Wipro Limited (BSE:507685) signed a definitive agreement to acquire Rizing, LLC from OEP Capital Advisors, L.P. for $570 million on April 26, 2022. Upon completion of the acquisition, Rizing will operate as Rizing, a Wipro company, under the leadership of Maiolo. The acquisition is subject to regulatory approvals and is expected to close before the end of the quarter ending June 30, 2022.

Guggenheim Securities, LLC acted as exclusive financial advisor to Rizing for this transaction. Derek Winkur, Allie Wasserman, Andrew Braid, Elizabeth Guidi, Edward Lemanowicz, Clemens York, James Fishkin, Beverly Ang, Michael Okkonen and Timothy Blank of Dechert LLP acted as legal advisor to OEP Capital and Rizing. PwC Advisory LLC acted as financial advisor to Wipro Limited.

Hughes Hubbard & Reed LLP acted as legal advisor to Wipro Limited. PricewaterhouseCoopers Private Limited acted as accountant to Wipro Limited (BSE:507685). Srinath Dasari and Bharat Budholia of AZB & Partners acted as legal advisor to Wipro.