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Founder heads Libertas management buy-out

THE corporate finance division of small to mid cap financial services group Libertas Capital has been rescued out of administration by a management buy-out team led by the firm&rsquo;s founder Jakob Kinde.<br /><br />The buy-out team is thought to have offered just over &pound;1m for the division, including a down payment and a pledge to return a proportion of recovered debts.<br /><br />Libertas ran into financial problems last year and delisted from Aim in March. It eventually fell into administration in May.<br /><br />The new entity has been renamed Libertas Partners, and will be run by a board comprising Kinde, chief executive Tim Murray and Gerard Mizrahi, the chief executive of Charles Street Securities, which is in charge of re-financing the operation.<br /><br />Libertas Partners plans to rebuild its securities business, focusing on the real estate, natural resources, technology and emerging markets sectors.