Liberty Corporate Finance is pleased to announce that within four months of forming they have completed their first deal.

Liberty Corporate Finance advised Sovereign Capital on their investment in the £29million management buy-out of Avance, formerly the business process outsourcing operations of BCW Group PLC, which completed on 7 July 2006.

The Avance business provides account opening, credit processing, dispute management and debt collection services to businesses operating in the Leisure, Utilities and Telecoms sectors, from its bases in Leeds and Rutherglen.

Steve Thomson, a Director in Liberty Corporate Finance, commented: “We are delighted and proud to be associated with such a quality business in Avance and to have been the lead corporate finance advisors to Sovereign Capital who are extremely active in this sector. We were introduced to the deal by Philip Conboy at an early stage and helped him and Sovereign to win an extremely competitive auction and complete the transaction in a relatively short time span, working with a high calibre management team”. Philip Conboy, a Director at Sovereign Capital, commented: “Liberty Corporate Finance provided excellent support and service throughout the process, assisting with all aspects of the transaction and allowing us to focus on the core requirements that Sovereign Capital wanted from the transaction.”



1 July 2006