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Triple Point Supports Strategic Management Buyout of Suresite
Triple Point’s Private Credit team is pleased to have supported the management buyout of Lancashire-based Suresite Group Limited (‘Suresite’).
Established for over 30 years, Suresite is a leading provider of payment processing solutions and compliance services, recognised for its innovation, reliability and customer service excellence. Continued investment in its team, technology and growth initiatives has enabled Suresite to expand beyond its traditional fuel retail focus, establishing a leading payments specialist across fuel, unattended retail, franchise networks and EV charging (now branded as ‘Attenda’).
The transaction marks the retirement of founder Geoff Oldham and formalises the succession of leadership to the executive management team, led by CEO Steve Hoban and Chief Strategy Officer Matt Oldham. Geoff will remain a significant shareholder and continue to serve as an ambassador for the business.
Triple Point has originated a flexible funding package to facilitate the transaction and support Suresite’s long-term growth strategy, including expansion into new markets and geographies.
Paul Dolyniuk, who leads Triple Point’s SME Debt Finance activity in the North, commented:
“Suresite is an impressive, fast-growing business with a clear strategic vision – one that requires a flexible, long-term funding partner. Based here in Lancashire, I am proud to support a local business with national presence and look forward to a successful journey ahead.”
Steve Hoban, Chief Executive Officer at Suresite comments:
“We are excited to have secured funding with Triple Point. They were extremely supportive through the process which was new to us as an SME and they were flexible to our needs. Post completion the relationship has continued to be positive and collaborative. We are looking forward to continuing to work together and appreciate the investment in the North West!”
For over a decade, Triple Point’s Private Credit team has been supporting the funding needs of businesses across the private and public sectors. Today, we manage a loan book of more than £1.4 billion, delivering capital with purpose, pace and certainty. This transaction reflects Triple Point’s commitment to backing high-potential businesses in the North West and across the UK. The firm continues to play a leading role in facilitating shareholder transitions, supporting M&A activity and financing growth to drive innovation and job creation.
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