Capita plc has agreed to sell its standalone software business via the sale of Capita One Limited by Capita Business Services Ltd to Orchard Information Systems Limited, a wholly-owned subsidiary of the MRI Software LLC
All posts tagged Capita Plc
Capita Plc agrees to sell stake in Fera Science to Bridgepoint for £60 million
LONDON, UK: Capita plc has agreed to sell its 75% stake in Fera Science Limited to Bridgepoint Group plc, for an enterprise value of £60m on a cash-free, debt-free basis. The deal values the total joint venture at £80m and represents a 10.8x multiple on a 2022 standalone EBITDA of £7.4m. The sale of Capita’s…
Capita Plc agrees to sell software businesses to AdvancedAdvT
LONDON, UK: Capita plc confirms that it has agreed to sell software businesses CIBS, CHKS, Retain, WFM and Synaptic to AdvancedAdvT Limited for an enterprise value of £33 million on a cash-free, debt-free basis. Including cash and debt-like items and typical working capital adjustments, Capita expects to receive cash proceeds of c£44m on completion, including…
Capita plc sells Trustmarque to One Equity Partners for £111 million
LONDON, UK: Capita plc has agreed to sell Trustmarque to One Equity Partners for £111m on a cash free, debt free basis. Taking into account cash-like and debt-like items, Capita expects to receive net proceeds of c.£115m at completion. An additional c.£3m is receivable by Capita contingent on certain future events. Trustmarque provides IT services…
Capita Plc sells speciality insurance businesses to Macro Capital
LONDON, UK: Capita plc has agreed to sell its speciality insurance businesses to Marco Capital Holdings (UK) Limited for an undisclosed sum. The sale comprises two businesses: Capita Commercial Insurance Services Limited (CCIS); and Capita Managing Agency Limited (CMA). CCIS provides outsourced business processes for the insurance industry across areas including underwriting support, claims and…
Capita Plc to sell Secure Solutions and Services business for £62mn
LONDON, UK: Capita plc has agreed to sell its Secure Solutions and Services (SSS) business to NEC Software Solutions UK Limited for a consideration expected to be £62 million, on a cash free debt free basis, a bourse filing said. SSS is a provider of software solutions and managed services to the emergency services and…
Capita signs £528m contract extension with major European telecoms provider
LONDON, UK: Capita plc has been awarded a customer management contract extension with a major European telecoms provider. Building on the current framework contract, the extension now has a minimum volume base and is worth up to £528m in total to the order book including a four-year contract extension beginning January 2023, a pre-priced option…
Capita Plc signs £58m contract renewal with Tesco Mobile
LONDON, UK: Capita plc has been awarded a customer management contract renewal with Tesco Mobile. Building on the existing highly successful five-year partnership in which Tesco Mobile has been recognised for its market-leading service, the contract renewal is worth £57.6m over three years, starting in September 2021. The contract renewal offers further opportunities for improvements…
Capita plc agrees to sell Education Software Solutions for $400 million
LONDON: Capita plc has agreed to sell its Education Software Solutions (ESS business) to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity, in a deal that values ESS at up to £400 million. Part of the consideration agreed is for Montagu to assume liabilities such as working…
Capita plc
Capita plc (LSE: CPI), commonly known as Capita, is an international business process outsourcing and professional services company headquartered in London. It is the largest business process outsourcing and professional services company in the UK, with an overall market share of 29% in 2016, and has clients in central government, local government and the private…
Capita signs customer service contract with Irish Water
LONDON: Capita plc has been awarded a contract by Irish Water for the transformation and operation of its customer contact centre services. The contract was won following a public competitive tender process and is worth €10m a year, over five years. Irish Water will then have the option to extend the contract for a further…