The Business
Liberata is one of the UK’s leading providers of business processing outsourcing services to the public sector. The Group employs over 2,000 people with a core focus of 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 £100 million, underpinned by contracts with the Ministry of Justice and several of the largest local authorities in the UK.
The Transaction
Endless has provided £20 million of funding to support the future growth of Liberata and this transaction has seen the financial position of the Company strengthened considerably.
Value Creation
In order to acquire the business, an innovative transaction structure was required to satisfy the requirements of a wide stakeholder base and to ensure a challenging timetable was met. This was one of the final pieces in a turnaround strategy that was already well advanced by the team at Liberata.
The Endless Difference
Endless delivered a unique deal structure which was agreed quickly with the exiting shareholder and relevant regulatory bodies.
Endless has backed the Liberata Management team and Liberata is now restructured with a strong balance sheet and a promising future. Significant new capital has been provided to support the Company’s ambitious growth plans over the next few years.
Testimonials
“Endless proved to be remarkably focused, commercial and straight forward to deal with. They were the quickest to fully recognise and understand the investment opportunity. Their approach was to set clear and pragmatic principles on day one and they adhered to them right through to completion. Finally, what also stood out with my management team was the degree to which Endless is self sufficient in fielding its due diligence team. This proved very helpful in building mutual confidence and our relationship during the investment process.”
Dermot Joyce, CEO, Liberata Ltd, Jan 11