Advised Capita on the sale of its mortgage servicing business assets to Topaz Finance, a subsidiary of Computershare
2025
Transaction Summary
Strata Partners is delighted to announce that it acted as exclusive corporate finance adviser to Capita plc (“Capita”) on the sale of its mortgage servicing business assets to Topaz Finance, a subsidiary of Computershare.
The sale of the WMSL mortgage servicing business assets follows an evaluation that identified activities that are not core to Capita’s future strategy and are being ‘managed for value’. Capita’s strategy to manage for value focuses on improving the financial performance of the Group by prioritising margin improvement, cash generation and revenue growth. As the WMSL mortgage servicing business was a non-core loss-making business in 2023 (2023 revenue £5.8m), it was decided to seek a buyer that is better able to develop the business, helping it reach its full potential.
The WMSL mortgage servicing activity is a complete outsourced mortgage administration service to providers of residential and buy-to-let mortgages, regulated by the UK Financial Conduct Authority. The business currently provides post-completion mortgage servicing and arrears management for several Special Purpose Vehicle (SPV) books.