Liberty Corporate Finance is pleased to announce the successful completion of the Management Buyout of London Property Maintenance.

London Property Maintenance provides a wide range of fully comprehensive support services incorporating contract cleaning, security and building maintenance for office, industrial, retail and specialist environments such as large to shopping centres. Based in Kent and with a turnover of £20million, London Property Maintenance is well placed to make strategic acquisitions in a very fragmented market.

Liberty Corporate Finance advised Sovereign Capital on their £5million investment in the transaction.


Steve Thomson, a Director at Liberty Corporate Finance, commented: “This is Liberty’s third transaction in the first 10 months since Liberty Corporate Finance was formed and was a project that Sovereign Capital had sourced off market and been working on for some time. London Property Maintenance and its management team will provide an excellent platform to fulfil their strategy of consolidation in this market”. Paul Egan, an Associate Director at Sovereign Capital, commented: “Liberty Corporate Finance provided us and the management team with the quality of service, advice and assistance through the process that enabled us to get this transaction to a successful completion.”

PREVIOUS DEAL ANNOUNCEMENTS

LPM

1 November 2006