Capita sells software business to MRI Software for £200m
Summary
The transaction, which represents approximately 10 times Capita Ones 2023 EBITDA of £21m, is expected to complete towards the end of August 2024, subject to shareholder approval and regulatory clearance. He added the sale aligns with Capitas strategy to become more focused, prioritising businesses with material future opportunities. The divestment is part of Capitas plan to streamline its operations and reduce debt. Real estate software solutions provider MRI Software said it intends to support Capita Ones growth plans and further develop its product portfolio and customer base. Barclays Bank PLC is acting as the sole financial advisor and sponsor to Capita on this transaction.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Real Estate Software
Property Management Software
SaaS
Linked Companies
MRI Software
$250M to $500M