Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Capita plc
  6. News
  7. Summary
    CPI   GB00B23K0M20

CAPITA PLC

(CPI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Capita Sells 51% Stake in AXELOS JV for Net Cash of GBP183.6 Million

06/21/2021 | 12:37am EDT

By Joe Hoppe

Capita PLC said Monday that it has sold its 51% stake in its AXELOS Ltd. joint venture to PeopleCert International Ltd. for a net cash receipt of 183.6 million pounds ($253.4 million).

The London-listed outsourcer said that the deal, which values the joint venture with the U.K. government's Cabinet Office at GBP380 million, will see it receive net cash proceeds of GBP172.5 million on completion, along with a cash dividend of GBP11.1 million.

The company said that the transaction is conditional on shareholder approval, consents and waivers from creditors and clearance by the Cyprus Commission for the Protection of Competition, all expected by July.

The disposal will provide additional liquidity to strengthen Capita's balance sheet, meet upcoming debt maturities and support the continued implementation of its transformation plan, the company said.

In 2020, AXELOS reported gross assets of GBP115.7 million and pretax profit of GBP24.3 million.

Capita said it continues to make good progress with planned disposals and is on track to realize combined proceeds of at least GBP200 million this year.

Barclays Bank PLC is acting as sole financial advisor to AXELOS, and Goldman Sachs International is sponsor to Capita.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

06-21-21 0237ET

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -0.98% 174.5 Delayed Quote.18.97%
CAPITA PLC -4.60% 35.27 Delayed Quote.-10.05%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
THE GOLDMAN SACHS GROUP, INC. -0.71% 374.88 Delayed Quote.42.16%
All news about CAPITA PLC
07/30CAPITA : signs contract with HMRC to provide contact centre analytics
PU
07/30CAPITA : Quarterly newsletter from Capita - Q2
PU
07/30Peoplecert International Limited comleted the acquisition of AXELOS Limited. ..
CI
07/29CAPITA : Dummy News page
PU
07/20CAPITA : joins forces with Filtered to scale content intelligence and smart skil..
PU
07/15CAPITA : Shareholders OK $254 Million Sale of Majority AXELOS Stake
MT
07/12CAPITA : Merger of Education Software Solutions and ParentPay
PU
07/08CAPITA : Pay360 announces partnership with legal technology firm LFS to digitali..
PU
07/08CAPITA : signs contract with Virgin Money to deliver a best-in-class mortgage ex..
PU
06/28CAPITA : secures £27m contract extension with Central London Community Healthcar..
PU
More news
Financials
Sales 2021 3 239 M 4 504 M 4 504 M
Net income 2021 76,9 M 107 M 107 M
Net Debt 2021 1 017 M 1 414 M 1 414 M
P/E ratio 2021 7,59x
Yield 2021 0,20%
Capitalization 587 M 816 M 816 M
EV / Sales 2021 0,50x
EV / Sales 2022 0,46x
Nbr of Employees 55 000
Free-Float 97,9%
Chart CAPITA PLC
Duration : Period :
Capita plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CAPITA PLC
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 35,27 GBX
Average target price 48,50 GBX
Spread / Average Target 37,5%
EPS Revisions
Managers and Directors
Jonathan Lewis Chief Executive Officer & Executive Director
Timothy Peter Weller Chief Financial Officer & Executive Director
Ian Powell Non-Executive Chairman
John Harold Cresswell Independent Non-Executive Director
Matthew John Lester Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CAPITA PLC-10.05%816
CINTAS CORPORATION11.52%40 588
TELEPERFORMANCE SE31.07%24 776
BUREAU VERITAS SA27.94%14 918
EDENRED SE5.54%14 475
LG CORP.-1.86%13 055