Inspirit Capital agreed to acquire Capita Resourcing, HR Solutions and ThirtyThree from Capita plc (LSE:CPI) for £21 million on March 6, 2023. Capita expects to receive cash proceeds of £17 million which includes a deferred payment of £7 million receivable by Capita on November 30, 2023. The senior management teams and employees will remain with their businesses as they transfer to the ownership of Inspirit Capital. The acquisition is subject to National Security and Investment Act approval. As of December 31, 2022, Capita Resourcing, HR Solutions and ThirtyThree reported revenue of £78 million and gross assets of £35 million. The acquisition is subject to National Security and Investment Act approval. N M Rothschild & Sons Limited acted as financial advisor to Capita plc. Patrick Ford and Jane Briggs of Squire Patton Boggs (UK) LLP acted as legal advisor to Inspirit Capital. Nick Bryans, James Thompson, Alistair Craig, Sue McLean, Jonathan Sharp, Jonathan Tuck and Jeremy Edwards of Baker & McKenzie LLP acted as legal advisor to Capita plc. (LSE:CPI).

Inspirit Capital completed the acquisition of Capita Resourcing, HR Solutions and ThirtyThree from Capita plc (LSE:CPI) on May 31, 2023.