Inspirit Capital is a London-based private equity firm that has led numerous successful carve-out investments across a wide range of industry sectors. They support nearly 2,000 clients, including Capita itself, in addressing the challenges of attracting, hiring and retaining talent. Together, these businesses offer a modular and agile set of human resourcing services that can be deployed according to a client’s need. Further information can be found at: Ĭapita Resourcing Ltd, HR Solutions and ThirtyThree became part of Capita’s non-core Portfolio division in August 2021. Capita is quoted on the London Stock Exchange (CPI.L). We operate across three divisions – Capita Public Service, Capita Experience and Capita Portfolio – in the UK, Europe, India and South Africa. We partner with our clients and provide the insight and technologies that give time back, allowing them to focus on what they do best and making people’s lives easier and simpler. Every day our 50,000 colleagues help millions of people, by delivering innovative, digitally enabled solutions to transform and simplify the connections between government and citizens, businesses and customers. We are a purpose-led, responsible organisation. We remain focused on selling the majority of the remaining non-core Portfolio businesses throughout the first half of 2023 depending on general market conditions.”Ĭapita is being advised on the transaction by Rothschild & Co.Ĭapita is a leading provider of business process services, driven by data, technology and people. “It also marks another significant step towards reducing Capita’s debt, as we continue to simplify and strengthen the organisation, and become a more successful business for the long term. The transactions offer significant growth opportunities for the businesses, their clients and colleagues. Jon Lewis, Capita’s Chief Executive Officer, said: “We are pleased to have agreed the sale of our resourcing services businesses to Inspirit Capital, following a competitive sale process. The agreement to sell these resourcing businesses follows the recent disposal of our Pa圓60 payments processing business, two real estate and infrastructure consultancy businesses, as well as Optima Legal, and Capita Translation and Interpreting. The sale to Inspirit Capital is subject to National Security and Investment Act approval.Ĭapita previously announced its intention to sell a number of non-core businesses to strengthen the balance sheet and focus on its two core divisions, Capita Public Service and Capita Experience. The reported revenue and profit before tax of the combined businesses for the year to 31 December 2022 were £78m and £10m respectively and gross assets were £35m at 31 December 2022.
The senior management teams and employees will remain with their businesses as they transfer to the ownership of Inspirit Capital. These businesses are some of the UK’s leading providers of human capital resourcing services to both the public and private sectors.
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Capita plc (‘Capita’) today announces that it has agreed to sell its resourcing businesses Capita Resourcing, HR Solutions and ThirtyThree to Inspirit Capital, for £21m on a cash free, debt free basis.Ĭapita expects to receive cash proceeds of £17m – which includes a deferred payment of c.£7m receivable by Capita on 30 November 2023.
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