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

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.