Add-on Acquisition • Business Services

Capita Acquires avocis AG

On February 5, 2015, Capita acquired business services company avocis AG from Equistone for 210M EUR

Acquisition Context
  • This is Capita’s 9th transaction in the Business Services sector.
  • This is Capita’s largest (disclosed) transaction.
  • This is Capita’s 1st transaction in Switzerland.

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M&A Deal Summary

Date February 5, 2015
Target avocis AG
Sector Business Services
Buyer(s) Capita
Sellers(s) Equistone
Deal Type Add-on Acquisition
Deal Value 210M EUR

Target Company

avocis AG

Tagerwilen, Switzerland
avocis offers multilingual services in the areas of technical support, user helpdesks, outbound and inbound services and services for SMEs.
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Buyer Overview 1

Buyer

Capita

London, United Kingdom

Category Company
Founded 1984
Sector Business Services
Employees34,500
Revenue 2.4B GBP (2024)
DESCRIPTION

Capita is a provider of business process services, driven by data, technology, and people. The Company delivers innovative, digitally enabled solutions to transform and simplify the connections between government and citizens, businesses and customers. Capita operates across two divisions – Capita Public Service and Capita Experience – in the UK, Europe, India, and South Africa. Capita was formed in 1984 and is based in London, United Kingdom.


Deal Context for Buyer #
Overall 56 of 61
Sector: Business Services 9 of 10
Type: Add-on Acquisition 52 of 56
Country: Switzerland 1 of 1
Year: 2015 2 of 3
Size (of disclosed) 1 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Atlas

London, United Kingdom

Atlas is a professionally run pension scheme that is authorized and supervised by The Pensions Regulator. Atlas is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 National Dental Plan

London, United Kingdom

National Dental Plan Ltd. is a provider of financial protection benefits and services in the U.S. and U.K.

Sell $50M

Seller Profile 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 126 of 206
Sector: Business Services 17 of 25
Type: Add-on Acquisition 40 of 70
Country: Switzerland 3 of 6
Year: 2015 2 of 13
Size (of disclosed) 25 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 POLO

Juchen, Germany

POLO is a multi-channel retailer of motorcycle clothing, accessories and equipment. The company has a wide range of own-brand products developed by its in-house design and development team. These include the brands FLM and Pharao. POLO also sells well-known third-party brands. POLO was founded in 1980 and is based in Juchen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 stow Group

Spiere-Helkijn, Belgium

stow Group manufacturer of customised racking and storage solutions for warehouses. stow Group is involved in the conception, production and installation of storage systems: racks, warehouse automation and metallic furniture. stow Group was founded in 1985 and is based in Spiere-Helkijn, Belgium

Buy -