DLA Piper advises Wipro Limited on USD1.45 billion acquisition of Capco

DLA Piper has advised Wipro Limited, a leading global information technology, consulting and business process services company, on all non-US and non-India aspects of the USD1.45 billion acquisition of Capco, spanning from due diligence to transactional document advice as well as advice on antitrust and foreign direct investment issues across 21 jurisdictions. DLA Piper's global presence favored smooth coordination and communication across 21 international offices to create a seamless cross-border transactional team with a multi-jurisdictional scope.

The acquisition is expected to be completed during the quarter ending 30 June, 2021, subject to requisite regulatory approvals and customary closing conditions. The acquisition will make Wipro one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry.

The DLA Piper team was 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.