I dissagre with Bloomberg-Capita evaluating whether to accept a lower bid or keep the ESS asset17 Oct 2020 16:35
Bertles and anyone who is posting nonsense chit chat about the future sale of Capita ESS and or a takeover from Serco.
You'll be better to re-read the 3-part information that I posted on the 1st october where it said that by the end of the
month meaning more like the end of October. I'll re-quote from part-1 of my 3-part post as published on the 30th September 2020 by the Education Investor. Multiple sources confirmed that TPG Capital, the US-based buyout house that had tabled a first-round bid alongside Bain Capital and Montagu Private Equity, has dropped out of the race to acquire Capita ESS.Sources said that Bain Capital and Montagu Private Equity have both been admitted into the second round of bidding for Capita ESS, whose SIMS platform is used by 80% of UK state schools. So has Francisco Partners, another American private equity firm, which would look to acquire Capita ESS through its portfolio company Renaissance Learning, a cloud-based assessment, teaching and learning solutions provider to over a third of US schools. But none of the suitors has so far shown willingness to pay at least £500 million for Capita ESS, two sources said, whose parent’s market capitalisation, at present, is only £497 million. It is “not very normal”, said an experienced deal-maker, for a carved-out company to be valued in excess of its owner.
Bloomberg revealed what we knew already and the MM's have taken advantage to shake the weak pi that will help them
make some real great profits. The reality is that Capita is still winning huge contracts as I've already posted today. Please guys stop doing your head in and going around in circles wondering what will happen to Capita. We know that their PR is rubbish as their RNS
15th October 20 https://www.bnnbloomberg.ca/capita-receives-lower-than-expected-bids-for-school-tech-unit-1.1508594
(Bloomberg, Canada) -- Capita Plc, the British outsourcing group, received lower-than-expected final offers for its school technology business, people with knowledge of the matter said. The London-listed company is now evaluating whether to accept a lower bid or keep the Education Software Solutions division, according to the people, who asked not to be identified because the information is private. The sale had initially been expected to fetch about 500 million pounds ($646 million) to 700 million pounds, more than the company’s market value, the people said. Private equity firms Bain Capital and TPG, which had earlier been pursuing the unit, dropped out of the process and didn’t submit binding bids by this week’s deadline, the people said. Shares of Capita were down 4.3% at 12:41 p.m. in London, giving the firm a market capitalization of about 446 million pounds and putting it on track to close at the lowest level since April. Capita may explore asset sales if it decides to keep the school software business, one of the people said. Representatives for Bain, Capita and TPG declined to comment. Not behind Paywall. NoFear
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