Capita 'close' to selling recruitment arm

Capita is in advanced talks about the sale of its recruitment division.

Earlier this year, the business process outsourcing provider announced it was streamlining after a “disappointing” performance in 2016.

Sky News reported yesterday that Capita has entered exclusive negotiations to sell Capita Specialist Recruitment to Endless, a specialist turnaround investor.

Sky adds that talks are understood to value Capita Specialist Recruitment at around £25m, according to those close to the sale process, handled by professional services firm BDO.

Sky further claims an announcement about the sale to Endless is likely in the coming weeks. Recruiter contacted both Capita and Endless for comment.

Capita said they would not be commenting, while Endless had not responded as of this morning.

• Want to comment on this story? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

FINANCIALS: UK contributes to rise in revenue and GP at Hudson Global

Global talent solutions company Hudson Global has recorded a rise in revenue and gross profit for the second quarter to 30 June 2019.

Financials 15 August 2019

CONTRACTS & DEALS: 12-16 AUGUST 2019

This week’s contracts and deals include: Airswift, BlueSky PR, C&D Group, Johnson Underwood, Skipton Business Finance, Sterling EMEA, Woodrow Mercer

Contracts 14 August 2019

APPOINTMENTS: 12-16 AUGUST 2019

This week’s appointments include: BCL Legal, Cielo, Eames Consulting Group, Essex Partnership University NHS Foundation Trust, Europa Worldwide Group, Harrier Talent Solutions, Head Resourcing, Heidrick & Struggles, Hunter Heywood, Hyperion Executive Search, Job.com, Russell Taylor Group, SmashFly Technologies, Stanton House

People 12 August 2019

FINANCIALS: Kelly Services posts slight fall in revenue

Recruitment giant Kelly Services has posted a marginal decrease in revenue year-on-year, according to Q2 2019 results.

Financials 8 August 2019
Top