M&A Deal Summary

Wipro Acquires Capco

On March 4, 2021, Wipro acquired business services company Capco from CD&R for 1.5B USD

Acquisition Highlights
  • This is Wipro’s 3rd transaction in the Business Services sector.
  • This is Wipro’s largest (disclosed) transaction.
  • This is Wipro’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-03-04
Target Capco
Sector Business Services
Buyer(s) Wipro
Sellers(s) CD&R
Deal Type Add-on Acquisition
Deal Value 1.5B USD

Target

Capco

London, United Kingdom
website
Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry. 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 was founded in 1998 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Wipro

Bengaluru, India

website

Category Company
Founded 1945
Sector Information Technology
Employees220,000
Revenue 790.9B INR (2022)
DESCRIPTION

Wipro is a global information technology, consulting and outsourcing company with 145,000 employees serving over 900 clients in 60 countries. Wipro helps customers to do business better leveraging our industry-wide experience, deep technology expertise, comprehensive portfolio of services and a vertically aligned business model. Our 55+ dedicated emerging technologies ‘Centers of Excellence’ enable us to harness the latest technology for delivering business capability to our clients. Wipro was founded in 1945 and is based in Bengaluru, India.

DEAL STATS #
Overall 21 of 27
Sector (Business Services) 3 of 4
Type (Add-on Acquisition) 17 of 23
Country (United Kingdom) 2 of 2
Year (2021) 1 of 4
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Encore Theme Technologies Pvt.

Chennai, India

Encore Theme Technologies Pvt. Ltd. is a banking and financial software solution provider of Finastra Products. Encore Theme offers trade finance solutions covering Fusion Trade Innovation Plus (FTI), Fusion Corporate Channels (FCC) for Trade and Fusion Cash Management (FCM). These are offered using SaaS model or License plus Professional Services model or a pure professional services model. Encore Theme Technologies was established in 2006 and is based in Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Ampion

Melbourne, Australia

Ampion is a provider of cybersecurity, DevOps, and quality engineering services. Ampion was founded in 2004 and is based in Melbourne, Australia.

Buy -

Seller(S) 1

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 38 of 42
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 13 of 14
Country (United Kingdom) 5 of 5
Year (2021) 1 of 5
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Wolseley UK

Royal Leamington Spa, United Kingdom

Wolseley UK is a wholesale distributor of plumbing and building materials and products. Wolseley UK was founded in 1959 and is based in Royal Leamington Spa, United Kingdom.

Buy £308M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 S&S Activewear

Bolingbrook, Illinois, United States

S&S Activewear is a wholesale supplier to the imprinted sportswear industry. S&S Activewear was founded in 1988 and is based in Bolingbrook, Illinois.

Buy -
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