen.

PayPlan is a mission-driven business that every day helps thousands of people to achieve greater financial resilience. We are proud to be partnering with Rachel and her team and are looking forward to working with them to build a market champion delivering financial inclusivity at scale. This was the first time we have worked with Addleshaw Goddard LLP and we were delighted with their dedication and expert counsel.

Doug Oppenheim

Co-Managing Partner of Palladian

Jan Gruter said: "We are proud to work with our independent sponsor client Palladian on this important partnership. This investment is a great example of how private capital can make a positive contribution to delivering financial inclusion and we wish PayPlan continued success as we look forward to supporting the Palladian team on the completion of this transaction. Our dedicated independent sponsor practice continues to see strong momentum – testament to the success of sponsors like Palladian to identify growth opportunities and deliver transactions at pace."