The capacitance between parallel plates is given by $C_0 = \dfrac{\varepsilon_0 A}{d}$.
Let the configuration be such that Plate 1 and 3 are connected to terminal a, and Plates 2 and 4 to terminal b.
This forms three capacitors: $C_{12}$, $C_{23}$, $C_{34}$, each with capacitance $C_0$.
$C_{12}$ and $C_{34}$ are in parallel, giving $C_P = C_0 + C_0 = 2C_0$.
This is in series with $C_{23}$, so:
\[
C_{eq} = \frac{C_P \cdot C_0}{C_P + C_0} = \frac{2C_0 \cdot C_0}{2C_0 + C_0} = \frac{2C_0^2}{3C_0} = \frac{2}{3}C_0
\]
Substituting $C_0 = \dfrac{\varepsilon_0 A}{d}$, we get:
\[
C_{eq} = \frac{2\varepsilon_0 A}{3d}
\]