Montagu Private Equity completed the acquisition of Education Software Solutions business from Capita for c.£400m.

Private equity firm Montagu Private Equity completed the acquisition of Education Software Solutions business, a standalone provider of management information system, from Capita for c.£400m ($547m). “We announced our intention to sell ESS earlier this year, as part of our strategy to simplify and strengthen Capita. The sale will help us simplify by disposing of a standalone business, while the proceeds will help strengthen Capita’s balance sheet, as we build towards a more focused, sustainable business for the long term. At the same time, our colleagues at ESS will benefit from a new owner with the focus and means to support further investment and growth, as the business transitions to its next-generation cloud-native software,” Jon Lewis, Capita Chief Executive Officer.