Paul Richard Martin Pindar (born 11 April 1959) is an English businessman. He is best known for his 23-year tenure as managing director and chief executive of

Capita Capita plc, commonly known as Capita, is an international business process outsourcing and professional services company headquartered in London. It is the largest business process outsourcing and professional services company in the United K ...

plc, a provider of business process outsourcing (BPO) services in the UK.

Career

Pindar trained as a chartered accountant with Coopers & Lybrand, qualifying in 1984, before joining private equity firm 3i as investment controller.

Capita

Pindar joined Capita in 1987, initially as finance director, then managing director in 1991, and chief executive in 1999. He was the third-longest serving

FTSE 100 The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest marke ...

CEO after

Martin Sorrell Sir Martin Stuart Sorrell (born 14 February 1945) is a British businessman and the founder of WPP plc, the world's largest advertising and PR group, both by revenue and the number of staff. Upon being ousted in April 2018, Sorrell was the longe ...

and

Aidan Heavey Aidan Joseph Heavey (born 14 March 1953) is the founder of Tullow Oil, one of Europe's largest oil businesses. Early life From Castlerea, Co. Roscommon and educated at Clongowes Wood College in County Kildare and at University College Dublin, ...

when he stood down in 2014. He joined the business after advising on the £330,000

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena o ...

(MBO) while working for 3i. When he joined Capita, it had 33 employees and revenues of £1.3 million. The company was subsequently floated on the USM in 1989 with a market capitalisation of £8 million. Since this IPO Capita has been the best performing UK share. On 18 November 2013, Pindar announced that he would be stepping down from his role at the end of February 2014 to focus on opportunities within private equity. When he left the business in February 2014, Capita had more than 62,000 employees and a market capitalisation of £7.5 billion.

Other activities

Pindar was a non-executive director of retailer

Debenhams Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish ...

plc from 2006 to 2010 and in July 2012 he was appointed non-executive chairman of Integrated Dental Holdings (IDH), the largest chain of dental practices in the UK with over 500 surgeries, backed by

Carlyle Group The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...

. Following his departure from Capita in February 2014, Pindar became chairman of Independent Clinical Services (ICS) in June 2014 following its acquisition by

TowerBrook TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Man ...

from Blackstone. He has also invested and joined the board of a number of smaller businesses. He backed the MBO of International Travel Connections (ITC), a luxury travel business, and became chairman in August 2014. He was also an early investor in

Purplebricks Purplebricks is an online estate agent which operates in the UK. Founded in 2012 by Michael Bruce and Kenny Bruce, it is backed by investors that include venture capital firm DN Capital as well as Neil Woodford, Paul Pindar, and Errol Dame ...

, a start-up online estate agency. He introduced the business to Neil Woodford who led two rounds of fundraising prior to an IPO of the business in December 2015. The IPO was just 19 months after the launch of the business and valued it at £240m, raising £58m from institutional investors. Pindar became non-executive chairman upon the IPO, moving from his existing NED role with the business. Previously he has also been chairman of the

NSPCC The National Society for the Prevention of Cruelty to Children (NSPCC) is a British child protection charity. History Victorian era On a trip to New York in 1881, Liverpudlian businessman Thomas Agnew was inspired by a visit to the New Yor ...

's Corporate Development Board (2004–2007) before becoming chairman of

Great Ormond Street Hospital Great Ormond Street Hospital (informally GOSH or Great Ormond Street, formerly the Hospital for Sick Children) is a children's hospital located in the Bloomsbury area of the London Borough of Camden, and a part of Great Ormond Street Hospita ...

's Corporate Partnerships Board (2008–2012). Pindar is currently a member of TowerBrook Capital Partners' senior advisory board.

References

{{DEFAULTSORT:Pindar, Paul Richard Martin 1959 births Living people Alumni of Swansea University British chief executives British corporate directors People educated at Ranelagh Grammar School