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
Stuart Morgan
Director of Investor Relations
Tel: 07989 665484
Email: IRteam@capita.co.uk
Media enquiries
Capita external communications
Tel: 0207 654 2399
Email: media@capita.co.uk
Capita notes the statements made yesterday regarding the Civil Service Pension Scheme and the Royal Mail Statutory Pension Scheme.
Read more
Capita today announced the launch of its new Storefront, providing customers with access to the company’s AI, data and digital services via AWS Marketplace Storefront.
Read more
Capita has set out its actions to reduce its environmental impact and progress towards net zero greenhouse gas emissions across its value chain by 2045.
Read more
Capita announces that Entrust Support Services, its joint venture with Staffordshire County Council (SCC), has agreed a further extension of its long standing partnership with the client.
Read more
Share