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

CONTRACTS & DEALS: 15-19 OCTOBER 2018

This week’s contracts and deals include: Affinity Workforce, Applied, ClearStar, CRG, Job.com, LA International, Resource Solutions, SmartRecruiters, Workday

Contracts 16 October 2018

APPOINTMENTS: 8-12 OCTOBER 2018

This week’s appointments include: Adecco, BWD, Capita, Eames Consulting Group, Euro London Appointments, Monster, Next Ventures, Oyster Partnership, Simply Jobs Boards, Staffline, TeamJobs, Westray Recruitment

People 8 October 2018

CONTRACTS & DEALS: 8-12 OCTOBER 2018

This week’s contracts and deals include: Adepto, Capita, McGinley CEP, Orion Electrotech, Signium, SmartRecruiters, Suits Me, TechnoPro Holdings, totaljobs

Contracts 8 October 2018

FINANCIALS: Impellam update predicts drop in earnings

Impellam expects earnings for the 2018 financial year to be lower than last year.

Financials 27 September 2018
Top