Clayton, Dubilier & Rice (CD&R) has completed the previously announced sale of Capco, a global management and technology consultancy, to Wipro Limited, at a total purchase price was $1.45bn.
CD&R funds acquired a 60 per cent 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 five years, CD&R funds have invested $4.1bn, or approximately one third of capital invested, in technology-enabled services and software businesses.
Clayton, Dubilier & Rice is an American private equity company. It is one of the oldest private equity investment firms in the world.
Source: Private Equity Wire
Can’t stop reading? Read more
Ares raises $5.4bn for US and Europe real estate strategies as recovery drives demand
Ares raises $5.4bn for US and Europe real estate strategies as recovery drives demand Ares has...
Blue Owl caps fund withdrawals as private credit demand recalibrates amid market volatility
Blue Owl caps fund withdrawals as private credit demand recalibrates amid market volatility Blue...
Sycamore targets $4bn profit at Walgreens following $10bn buyout
Sycamore targets $4bn profit at Walgreens following $10bn buyout Sycamore Partners is targeting a...