Endless eyes £400m fundraise


leedsUK turnaround investor Endless is reportedly preparing to launch a new fund with a £400m target.

The firm is currently in talks with existing LPs about the planned fund launch, said the Financial News. New investors are trying to set up meetings with the firm to participate in the fund, said one of the sources.

The reported target is almost double the size of Endless’ previous vehicle, which was closed with commitments of £220m after only ten weeks on the road in 2011.

The Leeds-headquartered firm’s recent deals include the acquisition of business supply and outsourced business services company office2office for £19m.

This represented a premium of more than 84 per cent to o2o’s closing price on August 20.

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