Source: Business Wire

Press Release: Clayton, Dubilier : FIS Completes Sale of Majority Interest in Capco Consulting Business

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS (NYSE: FIS), a global leader in financial services technology, has completed the sale of its majority ownership stake in Capco to funds managed by Clayton, Dubilier & Rice (CD&R). FIS received cash proceeds in the transaction of $469 million, or $441 million net of taxes and deal-related expenses. The sale establishes Capco as an independent company. CD&R funds purchased approximately 60 percent equity interest in Capco through the transacti

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Nathan K. Sleeper's photo - CEO of Clayton, Dubilier & Rice, LLC

CEO

Nathan K. Sleeper

CEO Approval Rating

90/100

CD&R is a private equity firm that offers investment and portfolio management services for corporates. Read more