London—Dentons has advised Capita plc on the sale of Trustmarque to One Equity Partners for £111 million on a cash free, debt free basis. Trustmarque provides IT services and solutions, including software and hardware re-sale, and is a top-tier partner for global technology vendors. The sale is subject to certain consents.

Capita previously announced its intention to sell a number of non-core businesses, including Trustmarque, to strengthen the balance sheet and focus on its two core divisions, Capita Public Service and Capita Experience.

Dan Hart, Director of Transactions – Capita Portfolio commented, “It was a pleasure working with Dentons on this significant deal. We are grateful to the entire team at Dentons for their technical expertise, professionalism and dedication throughout this process."

Neil Nicholson, head of UK Corporate at Dentons said, "It has been a real privilege to support the Capita team to help achieve its targets."

The Dentons team advising Capita plc was led by Neil Nicholson and Technology partner Sarah Lima, with support from Corporate senior associate Joseph Collingwood, TMT associate Tom Winstanley, Corporate associate Arjun Mehta, Corporate trainee Katie Henson, Competition partner Adrian Magnus, Competition associate Megan Penny, Tax partner Alex Thomas and Tax counsel Alastair MacLeod.

About Dentons

Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you. www.dentons.com