Capita has sold IT services and solutions provider Trustmarque to One Equity Partners for £111m to strengthen its balance sheet and focus on its two core divisions.
Capita has previously announced its plan to sell a number of non-core businesses, and has recently sold AMT Sybex and Secure Solutions and Services.
The proceeds from this deal will take Capita to its target figure of £700m in total disposal proceeds by June 2022.
CEO Jon Lewis said: “This marks another significant step towards materially reducing our debt, as we continue to simplify and strengthen Capita, and become a more successful business for the long term.
“We are now focused on selling the remaining businesses in our Portfolio division, with the goal of disposing of the majority by the end of 2022.”
Trustmarque’s senior management and employees will remain in the business