Oh no, you're thinking, yet another cookie pop-up. Well, sorry, it's the law. We measure how many people read us, and ensure you see relevant ads, by storing cookies on your device. If you're cool with that, hit “Accept all Cookies”. For more info and to customize your settings, hit “Customize Settings”.

Review and manage your consent

Here's an overview of our use of cookies, similar technologies and how to manage them. You can also change your choices at any time, by hitting the “Your Consent Options” link on the site's footer.

Manage Cookie Preferences
  • These cookies are strictly necessary so that you can navigate the site as normal and use all features. Without these cookies we cannot provide you with the service that you expect.

  • These cookies are used to make advertising messages more relevant to you. They perform functions like preventing the same ad from continuously reappearing, ensuring that ads are properly displayed for advertisers, and in some cases selecting advertisements that are based on your interests.

  • These cookies collect information in aggregate form to help us understand how our websites are being used. They allow us to count visits and traffic sources so that we can measure and improve the performance of our sites. If people say no to these cookies, we do not know how many people have visited and we cannot monitor performance.

See also our Cookie policy and Privacy policy.

This article is more than 1 year old

Liberata in £43m buyout by Japanese firm OUTSOURCING Inc

Hurrah! RICH private equity vampires have become RICHER, in BLOCK CAPITALS

OUTSOURCING Inc (OSI) – a Japanese player that does what it says on the tin – has acquired UK public sector BPO specialist Liberata for £43m.

The buyer is has spread its tentacles via more than 70 subsidiaries into outsourcing across multiple industries including engineering, manufacturing, administrative and recruiting.

Charlie Bruin, CEO at Liberata – who will remain in high office at the firm – said it was being subsumed by a group that has “ambitions to grow the company”. Phew! Revolutionary.

In yet more “no shit, Sherlock” claims, he said the process-as-a-service and “technology platform-based BPO markets” are “rapidly growing” and of course his company is “well positioned”.

Liberata sells process automation and can take over departmental functions including customer services, finance and accounting, HR and Payroll, property services, revenues and benefits and schools services.

It sells managed services including Empty Homes reviews, fraud and error reviews, business rate reviews, signed person discount and risk based review services on the government's G Cloud.

This was OSI’s chunkiest acquisition to date, said chairman and CEO Haruhiko Doi, and a big step investment in Blighty. He, like Bruin, said very little that was quotable.

The deal adds to the run of good fortune that private equity vampire – we say vampire, like there’s any other kind – Endless LLP, which picked up Liberata for £20m in 2011. Endless also oversaw the recent sale of Trustmarque to Capita for £58m, again recouping more than twice their initial outlay.

Liberata rescued Trustmarque in 2014 after it encountered serious cash flow woes. ®

Similar topics

TIP US OFF

Send us news


Other stories you might like