Liberty Corporate Finance is pleased to announce the completion of a majority investment by HgCapital in Citation, one of the leading providers of HR and Employment law, Health & Safety, and ISO services to UK businesses. HgCapital will assume majority ownership from ECI Partners, investing alongside the existing management team.
Citation was established twenty years ago and provides professional regulatory-driven compliance services to over 16,000 clients across a range of specialist areas, including: human resources and employment law; health and safety; ISO accreditation; and staff training. The Company is headquartered in Cheshire and employs over 350 professionals.
Liberty Corporate Finance provided advice to the management team on the transaction.
Chris Morris, CEO, Citation commented: "Since joining Citation in 2013, the business has delivered sustained growth and has developed all areas of sales and marketing, service delivery and culture. The management team have enjoyed the period of ownership under ECI Partners, where we have put in place a platform for growth and success that will continue for many years, and we are excited to be partnering with HgCapital to continue this development and realise the very great potential that remains in the business and in the wider sector."