Majority shareholder Clayton, Dubilier & Rice backs significant global growth plan.
London, United Kingdom - Capco, a leading management and technology consultancy focused exclusively on the financial services industry, announced today the completion of a transaction that establishes the company as an independent enterprise. A fund managed by Clayton, Dubilier & Rice (CD&R) acquired a 60% interest in Capco, while former parent company, FIS™, retains a 40% equity interest in the business. The former FIS Risk and Compliance consulting and Energy Trading consulting businesses are now also part of Capco.
This is a significant milestone in Capco’s history reflecting its pace of growth in recent years, and its highly distinctive capabilities and culture. As an independent enterprise, Capco will be more agile and dynamic than ever. Capco, with the backing of CD&R, can now fully take advantage of the innovation disrupting the global financial services industry, compete more aggressively in this ever-changing market, and better serve its clients.
With CD&R’s support, Capco will move quickly to invest in a variety of growth initiatives. Capco will invest in new talent, broaden its digital, business and technology capabilities, while continuing to use its domain expertise to help clients transform their businesses
Lance Levy will continue to serve as Capco CEO. CD&R Operating Partner Russ Fradin, former Chief Executive Officer of SunGard, has assumed the role of Chairman of the Capco Board.
Commenting on the completion of the deal, Mr. Levy said, “In the financial services industry, technology and disruptive innovation are accelerating at an unprecedented speed. We bring the skills, delivery capability, and deep-domain expertise to help our clients navigate this change. Today’s announcement allows us to accelerate our efforts to further differentiate our offerings and be even better equipped to offer the solutions that our clients expect.
Capco’s culture is different and integral to everything we do. Successful delivery is a priority, and our clients’ success is always top of mind. We also value creativity, innovative thought-leadership, and diversity. Our people, and these values, will facilitate our ambition of becoming the fastest growing consultancy in financial services. Today is a significant milestone and the start of a new and exciting chapter in our history.”
Russ Fradin, Operating Partner at CD&R and new Chairman of Capco, said, “We look forward to working together with the Capco team at this exciting time in the company’s development. Capco’s highly skilled consultants are passionate about problem solving and delivering value to clients, and their reputation for exceptional service provides a solid foundation for continued success.”
For further information, please contact:
Capco is a global management and technology consultancy dedicated to the financial services industry. Our professionals combine innovative thinking with unrivalled industry and domain expertise to offer our clients consulting expertise, complex technology and package integration, transformation delivery, and managed services, to move their organizations forward. Through our collaborative and efficient approach, we help our clients successfully innovate, increase revenue, manage risk and regulatory change, reduce costs, and enhance controls. We serve our clients from offices in leading financial centers across the Americas, Europe, and Asia Pacific.
About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of more than $23 billion in 73 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion. The Firm has offices in New York and London.
For more information, visit www.cdr-inc.com.