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Capita plc (‘Capita’) today announces that it has agreed to sell PageOne to Erisbeg.
PageOne is a leading provider of critical alerting and mobile messaging services enabling thousands of organisations across the public and private sectors to communicate more effectively with their workforce and clients.
Erisbeg is an Irish private equity company which is focused on acquiring and developing established businesses, investing in them and supporting them to grow and succeed.
The sale to Erisbeg is subject to National Security and Investment Act approval.
The PageOne senior management team and employees will remain with their business as it transfers to the ownership of Erisbeg.
Capita 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 agreement to sell PageOne follows the agreement to sell our resourcing and Security Watchdog businesses, and the disposal of the Pay360 payments processing business, two real estate and infrastructure consultancy businesses, as well as Optima Legal, and Capita Translation and Interpreting.
Jon Lewis, Capita’s Chief Executive Officer, said: “We are pleased to have agreed the sale of our PageOne business to Erisbeg following a competitive sale process.
“The sale marks another step for our successful disposals programme which has enabled us to significantly strengthen the balance sheet and materially reduce our debt.
“We are targeting for the majority of the remaining businesses within our non-core Portfolio division to be sold during the first half of 2023, depending on general market conditions.”
For more information, please contact:
Director of Investor Relations
Capita external communications
Tel: 0207 654 2399
Capita is a leading provider of business process services, driven by data, technology and people. We are a purpose-led, responsible organisation. 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 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. We operate across three divisions – Capita Public Service, Capita Experience and Capita Portfolio – in the UK, Europe, India and South Africa. Capita is quoted on the London Stock Exchange (CPI.L). Further information can be found at: http://www.capita.com