Private equity fund manager Endless has acquired Liberata, a supplier of business process outsourcing services to the public sector, in a deal which will see more than £20 million injected into the business to fund growth.

Private equity fund manager Endless has acquired Liberata, a supplier of business process outsourcing services to the public sector, in a deal which will see more than £20 million injected into the business to fund growth.

Endless will retain the incumbent management team of Dermot Joyce and Martin Trainer, who act as chief executive officer and chief financial officer respectively. The acquisition, which is the first London deal for the firm, was completed for an undisclosed sum.

According to an Endless statement, Joyce and Trainer joined Liberata in the past 16 months to restructure and build the business, focusing on current clients and on new growth opportunities in the public sector. Liberata has a turnover in excess of £100 million and contracts with the Ministry of Justice and several of the largest local authorities in the UK.

Endless was launched in December 2005 and focuses on investment in turnarounds and financial restructurings.

Liberata chief executive Dermot Joyce says: ‘This transaction and new investment from Endless means we are better positioned to pursue our ambitious future.’