Wipro’s $1.45 Billion Acquisition of Capco

Debevoise & Plimpton LLP advised Capco and Clayton Dubilier & Rice on the deal. VISCHER, Hughes Hubbard, and DLA Piper has advised Wipro Limited.

Clayton, Dubilier & Rice closed 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.

Capco is a global technology and management consultancy specializing in driving digital transformation in the financial services industry.

Wipro is a leading global information technology, consulting and business process services company.

The Debevoise team was led by M&A partners Paul Bird (Picture) and Uri Herzberg and includes associates David Becker, Julia Chen, Robert Geren, Ethan McMahon and Alexander Smith, finance partner Scott Selinger and counsel Christopher Rosekrans, benefits partner Meir Katz and associate Spencer Mizerak and tax partner Erin Cleary and associate Lena Smith.

The Vischer team led by Dr. Adrian Dörig and also comprised Dr. Peter Kühn, Flavio Langenegger, Florian Kambor and Jeannine Dehmelt.

DLA Piper advised Wipro with a team led by partner Dr Mathias Schulze Steinen and foreign associate Viola (Tsai Hsuan) Lee (both Corporate/M&A, Frankfurt) and comprised of partner Dr Jan Joachim Dreyer (Antitrust), counsel Dr Thilo Streit (Foreign Trade Law, both Cologne), senior associates Kristin Vogt-Schories (Corporate/M&A, Frankfurt) and Dr Gregor Schroll (Antitrust), associates Isabel Lang (Foreign Trade Law) and André Köhler (Antitrust, all Cologne) as well as legal project manager Tamara Schwenk (Frankfurt). The international team also included lawyers from DLA Piper offices in Austria, Belgium, Canada, China, France, Hongkong, Luxembourg, Netherlands, Poland, Slovakia, South Africa, Sweden, Thailand and the UK.

In-house at Wipro Limited Nils Vernooij (Head Corporate Counsel) advised on this transaction.

Hughes Hubbard advised Wipro with Chuck Samuelson, Robert Bell, Andy Braiterman, Ryan Fayhee, Freddie Goudie, Steve Greene, Spencer Harrison, M. Shams Billah, Carol Remy, Justin Cohen, Tyler Grove, Grace Ha, Andrew Herman, Kristin Millay, Nathalie Rey and Justin Taylor.

Involved fees earner: David Becker – Debevoise & Plimpton; Paul Bird – Debevoise & Plimpton; Erin Cleary – Debevoise & Plimpton; Robert Geren – Debevoise & Plimpton; Uri Herzberg – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Ethan Lee McMahon – Debevoise & Plimpton; Spencer Mizerak – Debevoise & Plimpton; Christopher Rosekrans – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton; Lena Smith – Debevoise & Plimpton; Alexander Smith – Debevoise & Plimpton; Jan Joachim Dreyer – DLA Piper; André Koehler – DLA Piper; Isabel Lang – DLA Piper; Gregor Schroll – DLA Piper; Mathias Schulze Steinen – DLA Piper; Thilo Streit – DLA Piper; Kristin Vogt – DLA Piper; Robert Bell – Hughes Hubbard & Reed; Shams Billah – Hughes Hubbard & Reed; Andy Braiterman – Hughes Hubbard & Reed; Justin Cohen – Hughes Hubbard & Reed; Ryan Fayhee – Hughes Hubbard & Reed; Federico Goudie – Hughes Hubbard & Reed; Steven Greene – Hughes Hubbard & Reed; Tyler Grove – Hughes Hubbard & Reed; Grace Ha – Hughes Hubbard & Reed; Spencer Harrison – Hughes Hubbard & Reed; Andrew Herman – Hughes Hubbard & Reed; Kristin Millay – Hughes Hubbard & Reed; Carol Remy – Hughes Hubbard & Reed; Nathalie Rey – Hughes Hubbard & Reed; Charles Samuelson – Hughes Hubbard & Reed; Justin Taylor – Hughes Hubbard & Reed; Jeannine Dehmelt – VISCHER AG; Adrian Dörig – VISCHER AG; Florian Kambor – VISCHER AG; Peter Kühn – VISCHER AG; Flavio Langenegger – VISCHER AG;

Law Firms: Debevoise & Plimpton; DLA Piper; Hughes Hubbard & Reed; VISCHER AG;

Clients: Capco; Clayton Dubilier & Rice; Wipro Limited;

Author: Martina Bellini