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Capita PLC
M&A Activity • Apr 1, 2022
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M&A Activity
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National Storage Mechanism | Additional information
Capita plc - Completion of the sale of Trustmarque
PR Newswire
London, March 31
Completion of the sale of Trustmarque
1 April 2022
Capita plc (“Capita”) announces that it has completed the sale of its Trustmarque business to One Equity Partners on the terms as announced on 28 January 2022.
Taking into account cash-like and debt-like items, Capita received net proceeds of £118m at completion which included an additional £3m of contingent consideration.
The completion of the transaction follows receipt of the necessary consents. The proceeds, net of transaction costs, will be used to strengthen the balance sheet and reduce debt.
For more information please contact:
Capita investor enquiries
Stuart Morgan
Director of Investor Relations
Tel: 07989 665484
Email: [email protected]
Capita media enquiries
Capita external communications
Tel: 0207 654 2399
Email: [email protected]
