Moore Blatch advises on recent Liberata acquisition
Hampshire law firm Moore Blatch recently advised on the acquisition of Liberata Group, a leading supplier of business process outsourcing services to the public sector, by Endless LLP, a UK based private equity house.
With the backing of the management of Liberata, the acquisition will see Endless invest over £20 million of new funding into Liberata to support the future growth of the business. Liberata employs over 2,200 people and 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 Moore Blatch team, led by commercial partner Peter Jeffery, provided support and guidance on the £20 million fundraising, as well as the acquisition.
Peter Jeffery comments: “We are delighted to have worked with Liberata and Endless LLP on this important acquisition. This transaction represents Endless’s biggest investment to date and their first deal in London. It also means that Liberata is now in a strong position to pursue their ambitious plans and capitalize on the continued growth trend in the public sector for professional managed services.”
Seven legal firms advised on the deal, with Moore Blatch coordinating activity and ensuring clear lines of communication between all parties.
Five fee earners from Moore Blatch including; Peter Jeffery, Anna West, Katherine Maxwell, Roger Bailey and Helen Clifton provided advice on the transaction, with Anna responsible for the acquisition and equity fundraising and Roger assisting on the debt aspects of the deal.
Peter concludes: “This was a great effort from our team of experienced fee earners, with all working tirelessly to ensure we delivered a tremendous outcome for the client.”