STRATA ADVISES THE CAPITA GROUP PLC (LSE:CPI)
Strata advises The Capita Group Plc (LSE:CPI) on the successful £77.7 million recommended cash offer for IBS OPENSystems Plc.
Strata Partners advises Capita (LSE: CPI), the leading provider of business process outsourcing and professional support services on the successful £77.7 million recommended cash offer for IBS OPENSystems Plc (AIM: OPN). Capita, a FTSE 100 company, is quoted on the London Stock Exchange with a market capitalisation of approximately £4.0 billion.
Commenting on the offer, Paul Pindar, Chief Executive of Capita, said: “IBS`s customer base and range of products and services add to our existing offerings for local authorities and housing associations. This acquisition will give us greater breadth and depth of expertise with which to assist existing clients and attract new ones. In addition, we believe that our established strength in the UK outsourcing market will add further credibility and scale to IBS, allowing it to service a wider range of potential customers and projects.”
Commenting on Strata`s advisory services, Paul Pindar added: “Strata`s highly professional and commercial approach delivered Capita a great result.”