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Capita PLC Announces Acquisition Of iQor Holdings UK Ltd

Friday, 1 Mar 2013 03:48am EST 

Capita PLC announces that it has acquired iQor Holdings UK Ltd and subsidiaries (iQor UK), from its US parent company, for an enterprise value of GBP42 million, comprising a cash consideration of GBP40.5 million on a cash free, debt free basis and the assumption by Capita of a pension deficit of GBP1.5 million (net of tax relief). iQor UK provides outsourced debt collection services to both the public and private sectors in the UK, helping companies and organisations to manage high risk customers and ensure revenue collection. 

Company Quote

-4.0 -0.33%
11:37am EDT