CD&R sells Capco to Wipro for $1.45bn

Clayton, Dubilier & Rice has closed its previously announced sale of Capco, a global management and technology consultancy, to Wipro Limited.

Clayton, Dubilier & Rice has closed its previously announced sale of Capco, a global management and technology consultancy, to Wipro Limited. The purchase price was $1.45 billion.

PRESS RELEASE

NEW YORK – April 29, 2021 – Clayton, Dubilier & Rice today announced the completion of the previously announced sale of Capco, a global management and technology consultancy, to Wipro Limited (NYSE: WIT). The total purchase price was $1.45 billion.

CD&R funds acquired a 60% stake in Capco in July 2017 in a partnership transaction with the seller, FIS (NYSE: FIS). CD&R Operating Partner Russ Fradin, former CEO of SunGard Data Systems (sold to FIS in 2015), served as Chairman of Capco under CD&R’s ownership, overseeing a period in which Capco invested in organic and inorganic expansion opportunities and added capabilities to further accelerate growth, including in high-growth areas like digital consulting.

Over the past 5 years, CD&R funds have invested $4.1 billion, or approximately one third of capital invested, in technology-enabled services and software businesses.

About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $35 billion in 99 companies with an aggregate transaction value of more than $150 billion. The Firm has offices in New York and London. For more information, please visit www.cdr-inc.com.

About Capco
Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. With a growing client portfolio comprising over 100 global organizations, Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track transformation initiatives for the banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s ingenuity is brought to life through its Innovation Labs, and award-winning Be Yourself at Work culture and diverse talent. To learn more, visit www.Capco.com or follow Capco on Twitter, Facebook, YouTube, LinkedIn Instagram, and Xing.