Announced
Completed
Financials
Tags
Private Equity
Acquisition
Education Services
Friendly
Single Bidder
Private
education software
Majority
United Kingdom
Domestic
Disposal
Completed
Synopsis
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.
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