Clayton, Dubilier & Rice’s $477 million acquisition of Capco Consulting Business from FIS

Jones Day is advising the management of The Capital Markets Company (UK) Limited (trading as “Capco”) on the $477 million acquisition of Capco by Clayton, Dubilier & Rice.

Upon closing, FIS, the seller, will also retain approximately 40 percent equity interest in the business. The transaction, which includes other consulting-related assets, is expected to close by early third quarter, subject to required regulatory approvals and customary closing conditions.

Centerview Partners LLC acted as financial advisor to FIS. Willkie Farr & Gallagher LLP served as FIS’ legal advisors in the transaction. CD&R has obtained committed financing from Barclays; Credit Suisse; BMO Capital Markets; HSBC Securities (USA) INC. and HSBC Bank USA, National Association; and Natixis, New York Branch. Barclays, BMO Capital Markets, Credit Suisse, HSBC Securities (USA) INC., and Peter J. Solomon Company, an affiliate of Natixis, acted as financial advisors to CD&R. Debevoise & Plimpton LLP served as CD&R’s legal advisor in the transaction.

The Jones Day London deal team is led by Michael Weir (Private Equity, in picture) and includes Anthony Whall (Tax) and Killian Kiely (Capital Markets).

Involved fees earner: Michael Weir – Jones Day; Anthony Whall – Jones Day; Killian Kiely – Jones Day;

Law Firms: Jones Day;

Clients: The Capital Markets Company (UK) Limited;

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