Case Study

Winn Group receives a Term Loan to support their next phase of growth

Headquartered in Newcastle upon Tyne, United Kingdom, Winn Group is a market-leading one-stop-shop for accident management and rehabilitation services for all motor related claims.

Winn Group

At a Glance

As part of Winn Group’s full-service offering, the Company handles all aspects of a claim, including vehicle recovery, arrangement of repairs, Motability services including provision of a like-for-like replacement vehicle whilst the client’s vehicle is off the road, coordinating a medical assessment and treatment where necessary, pursuing compensation and associated losses, and processing all claims correspondence.

In November 2025, PGIM partnered with Nomura to provide Winn Group with a Term Loan in support of the continued growth of the business, while allowing shareholders to partially realise value. In addition, NatWest, long-term banking provider for Winn, has agreed to provide revolving credit facilities to support working capital.

KPMG Corporate Finance advised the Company and its shareholders on the transaction. PwC provided commercial, financial and tax due diligence. Rimon’s Private Credit team provided lender counsel, Dickson Minto provided company counsel and legal due diligence, and Simmons & Simmons provided counsel to incumbent super senior lender, NatWest.

PGIM’s middle market Direct Lending mandate provides relationship-focused and tailored debt capital for both sponsored and non-sponsored businesses, with EBITDA of £10-60+ million.

Relationship since 2025
 
Transaction details:
  • Senior Term Loan

“Winn Group are excited and delighted to be partnering with PGIM and Nomura for its next stage of growth and continue its long standing relationship with NatWest. This investment allows the existing management team to continue to expand the Groups offering in the insurance claims management space and continue its journey which started almost 20 years ago. We look forward to working with our new partners and also would like to thank everyone involved in making the transaction process a success.”

Chris Birkett, CEO, Winn Group

<p>“Winn Group are excited and delighted to be partnering with PGIM and Nomura for its next stage of growth and continue its long standing relationship with NatWest. This investment allows the existing management team to continue to expand the Groups offering in the insurance claims management space and continue its journey which started almost 20 years ago. We look forward to working with our new partners and also would like to thank everyone involved in making the transaction process a success.”</p>

“We’re delighted to be able to support the shareholders of Winn Group, providing a tailored funding solution for the next phase of the Company’s growth. Winn is a market-leading operator in the accident claims management space, with a focus on providing a high-quality service offering, and we look forward to partnering with the management team and shareholders in the years to come.”

Adam Shield, Senior Director, PGIM

<p>“We’re delighted to be able to support the shareholders of Winn Group, providing a tailored funding solution for the next phase of the Company’s growth. Winn is a market-leading operator in the accident claims management space, with a focus on providing a high-quality service offering, and we look forward to partnering with the management team and shareholders in the years to come.”</p>

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Adam Shield
Adam Shield

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