Press release: TalkTalk deepens partnership with Demica to support long-term liquidity
Published: Sep 2023
11th September 2023 – TalkTalk, the UK’s leading value for money connectivity provider, is deepening its long-standing partnership with Demica, to continue accessing cost-effective working capital and further drive its growth.
TalkTalk and Demica have worked together since September 2016, with TalkTalk using Demica’s market-leading platform to power reporting for its working capital solutions.
The new three-year deal now sees TalkTalk access £75mn of liquidity, funded by credit funds and accounts managed by KKR’s credit business. The transaction takes advantage of Demica’s expert working capital advisory and distribution services, in addition to maintaining the comprehensive transaction reporting Demica was already providing.
Commenting on the enhanced partnership, Markus Musielak, Demica’s Managing Director, Structuring, said “It’s great to continue our long-standing partnership with TalkTalk, particularly as we add more of our specialist capabilities to support their long-term financial objectives. We look forward to seeing this partnership grow over the coming years.”
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