M&A Deal Summary

PeopleCert Acquires AXELOS

On June 21, 2021, PeopleCert acquired business services company AXELOS from Capita for 380M GBP

Acquisition Highlights
  • This is PeopleCert’s 1st transaction in the Business Services sector.
  • This is PeopleCert’s largest (disclosed) transaction.
  • This is PeopleCert’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-21
Target AXELOS
Sector Business Services
Buyer(s) PeopleCert
Sellers(s) Capita
Deal Type Divestiture
Deal Value 380M GBP
Advisor(s) Barclays Investment Bank (Financial)

Target

AXELOS

London, United Kingdom
AXELOS is a joint venture between Capita (51%) and Cabinet Office (49%), responsible for developing, enhancing, and promoting a number of best practice methodologies used by professionals working primarily in projects, programs, and portfolio management, and IT and digitally-enabled services. The methodologies, including ITIL, PRINCE2, and MSP are adopted by private, public, and voluntary sectors in more than 180 countries to improve employees’ skills, knowledge, and competence in order to make both individuals and organizations work more effectively. AXELOS was founded in 2014 and is based in London.

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Buyer(S) 1

Buyer

PeopleCert

Athens, Greece

Category Company
Founded 2000
Sector Business Services
DESCRIPTION

PeopleCert is a global company that assesses and provides certification of professional skills, partnering with multi-national organizations and government bodies. PeopleCert develops and delivers market-leading exams across 200 countries every year in 25 languages, through a network of 2,500 centers and 30,000 venues worldwide. PeopleCert was founded in 2000 and is based in Athens, Greece.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 10 of 20
Sector (Business Services) 3 of 5
Type (Divestiture) 9 of 19
Country (United Kingdom) 9 of 19
Year (2021) 1 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Education Software Solutions

London, United Kingdom

Education Software Solutions is a standalone provider of management information systems (MIS) and related software for the education sector. Education Software Solutions is based in London, United Kingdom.

Sell £400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Capita Insurance Services

London, United Kingdom

Capita Insurance Services is a large-scale insurance specialist, providing outsourced business process services across areas including underwriting support, claims, and client finance. Capita Insurance Services is based in London, United Kingdom.

Sell -