Endless acquires Liberata

Endless provided more than £20m from its £164m fund II to support the growth of the business. Endless is backing the incumbent management team which joined Liberata over the last 16 months to restructure and build the business, focusing on current clients and on new growth opportunities in the public sector.

General Atlantic invested £160m in Liberata in 2003, securing a 64% stake in the business.

Originally established in 1975, Liberata is a supplier of business processing outsourcing services to the public sector, through its 20 business centres in the UK. The group employs around 2,000 people with a core focus on improving and streamlining complex operational processes to drive costs savings and transform service management for local authorities and central government departments.

Liberata has a turnover in excess of £100m, underpinned by contracts with the Ministry of Justice and several of the largest local authorities in the UK.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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• Topics
• UK / Ireland
• Turnaround/Special Situations
• Exits
• Support services
• Endless
• Secondary buyout