LONDON (ShareCast) - (Sharecast News) - Oursourcer Capita has agreed to sell its Eclipse business to Access UK for an enterprise value of £56.5m.
Eclipse is a mid-market case, matter and practice management software provider operating in the UK legal market.

Capita said proceeds from the deal, which is due to complete on 30 June, will be used to strengthen the balance sheet.

As at the end of December 2019, Eclipse had statutory gross assets of £20.5m and statutory pre-tax profit for the year to the end of December was £5.5m

All of the Eclipse senior management team will be transferring with the business.

Chief executive officer Jon Lewis: "This disposal forms part of Capita's strategy to simplify, strengthen and succeed. It will help us simplify by disposing of a standalone business, while the disposal proceeds will help strengthen Capita's balance sheet. At the same time, our colleagues at Eclipse will benefit from a committed new owner, supporting further investment and growth."

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