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
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