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Capita PLC on Wednesday said it agreed to sell Security Watchdog for £14 million, while on Monday it also agreed to sell its Resourcing, HR Solutions and ThirtyThree businesses for £21 million. On Wednesday, the London-based outsourcing services provider said the sale of Security Watchdog, a pre-and-post-employment screening solutions provider, was to Matrix. Matrix is owned by Bridgepoint Development Capital, which in turn is part of Bridgepoint Group PLC. Capita said the Security Watchdog senior management team and employees will remain with their business as it transfers to the ownership of Matrix. ‘We are pleased to have agreed the sale of our Security Watchdog business to Matrix following a competitive sale process. This was one of a number of Capita businesses which were successful but did not form part of our core growth strategy, and which will benefit from opportunities under new owners,’ said Capita Chief Executive Officer Jon Lewis. ‘The sale marks another step for our successful disposals programme which has enabled us to significantly strengthen the balance sheet and materially reduce our debt. We are targeting for the majority of the remaining businesses within our non-core portfolio division to be sold during the first half of 2023, depending on general market conditions.’ On Monday, Capita also exchanged for the sale of its Resourcing, HR Solutions and ThirtyThree businesses to Inspirit Capital. It said it expects to receive cash proceeds of around £17 million, including a deferred payment of around £7 million receivable by Capita on November 30 this year. Capita claimed the disposed businesses are ‘some of the UK‘
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