Capita makes financial services acquisition

Fri, 5 Jun 2009

Capita has acquired the European loan administration, asset management administration and commercial mortgage backed securities administration services of Capmark Financial Group for a cash consideration of approximately £10m on a cash-free, debt-free basis.

Paul Pindar, chief executive of The Capita Group, says: “The acquisition fits naturally within Capita’s financial services administration operations and will provide us with added breadth and depth of expertise.

“There are real synergies between both the services and the customers shared by Capmark Services Europe and Capita and the deal also further demonstrates Capita’s commitment to, and investment in, the financial services industry.”