Endless completes first deal in London
Endless is delighted to announce the buyout of Liberata Limited providing over £20 million of new funding to support the growth of the business.
Liberata is a leading supplier of business processing outsourcing services to the public sector through its 20 business centres in the UK. 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.
Endless is backing the incumbent management team of Dermot Joyce and Martin Trainer, who act as Chief Executive Officer and Chief Financial Officer respectively of the Group. Joyce and Trainer 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.
“This is a landmark deal for Endless, representing both our biggest investment to date and our first deal in London. We are delighted to back such a strong management team with capability, track record and ambition to capitalise on the continued growth trend in public sector for professional managed services.” Garry Wilson, Managing Partner of Endless
Chief Executive of the Group Dermot Joyce said, “For all our clients, employees and partners this transaction and new investment from Endless means we are better positioned to pursue our ambitious future. I thank the company’s board of directors for their exceptional support and commitment to the company over the last several years. ”
The Endless team included Chris Clegg, James Woolley, Simon Mason, Kerry Swain and Ian Plumb. Endless was advised by Robin Johnson of Eversheds and Gordon Singer of PwC.