On Monday 8th January 2018, Capita plc (“Capita”) completed the sale of its wholly-owned subsidiary PROjEN Limited (“PROjEN”) to PM Group, an Ireland-headquartered project delivery company with offices in Europe, the US and Asia.
PROjEN is a multi-disciplinary project engineering firm based in the UK, providing engineering design, process and project management services to clients active in the petrochemical, chemical, manufacturing and gas sectors. Clients include BP, National Grid, Essar Oil & Gas, Cargill, Tarmac and Syngenta.
Capita is a FTSE 250-listed provider of business process management and integrated professional support service solutions, with 73,000 staff across the UK, Europe, South Africa and India.
Smith Square Partners acted as sole financial adviser to Capita.