Sale of Updata Infrastructure Limited to Capita plc

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryTechnology & Media

The BDO Transaction Services team provided Vendor Due Diligence services to LMS Capital in respect of the £80m sale of Updata Infrastructure to Capita plc, the support services company. Updata provides managed network services to local authorities throughout the UK and recently won the £110m Scottish Wide Area Network contract in partnership with Capita.  

The deal strengthens Capita’s IT services offering and enhances Updata’s ability to continue growing its share of the market.   This deal builds on BDO’s considerable experience in TMT, having completed 52 transactions in the sector in the last year and is another great example of our VDD credentials.        

"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