CPI Capita Plc

 
TIDMCPI 
 
18 January 2024 
 
Completion of the sale of stake in Fera 
 
Capita plc ("Capita") today announces that on 17 January 2024 it completed the 
sale of its stake in Fera Science Limited (`Fera') to a fund managed by 
Bridgepoint Development Capital (`Bridgepoint'), on the terms announced on 4 
December 2023. 
 
The sale of Capita's 75% interest in Fera, a joint venture with theDepartmentfor 
Environment,Food & Rural Affairs(Defra), resulted in Capita receiving cash 
proceeds of £62m upon completion. These cash proceeds include cash and debt-like 
items and working capital adjustments. 
 
The transaction has completed following consent from the superior landlord for 
changes being made to the title of the property from which Fera 
operates.National Security and Investment Act clearance for the transaction was 
granted on 9 November 2023. As part of the transaction, Defra is retaining its 
shareholding. 
 
The proceeds, net of transaction costs, will provide additional liquidity to 
further strengthen Capita's balance sheet and support investment across the 
Group. 
 
The sale of Fera marks the successful end of non-core disposals from Capita's 
Portfolio division as part of a strategy to simplify and strengthen the business 
around two core markets. 
 
For more information, please contact: 
 
Investor enquiries 
 
Helen Parris Stephanie Little 
 
Director of Investor Relations Deputy Head of Investor Relations 
 
Tel: 07720 169269 Tel: 07541 622838 
 
Email: IRteam@capita.co.uk Email: IRteam@capita.co.uk 
 
Media enquiries 
Capita external communications 
Tel: 0207 654 2399 
Email: media@capita.co.uk 
 
About Capita plc 
 
Capita is a leading provider of business process services, driven by data, 
technology and people. Every day our 43,000 colleagues help millions of people, 
by delivering innovative, digitally enabled solutions to transform and simplify 
the connections between government and citizens, businesses and customers. We 
partner with our clients and provide the insight and technologies that give time 
back, allowing them to focus on what they do best and making people's lives 
easier and simpler. We operate across two divisions - Capita Public Service and 
Capita Experience - in the UK, Europe, India and South Africa. 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

January 18, 2024 02:00 ET (07:00 GMT)

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