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Company News

Capita shares rise after report of private equity interest

Sept 3 (Reuters) - Shares of Capita jumped as much as 14% to the top of London’s mid-cap index on Thursday after a report revealed private equity firm CVC Capital Partners was interested in the British outsourcer.

Capita’s stock, which has tumbled 80% this year, was up 10.4% at 32.34 pence in early trade.

CVC could also be challenged by a rival suitor interested in Capita's education software division, the Daily Mail report said. (dailym.ai/31UIyUO)

Capita, which put the division up for sale earlier this year and whose turnaround plan has been derailed by the COVID-19 pandemic, did not immediately respond to a request for comment on the report. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr)

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