Our Corporate and Banking & Finance teams advise Endless LLP on its successful exit from evo

The refinancing was arranged through evo’s existing lending syndicate, comprising Leumi ABL and Close Invoice Finance Limited. This new funding will enable Andrew Gale, evo’s Chief Executive, to lead the management buyout, securing a smooth transition of ownership and providing an excellent exit opportunity for Endless’ managed funds, which have been a longstanding partner of the evo Group.

Under Endless’ ownership, evo has seen remarkable expansion, growing into a diversified group of six brands with a workforce of 2,000 employees and generating over £500 million in sales.

Endless initially acquired Vasanta in 2009, and has since been instrumental in expanding evo’s footprint, supporting the acquisitions of Office2Office in 2014, Premier Vanguard in 2019, and Complete Business Solutions in 2023. In 2024, evo also added the 5Star brand to further strengthen its product offering and market reach.

Our team was led by Debbie Jackson (Corporate Partner and Head of Private Equity) with support from Tom Parkes (Corporate) and Laura Lister, Ricky Walker and Rachel Flather (Banking & Finance). They provided Endless with legal advice throughout the transaction, and their specialist knowledge and expertise in the private equity sector were instrumental in ensuring a successful exit for Endless.

David Isaacs, Endless director, said: “It has been a privilege to work with Walker Morris throughout this process. Their support has played a crucial role in structuring a successful exit for Endless.

“With Andrew’s strong leadership at the helm, we are confident that evo will continue on its positive trajectory, creating further opportunities for growth and investment. We are grateful for Walker Morris’ unwavering support and wish evo’s management team all the best for the future.”

Debbie Jackson added: “Endless has been instrumental in supporting evo’s growth over the years and we’re pleased to have assisted them in navigating this successful exit. The £93 million refinancing package will provide a strong foundation for evo’s management buyout and we’re confident that evo will continue to thrive under its new ownership.”

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