The Competition and Markets Authority (‘CMA’) has today approved the merger of Education Software Solutions (‘ESS’) with ParentPay (Holdings) Limited (‘ParentPay’).
ESS was acquired by Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity (‘Montagu’) from Capita plc (Capita) on 2 February 2021, with the intention of merging the business with ParentPay once the CMA had given its approval.
As previously announced, as a result of this approval Montagu will pay Capita deferred consideration of £45m. Capita expects to receive this payment on or before 26 July 2021.
Investor enquiries
Email: IRteam@capita.co.uk
Media enquiries
Email: media@capita.co.uk
Capita’s Fire Service College A380-style facility gives airport firefighters realistic practice in smoke-filled searches and major aviation rescue operations
Read more
Capita announces it’s postponing its 4 November 2026 Capital Market Event, as the Group maintains its focus on improving CSPS service delivery.
Read more
Capita and Trustmarque Ultima have signed a three-year strategic partnership to provide a broader range of technology, AI, cloud and cybersecurity services.
Read more
Share