REG-Capita PLC: Merger of Education Software Solutions and ParentPay

CapitaAnnouncement

17/07/2021 18:40

Capita plc

Merger of Education Software Solutions and ParentPay

This announcement contains inside information

12 July 2021

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.

For more information, please contact:

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
 

About Capita

Capita is a consulting, transformation and digital services business. Every
day our 55,000 colleagues help millions of people, by delivering innovative
solutions to transform and simplify the connections between businesses and
customers, governments and citizens. We partner with clients and provide the
insight and cutting-edge technologies that give time back, allowing them to
focus on what they do best and making people’s lives easier and simpler. We
operate in the UK, Europe, India and South Africa – and across six
divisions: Customer Management; Government Services; People Solutions;
Software; Specialist Services; and Technology Solutions.

Further information can be found at: http://www.capita.com

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