Capita has flogged off the professional services giant Trustmarque which it bought for £57 million in 2016 but agreed to sell to private equity firm One Equity.
The company received net proceeds of £118 million at completion which included an additional £3 million of contingent consideration.
Capita says the proceeds, net of transaction costs, will be used to strengthen the balance sheet and reduce debt.
One Equity Partners has a history of investing in channel businesses on an international level.
It funded US reseller CDI in 2019 and has previously invested in European resellers including Italian VAR Lutech and Norway-based software reseller Crayon.
