MergerLinks Header Logo

Announced

MRI-backed Orchard to acquire Capita One from Capita for £200m.

Synopsis

MRI Software-backed Orchard Information Systems, a software house that produces state of the art solutions for organisations involved in public service, agreed to acquire Capita One, a standalone software business, from Capita, a business process outsourcing and professional services company, for £200m ($256m). "As I outlined recently at our Capital Markets Event, Capita’s strategy is to become a more focused company, prioritising businesses where we can deliver material opportunities in the future, with greater simplification and cost reduction. Capita One is a high-quality business that has performed exceptionally well. Under its new owner, it is well positioned to benefit from investment in its strategic growth," Adolfo Hernandez, Capita CEO.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US