Southampton: Moore Blatch advises Liberata on sale to Outsourcing Inc
Southampton-based legal firm Moore Blatch has advised the management team of Liberata, one of the UK’s largest outsourcing companies which employs 1,424 staff, on its £43 million sale to Japanese-listed Outsourcing Inc. The transaction was completed in just five weeks from the signing of heads of agreement to completion.
The sale came just eight weeks after Moore Blatch had advised management on the £57m sale of Liberata subsidiary, Trustmarque Solutions, which employs 620 people, to UK outsourcer Capita plc.
Peter Jeffery, partner at Moore Blatch, commented: “In the past two months we have completed deals worth over £100m in this sector alone, dispelling the myth that large transactions are the sole preserve of London firms. Transactions involving outsourcing organisations are by their nature very complex, as though a sale may be for a single entity, the operating divisions are often unique businesses in their own right. This issue is further complicated when the purchaser is located or, in the case of Outsourcing Inc, listed overseas.”
Martin Trainer, chief financial officer of the Liberata group, commented: “These were both highly-complex transactions with Capita and Outsourcing Inc both being buyers with extremely exacting requirements. On both occasions the team at Moore Blatch has delivered not only the prerequisite legal knowledge, but more importantly they have done it in a way that demonstrates their passion for going that extra mile.”