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Link Group £888 million acquisition of Capita Asset Services

23/6/2017
Private acquisition
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£ 888 million

$ 1.146 billion

Announced

23/6/2017

Overview:

  • Link Group, through Link Administration Holdings, has acquired Capita Asset Services for £888 million.
  • The target is the asset management arm of outsourcing company Capita.
  • Link is an Australian financial services firm.
  • The deal is thought to be driven by Capita's attempts to reduce debt, with its business hit by the UK's decision to exit the European Union.

Sam Duke - Editor

Jurisdictions:

Australia
United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Industry sectors:

Financial services
Investment management

Firms:
A&O Shearman

Party: Link Group (Acquirer)

DLA Piper

Party: Link Group (Acquirer)

Lawyers: Grant Koch, Jon Hayes

Eversheds Sutherland

Party: Capita Asset Services (Target)

Lawyers: Chris Halliday, Jon Cox-Brown, Nigel Cooke

Macfarlanes

Party: Capita Asset Services (Target)

Lawyer: Stephen Drewitt

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