Christie Group PLC Team Advises on Liberation Group Acquisition
July 08 2016 - 2:00AM
RNS Non-Regulatory
TIDMCTG
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 GBP118m, 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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