Capita has offloaded its resourcing divisions to Inspirit Capital for £21m, as part of its move to divest 'non-core' areas of its business.
Inspirit Capital is investing in Capita Resourcing, HR Solutions, and ThirtyThree to focus its attention on its core divisions: Capita Public Service and Capita Experience.
Post-acquisition, the senior management and employees of all three companies will remain with their respective businesses.
Jon Lewis, Capita’s CEO, said: “The transactions offer significant growth opportunities for the businesses, their clients and colleagues.
“It also marks another significant step towards reducing Capita’s debt, as we continue to simplify and strengthen the organisation, and become a more successful business for the long term.”
The remaining non-core portfolio businesses are anticipated to be sold by the first half of 2023, pending market conditions.
