News

Following the successful launch of Endless LLP in Leeds at the end of 2005, the private equity fund has taken steps to extend its reach through the recruitment of a further senior investment director and the opening of its office in Manchester to support its North West investment activity.

Endless LLP, the buyout and >turnaround fund which focuses on UK businesses with strong development potential, has already made an impact upon the North West market with the £2m funding of a secondary buy-out of the Trafford Park based business - Neville Johnson Offices Limited - in February 2006. This was quickly followed by the appointment of Warwick Ley from Ernst & Young as an investment director based in the North West.

Warwick has been joined by Gary Davison, a fellow investment director and formerly with Burdale Financial Limited. As a founding Director of Enterprise Finance Europe, the Bank of Ireland's asset-based lending business, Gary was instrumental in the successful development of that business culminating in the acquisition of Burdale Financial Ltd in 2005.

As a board member with Burdale, Gary further developed his strong reputation for innovative deal making in the mid-corporate market in the North of England, having structured and completed a number of successful buy-out, refinancing and turnaround opportunities across the region.

Together with Warwick, Gary will lead Endless's investment strategy in the North West operating from offices in King Street, Manchester. Their remit will be to seek out investment opportunities in the SME and mid-corporate market with debt and equity injections of between £500,000 and & £20,000,000.

Supported by private investment, Endless is led by former Ernst & Young partner Garry Wilson, and has raised an initial fund of £100 million to invest. Mr Wilson commented “the recruitment of Gary and Warwick underlines our commitment to the North West region, which is a market we are confident will deliver a rich seam of investment opportunities”

Since its launch in December 2005, Endless has concluded 8 investments totalling £30m across a number of sectors. The fund, which makes its own investment decisions, aims to address a gap in the regional buy-out and turnaround market through short lines of communication and speed of delivery.

Further information:

Endless LLP

Garry Wilson
Partner    
+44 (0) 7785 225147
garry.wilson@endlessllp.com

Darren Forshaw
Partner    
+44 (0) 7887 625110
darren.forshaw@endlessllp.com

Warwick Ley
Investment Director     
+44 (0) 7775 818602
warwick.ley@endlessllp.com

Media enquiries:

Capital MS&L
Peter Curtain / Annabel O'Connor
Annabel.oconnor@capitalmsl.com
+44 (0) 20 7307 5330
www.capitalmsl.com

Notes to editors:

Endless LLP

Endless provides investment and financial advice to support buyout, turnaround and re-financing situations with equity and debt injections. Based in Leeds, the firm prides itself on its market-leading speed combined with ultra-efficient service. Endless makes its own investment decisions, without any need for approval by a credit committee. Supported by private investment, Endless has raised an initial fund of £100 million to invest.