Capita plc - Result of Meeting
PR Newswire
Capita gains shareholder approval for the proposed sale of its Education Software Solutions Business
Capita is pleased to announce that the resolution proposed at the general meeting of the Company held at 11:00 a.m. on 14 January 2021 (the
General Meeting ), seeking approval for the proposed sale of its Education Software Solutions business to Tiger UK Bidco Limited, a newly formed company ultimately owned by funds advised by Montagu Private Equity (the
Disposal ), was duly passed by shareholders. Full details of the poll result are set out below.
Resolution
1,308,560,457
518,733
The full text of the resolution is set out in the notice of General Meeting forming part of the circular to shareholders dated 16 December 2020.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Alachua’s Life Sciences Ecosystem Raises Over $1.0 Billion in 2020
January 6, 2021 GMT
ALACHUA, Fla. (BUSINESS WIRE) Jan 6, 2021
UF Innovate | Sid Martin Biotech announces the City of Alachua’s life sciences industry has raised more than $1 billion in 2020. The life sciences community has accelerated growth with government grants and contracts, mergers and acquisitions, successful financing rounds, and sales revenue.
In 2020 alone UF Innovate | Sid Martin Biotech’s resident companies, members and alumni raised over $462,660,054 in outside investment, $282,400,002 in government contracts, and $4,470,107 in grants. In addition, as of the third quarter for calendar year 2020 annual sales for incubator residents, members and alumni is approximately $236,114,506. In 2019 these companies raised over $2.3 billion, which includes Thermo Fisher’s acquisition of Sid Martin alum and Alach
Capita plc - Publication of Circular and Notice of General Meeting
PR Newswire
Publication of Circular and Notice of General Meeting
On 14 December 2020, Capita announced that it had agreed to sell its Education Software Solutions (
ESS ) business to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity (the
Transaction ).
The Transaction constitutes a Class 1 transaction for Capita under the Listing Rules and is conditional on the approval of Capita shareholders at a general meeting of the Company. Completion of the Transaction is expected to occur during the first quarter of 2021.
Capita is pleased to announce that a shareholder circular in relation to the Transaction (the
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Capita sells education platform ESS for up to £400m
PA
14 December 2020, 2:56 pm
Outsourcing giant Capita has agreed to sell its education platform division to private equity house Montagu for up to £400 million.
The company first revealed plans to sell its Education Software Solutions (ESS) arm to reduce its debts but initially struggled to gain a suitable price tag.
But on Monday a deal was struck with Tiger UK, a newly former company advised by Montagu.
The firm’s Sims (School Information Management System) platform is used in 21,000 schools across England, Wales and Northern Ireland.
As part of the deal Montagu will take over debts at the business to the tune of £57 million and pay a further £298 million on completion, expected early in 2021.