Sentio Partners has advised the shareholders of York based, corporate travel management specialist NYS Corporate (“NYS”) on its sale to Capita Plc (“Capita”), the FTSE 250 listed professional services provider.
Renowned for its leading-edge technology and personalised high quality service, NYS will bring scale and expertise to Capita’s existing operations, further strengthening its service offering across events, meetings and travel. The combined travel business will have over £560m in managed spend and employ nearly 1,000 staff across seven UK locations.
James Parkhouse, chief executive officer of Capita’s travel and events business said:
“The acquisition of NYS Corporate will add significant value to our customers and partners, further enabling us to help make their business events, meetings and travel smarter through the application of quantitative and qualitative insight.”
“NYS Corporate has built a great reputation for innovative technology, aligned to a strong service ethos and deep knowledge in the meetings industry. Our combined expertise enhances our existing capabilities and positions us strongly in the UK’s events, meetings and business travel sector”
Trevor Elswood, Chief Commercial Officer of Capita’s Travel and Event business will become Managing Director of NYS within Capita.