Team Advises on Liberation Group Acquisition

RNS Number : 5804D

Christie Group PLC

08 July 2016

 

8 July 2016

Christie Group plc

("Christie Group" or the "Group")

Christie & Co valuations team advises on Liberation Group acquisition

Christie Group plc ('Christie' or the 'Group'), the leading provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announced that Christie & Co, its specialist provider of agency and advisory services, has welcomed the news of the  acquisition of Liberation Group by Caledonia Investments. The deal, which was agreed between Caledonia and Liberation's owners LGV for £118m, was supported by valuations services provided by Christie & Co.

Liberation, founded in 2008 through a management buy-in led by Mark Crowther and equity backed by LGV, owns and operates a fully integrated pub and drinks business located in the Channel Islands and the West Country in the UK. Its business comprises 94 managed and tenanted pubs, two award-winning breweries and three wholesale businesses.

Christie & Co has a long history of working with Liberation, being retained to provide professional services to the group since it was purchased by LGV in 2008.

Stephen Owens, Head of Valuation - Pubs & Restaurants at Christie & Co commented, "We are delighted to hear that Caledonia Investments has acquired the Liberation Group. We have a long association with the group, and are proud to have supported them on numerous projects over the years, and throughout this sale. We look forward to working with Caledonia to support Liberation's licensed business in the future."

Enquiries:

Christie Group plc
David Rugg	020 7227 0707
Chief Executive
Dan Prickett	020 7227 0700
Chief Financial Officer
Panmure Gordon (UK) Limited
Dominic Morley / Charles Leigh-Pemberton Nominated Adviser and Broker	020 7886 2906

Notes to Editors:

Christie Group plc, quoted on AIM, is a leading professional business services group with 46 offices across the UK, Europe and Canada, catering to its specialist markets in the leisure, retail and care sectors.

Christie Group operates in two complementary business divisions: Professional Business Services (PBS) and Stock & Inventory Systems & Services (SISS). These divisions trade under the brand names: PBS - Christie + Co, Pinders, Christie Finance and Christie Insurance: SISS - Orridge, Venners and Vennersys.

Tracing its origins back to 1846, the Group has a long established reputation for offering essential services to client companies in agency, valuation services, investment, consultancy, project management, multi-functional trading systems and online ticketing services, stock audit and inventory management. The diversity of these services provides a natural balance to the Group's core agency business.

For more information, please go to www.christiegroup.com.

 

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