Endless LLP has backed the secondary MBO of Adare Group in a £60 million transaction which, will, says Adare CEO Robert Whiteside enable the Adare Group to get on to the acquisition trail. Adare posted sales of £170.8 million last year on the back of strong growth in its international operations. It specialises in secure and essential communications as well as global marketing procurement services and has 60 locations in 50 countries and boasts a number of what it terms as ” transformational contracts” with blue chip clients.
Endless also owns Banner Managed Communications parent Office2Office, which it acquired last year in a £19m deal, but has no plans to bring it and Adare together, instead treating them as standalone investments working independently of each other.
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