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May 2017
North America, > £500m

Liberty advises on the $477 million Buyout of CAPCO by Clayton, Dubilier & Rice

Liberty is pleased to announce that it has advised the management team of The Capital Markets Company (UK) Ltd. (“CAPCO” or “the Company”) on its 60% majority stake acquisition by Clayton, Dubilier & Rice (“CD&R”) for $477 million from FIS.

The transaction, which includes other consulting-related assets, is expected to close by the end of June, subject to customary closing conditions.

Capco, the public brand for FIS’ management consulting offering, is a global consulting organization specializing in business, digital and technology consulting services for the financial services industry. Upon closing, Capco will become a privately held company and will continue to be led by its current CEO, Lance Levy, and executive management team.

Liberty provided advice to the continuing managers on their investment and sweet equity package in the CD&R structure.

Lance Levy, CEO of CAPCO, said: “As an independent enterprise, we will remain laser focused on delivering the highest levels of service and value to our clients. CD&R’s investment and support is a big win for us – they will accelerate the expansion of our market offerings and coverage, and will provide Capco access to business insights and skills to drive the next phase of our growth”