PHD scores 9.2x on Liberty Services exit

Liberty Global was the first investment made from PHD's debut private equity fund, which closed in 2008 on £5m. PHD invested in Liberty in 2008; since then, sales have grown from £6.9m to £10.5m and EBITDA has increased five-fold. It is understood PHD's initial investment stood at around £1m.

Company
Liberty is based in Croydon and has developed print solutions for public authorities and private sector businesses, which support the issuing, management and collection of Penalty Charge Notices (PCN) in the parking enforcement sector. The company also sends out letters demanding payment. 

People
Philip Price is a partner at PHD and sat on Liberty's board during the investment period. Gavin Reddin is the chairman of Liberty.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Exits
• Support services
• Dow Schofield Watts
• United Kingdom
• Trade sale