March 26, 2021 – Hughes Hubbard is advising global information technology company Wipro in its acquisition of British tech consultancy firm Capco for $1.45 billion.

On March 4, Wipro announced that it reached an agreement to purchase London-based Capco. The deal is expected to close in the second quarter of 2021.

The acquisition will give Wipro access to 30 new large banking and financial clients and make Wipro one of the largest end-to-end global consulting, technology service providers in that industry.

“We are very excited to welcome Capco’s admirable leadership team and employees, and global citizens, to Wipro,” said Thierry Delaporte, CEO and managing director of Wipro. “Together, we can deliver high-end consulting and technology transformations, and operations offerings to our clients.”

HHR has been advising Wipro since 2013. Last year, HHR guided Wipro in its acquisition of engineering services company Eximius Design, as well Wipro’s digital business unit in its acquisition of Seattle-based Rational.

Wipro was founded in 1945 and is headquartered in Bangalore, India. Recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has over 190,000 employees serving clients across six continents.

Established in 1998, Capco specializes in driving digital transformation in the financial services industry. The company has a growing client portfolio of over 100 global organizations and operates in 32 countries across the Americas, Europe and Asia Pacific.

The deal drew coverage in Bloomberg News, Reuters, S&P Global, and other news outlets.

Chuck Samuelson leads the HHR team, which also includes 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.