Clearwater International has advised Electranet, a supplier for the design, delivery and support of highly secure network and communication infrastructure in the UK, on its sale to Capita, a UK-based provider of digitally enabled customer and business process services.
Electranet supports high profile government and private sector customers that require secure and effective networking and communication solutions. The company handles highly secure data and is approved to sponsor its own workforce through national security vetting processes, such as the Counter-Terrorist Check and Developed Vetting. The company runs one of the UK’s few commercial sites that is approved to hold UK government protectively marked information, allowing it to support secure government projects.
Capita plc currently employees 68,000 people at over 400 sites, including 80 business centres across the UK, Europe, India and South Africa. The group uses its expertise, infrastructure and scale benefits to transform its clients’ services, driving down costs and adding value. Electranet will join Capita’s IT Enterprise Services division.
Palatine Private Equity invested in the company in 2008 as part of a management buyout. This acquisition will see the private equity house exit the business.
Clearwater International advised Electranet. The team was led by partner Carl Houghton, supported by directors Emma Rodgers, Wesley Fell-Smith and associate Mark Gillingham.
Andy Richards, Chief Executive, Electranet, says: “This acquisition marks the next natural stage of our growth as an organisation. Capita can provide access to investment and customers that will allow us to build on our great success to date. As part of Capita, our team will be able to grow and develop as we work to deliver secure and innovative systems for our customers.
Carl Houghton (pictured), Head of TMT, Clearwater International, adds: “Electranet is a strongly performing business with an exceptional reputation in its sector. The fit with Capita is perfect, and will add a new dimension to Capita’s secure networking capability and allow both of these businesses to evolve and grow.”
