Capita tipped to acquire Ramesys
Capita is leading the race to acquire education specialist Ramesys as it is more able to swallow Building Schools for the Future (BSF) liabilities that may arise downstream, allowing current parent Lloyds Development Capital (LDC) to make a clean break.
As revealed last week, venture capitalist LDC is no longer willing to continue investing in loss-making Ramesys, which uses the funds to bid for BSF contracts.
Outsourcing giant Capita is understood to have tabled a bid of circa £20m for the Microsoft education LAR, but the other party involved in the negotiations is Agilisys.
"Capita is more likely of the two to complete the acquisition because LDC wants to sell to someone that is able to absorb liabilities including warranties," an insider told MicroScope.
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