Clayton, Dubilier & Rice, Inc. completed the acquisition of 60% stake in The Capital Markets Company N.V. from Fidelity National Information Services, Inc..
July 30, 2017
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Clayton, Dubilier & Rice, Inc. signed a definitive agreement to acquire 60% stake in The Capital Markets Company N.V. from Fidelity National Information Services, Inc. (NYSE:FIS) for approximately $440 million on May 23, 2017. Upon closing, Fidelity National Information Services will retain approximately 40% percent equity interest in The Capital Markets. Clayton, Dubilier & Rice obtained committed financing from Barclays, Credit Suisse, BMO Capital Markets, HSBC Securities (USA) Inc., HSBC Bank USA, National Association, and Natixis, New York Branch. On completion, The Capital Markets will become a privately held company operating under The Capital Markets name. Clayton, Dubilier & Rice's operating Partner Russ Fradin, the former Chief Executive Officer of SunGard, will serve as Chairman of The Capital Markets. Lance Levy will continue to serve as The Capital Markets' Chief Executive Officer.
The transaction is subject to regulatory approvals and is expected to close in early third quarter of 2017. Centerview Partners LLC acted as financial advisor while Robert Rachofsky, Christopher Peters, Mark Holdsworth, Eugene Chang, Thomas Henry, Jacob Kleinman, Jonathan Konoff, Thomas Cantore, Christine Centola, Kapiljeet Dargan, Isabel Arajo, Matthew Makover, Jennifer Coffey and Eric DiMuzio and Caroline Dreyspool of Willkie Farr & Gallagher LLP acted as legal advisors for Fidelity National Information Services. Barclays, BMO Capital Markets, Credit Suisse, HSBC Securities, and Peter J. Solomon Company acted as financial advisors while Paul S. Bird, Uri Herzberg, Peter A. Furci, Meir D. Katz, Henry Lebowitz, Scott Selinger, David P. Iozzi, Maria B. Navarro, Giselle Alvarado, Valerie A. Campbell, Erin Cleary, Christine Shu Gilleland, Michelle Hillenbrand, Ashley J. Shapero, Tricia Bozyk Sherno and Lena E. Smith of Debevoise & Plimpton LLP acted as legal advisors for Clayton, Dubilier & Rice. Mike Weir Jones Day acted as legal advisor for The Capital Markets Company N.V.
Clayton, Dubilier & Rice, Inc. completed the acquisition of 60% stake in The Capital Markets Company N.V. from Fidelity National Information Services, Inc. (NYSE:FIS) on July 31, 2017.
Fidelity National Information Services, Inc. is one of the world's leading providers of technology solutions, payment card issuance and transaction processing services management and outsourcing services to financial institutions and retailers. Net sales break down by activity as follows:
- payment card issuance services (68.5%);
- financial services (28.2%);
- other (3.3%).
The group also develops banking management software used to file primary records of customer accounts, electronic transfer of funds software, bank and online payment services, detection and prevention of frauds services, payment card issuance services, etc.
North America accounts for 78.2% of net sales.
Clayton, Dubilier & Rice, Inc. completed the acquisition of 60% stake in The Capital Markets Company N.V. from Fidelity National Information Services, Inc..
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