Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Outsourcing giant plans £700m asset sale

Outsourcing giant plans £700m asset sale

Wed, 14 Mar 2018 | DIVISION SALE

One of the country’s largest outsourcing players, Capita, is planning to sell off nearly £700 million worth of assets, as well as a discounted rights issue for the same sum, in order to stave off spiralling debt.

The move comes as Capita welcomes a new chief executive, Jonathan Lewis, who previously overhauled operations at oil services firm Amec Foster Wheeler. He has previously warned that the outsourcer has underinvested and relied on making acquisitions to fuel its growth.

Capita is in a bad way at present, after a profit warning issued earlier this year saw the group wipe almost half of its market value to £1.1 billion.

Lewis has said his new company needs cash as soon as possible, and is believed to be exploring several options as part of a wider review that could result in six or seven of Capita’s subsidiaries being sold.

In January, it was announced that two non-core companies - Constructionline and ParkingEye - would be sold off. The other businesses could be worth up to £700 million and will be sold off in stage, while a new rights issue could see a total of £1.4 billion of resh capital ranged.

The firm’s outstanding contracts range from customer services for Tesco Mobile to far more lucrative deals for helping the British Army recruit fresh blood.

So far, Lewis says he has been approached by 120 potential bidders interested in making an acquisition.

Apart from the proposed sales, Capita has hired the consultancy McKinsey & Co to work on its strategy and Bain & Co to help drop costs.

Capita’s business leaders have been quick to point out that the firm is not in the same position as beleaguered sector-mates Carillion or Interserve, two companies caught out by the toxic climate for outsourcing firms.


Share this article



Latest Businesses for Sale

Plumbing And Mechanical Services Provider
North West, UK

Offers the full scope of plumbing and mechanical services from domestic homes up to large-scale commercial buildings. Packages provided on a labour-only basis to a full supply and installation basis directly to clients or to other larger mechanical c...

Asking Price: Offers Invited
Turnover: £2,890,000

LEASEHOLD


Residential Care For Children And Young People
North West, UK

Operates several care homes which provide a safe and nurturing environment in which children can grow. Nine homes cater to the needs of children under the age of 18, while the tenth is designed to teach young people the skills required to live indepe...

Asking Price: Offers Invited
Turnover: £3,400,000

LEASEHOLD


Provider Of Surfacing For Both Commercial & Domestic Clients
South East, UK

Established for circa 40 years. Provides a comprehensive range of services for the overall aim of surfacing roads and driveways, including: initial design planning, construction to prepare surfaces for work, drainage, kerbing and laying of asphalt an...

Asking Price: Offers Invited
Turnover: £3,600,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Apr
 

Topshop flagship store up for sale | COMMERCIAL PROPERTY

Topshop's flagship Oxford Street store in London is dra...

 
09
 
Apr
 

Gestamp’s former Washington warehouse hits the market in £6.5m auction | COMMERCIAL PROPERTY

The former Washington base of international car parts manufa...

 
08
 
Apr
 

Decorating contractor targets acquisitions after MBO | MBO/MBI

Scottish commercial decorating contractor Bell Group has com...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
23
 
Mar
 

Mondelez acquires Grenade at 40x multiple | BUSINESS SALE

Mondelez has acquired protein snack bar maker Grenade for &p...

 
10
 
Mar
 

PE firm Sovereign makes £55m investment in wealth manager | BUSINESS SALE

Private equity firm Sovereign Capital Partners has made a &p...

 
08
 
Mar
 

Greensill Capital files for administration, threatening UK steel firms | ADMINISTRATION

Boutique bank Greensill Capital has filed for administration...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.