M&A Deal Summary

Capita Acquires Updata Infrastructure Limited

On April 1, 2014, Capita acquired information technology company Updata Infrastructure Limited from LMS Capital for 80M GBP

Acquisition Highlights
  • This is Capita’s 5th transaction in the Information Technology sector.
  • This is Capita’s 4th largest (disclosed) transaction.
  • This is Capita’s 44th transaction in the United Kingdom.

M&A Deal Summary

Date 2014-04-01
Target Updata Infrastructure Limited
Sector Information Technology
Buyer(s) Capita
Sellers(s) LMS Capital
Deal Type Add-on Acquisition
Deal Value 80M GBP

Target

Updata Infrastructure Limited

Reigate, United Kingdom
Updata provides a range of networking and connectivity services to mainly public sector clients and has a reputation for excellent service combined with an innovative approach to achieving best value for its clients.

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Buyer(S) 1

Buyer

Capita

London, United Kingdom

Category Company
Founded 1984
Sector Business Services
Employees43,000
Revenue 2.8B GBP (2023)
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, England.


DEAL STATS #
Overall 48 of 61
Sector (Information Technology) 5 of 7
Type (Add-on Acquisition) 44 of 56
Country (United Kingdom) 44 of 53
Year (2014) 5 of 11
Size (of disclosed) 4 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-21 Network Technology Solutions

London, United Kingdom

NTS (UK) is the unification of two organisations specialising separately in Systems Integration & Managed Services, culminating in 'best of brand' and 'best of breed' solutions for our customers.As one of the industries few remaining successfully independent providers, NTS (UK) is supported by a passionate & dedicated team who believe in delivering bespoke, robust solutions to fit the individual requirements unique to your business. NTS (UK) focus on aligning policies & solutions with the people and culture of your business as we believe that's critical to our success.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-15 AMT-SYBEX Group

Hertfordshire, United Kingdom

AMT is a proprietary software business providing software and related services in mobile technology and smart data management to the utilities and transport sectors, which are key markets for Capita. Its clients include Bord Gáis, four of the ‘big six’ energy companies operating in the UK, National Grid, Network Rail and Transport for London.

Buy £82M

Seller(S) 1

SELLER
DESCRIPTION

LMS Capital plc is a publicly-traded private equity investment company managed by Gresham House Asset Management (GHAM). The Firm focuses on direct investments in lower middle-market UK-based companies valued less than £50 million. Areas of interest include financial services, information technology, and consumer services. LMS Capital plc is based in London.


DEAL STATS #
Overall 1 of 5
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 3
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-09 Icu Eyewear

Hollister, California, United States

Icu Eyewear is a designer and marketer of reading glasses, sunglasses and specialty eyewear. Icu Eyewear was founded in 1997 and is based in Hollister, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 Bond International Software

Goring-by-Sea, United Kingdom

Bond International Software is a global provider of Staffing and Recruitment software with over 40 years of recruitment industry experience. Headquartered in the United Kingdom, with offices in the United States, Australia, Japan, Singapore, China and Hong Kong, Bond has consistently achieved financial growth and maximised investment in the development of technology, services and support provided to its international client base.

Buy -