The Capita Group has acquired customer contact specialist Ventura, for a cash consideration of £65 million on a cash-free, debt-free basis.
Round-up of today’s M&A deals
The Capita Group has acquired customer contact specialist Ventura, for a cash consideration of £65 million on a cash-free, debt-free basis.
Trading under the moniker Club 24, Ventura is the third party customer services management arm of Next, a clothing and homewears retailer.
The deal provides Capita with opportunities to offer wider customer management. Chief executive Paul Pindar says: ‘The acquisition of Ventura is a good strategic fit with our existing integrated outsourcing services.‘
According to a statement Ventura staff will transfer over to Capita.
Managing director Ian Cherry comments: ‘This is a great way to take the business forward; this news will strengthen our service to clients and business prospects. We are very excited about the future and look forward to offering our clients even more innovative solutions in customer management outsourcing than ever before.’
Managing 50 million customer contacts each year for a range of additional private and public sector clients, Ventura focuses on the private sector. Clients include a number of telecoms, utilities and retail companies such as O2, Orange, British Gas and BMI.
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Round-up of today’s M&A deals
- The Go Daddy Group bought by a private equity consortium led by KKR and Silver Lake
Value: £1.4 million
Advisers: Barclays Capital, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Market
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- Vodafone signs deal to buy out Indan partner Essar from their joint mobile venture
Value: £3.39 million
Advisers: undisclosed
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- Blackboard, the US-based education software provider, acquired by Providence Equity Partners
Value: £1.02 billion
Advisers: Barclays Capital, Dewey & LeBoeuf Weil, Gotshal & Manges
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- Commsworld a Scottish voice, data and mobile services company has acquired Pocket Solutions Limited
Value: undisclosed
Advisers: undisclosed
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