MergerLinks Header Logo

Announced

Completed

Advancedadvt completed the acquisition of software businesses of Capita for £33m.

Synopsis

Advancedadvt, an acquisition vehicle, completed the acquisition of software businesses of Capita, a provider of business process services, for £33m. “We are pleased to have agreed the sale of these non-core software businesses to AdvancedAdvT following a competitive sale process. The sale marks another step for our successful disposals programme which has enabled us to significantly strengthen the balance sheet and materially reduce our debt. We continue to target for the majority of the remaining businesses within our non-core Portfolio division to be sold during the first half of 2023, depending on general market conditions,” Jon Lewis, Capita CEO.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US