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August 2020
UK & Ireland, > £500m

Liberty advises the management team of Citation on its acquisition by KKR

Liberty Corporate Finance (“Liberty”) advised the management team of The Citation Group, a provider of tech-enabled, subscription-based HR and Employment law, Health & Safety, and ISO services to SMEs, on its acquisition by KKR, a leading global investment firm.

Citation provides tech-enabled compliance and quality related subscription services to over 40,000 SMEs across the UK. Citation helps these SMEs to comply with relevant regulations and ensure certain levels of quality and standards are met, in areas such as Health & Safety, HR/Employment Law,  ISO and industry specific rules and standards by providing a combination of expert advice, software tools and audits/assessments, mostly on a long-term subscription basis.

This is a significant step in The Citation Group’s strategic growth plan, as it looks to strengthen its position as a market leader across the compliance, HR, and health and safety sectors, as well as expanding its offering of quality-related subscription services to SMEs.

KKR’s investment is being made through its European private equity fund, European Fund V, and through its Global Impact Fund.