Acquisition of Updata by Capita

Deal typeTransaction Services
IndustryTechnology & Media

The BDO Transaction Services team provided Vendor Due Diligence services to LMS Capital in the sale of Updata Infrastructure to Capita plc, the support services company.   

Updata provides managed network services to local authorities throughout the UK.

"Having chosen BDO to complete our financial due diligence, we were very happy with the resulting output, particularly in light of the constantly changing commercial landscape which saw huge swings in key metrics, which made their work pretty challenging. The BDO team supported us well and their pragmatic and commercial approach enabled the management team to continue to concentrate on running the business, which no doubt contributed to the successful outcome".            

Richard Bennett, Updata Infrastructure Managing Director