Clayton, Dubilier & Rice announced today an agreement under which its portfolio company Capco, a global management and technology consultancy, will be acquired by Wipro Limited (NYSE: WIT), a leading global information technology, consulting and business process services company. The transaction, expected to close in the second quarter of 2021, is valued at $1.45 billion.
London-headquartered Capco provides digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific.
The company has worked closely with key business and operational leaders in the banking, capital markets, wealth, asset management and insurance sectors and is widely acknowledged for its domain and digital consulting expertise, risk and regulatory offerings and thought leadership around key industry technology challenges and opportunities.
Source: NeighborWebSJ
By HK Rumi
