Capita reports that the sale of Trustmarque to One Equity Partners has been completed on the terms disclosed on January 28 2022 for £118m.
Capita received net proceeds of £118m upon completion of the sale, including an additional £3m in contingent consideration, after accounting for cash-like and debt-like items.
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Following receipt of all relevant permits, the transaction is completed. The gains will be utilised to strengthen the balance sheet and decrease debt after covering transaction fees.
Capita shares gained 3% to 21.5p on Friday following the news of completing the sale to One Equity Partners.