Capita confirms in talks with Montagu on education unit sale
British outsourcing group Capita on Friday said it was in exclusive talks with private equity firm Montagu over the potential sale of its Education Software Solutions unit.
The London-listed company in June put the division up for sale to secure at least £500m. ESS's SIMS platform is used by 21,000 schools in England, Wales and Northern Ireland
Reports last month stated rival private equity house CVC Capital Partners was exploring a possible bid.
“There can be no certainty that a sale will be concluded nor any certainty over the terms of any such sale,” Capita said.