Capita plc has announced the sale of its mortgage servicing business assets, owned by Western Mortgage Services Limited (WMSL), to Topaz Finance Limited.
The buyer, a subsidiary of Computershare, is a UK-based mortgage lender and administrator supporting homeowners and buy-to-let landlords.
The transaction, expected to complete in Q2 2025 subject to operational conditions, will include the transfer of WMSL’s staff and offices to Topaz Finance.
This sale is part of Capita’s strategy to focus on core operations by managing non-essential activities for value. The company’s approach prioritises improving margins, generating cash, and driving revenue growth.
Ali Sayyah, corporate development director at Capita, said: “The Dentons team has been instrumental in achieving the successful outcome of this deal, and we are grateful for their expertise, tireless efforts and dedication throughout the process.”
Dentons, the legal adviser on the deal, was led by a multi-practice team that included corporate, tax, banking, employment, and pensions experts.
Neil Nicholson, UK corporate partner at Dentons, commented: “We’re very pleased to have played a key role in supporting Capita’s strategic initiatives. Our team’s dedication and M&A expertise have once again delivered great results for our valued client.”
The sale aligns with Capita’s broader strategy to streamline its business and improve financial performance, continuing its focus on high-margin, high-growth activities.
