Capita is buying education supplier Ramesys from Lloyds Bank for £15m.

Ramesys, based in Nottingham, employs about 300 people and specialises in school projects. It has contracts with Nottingham, Manchester, Waltham Forest, Westminster, Tower Hamlets and Greenwich.

Last year it made a loss of £2.9m on turnover of £34m.

Paul Pindar, Capita's chief executive, said the deal would deepen and broaden the firm's education expertise as well as fitting well with its other public sector business.

Capita's statement is here. ®