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FIS sells majority interest in Capco consulting business

FIS has completed the sale of its majority ownership stake in Capco to funds managed by Clayton, Dubilier & Rice (CD&R).

FIS received cash proceeds in the transaction of USD469 million, or USD441 million net of taxes and deal-related expenses. The sale establishes Capco as an independent company.]
 
CD&R funds purchased approximately 60 per cent equity interest in Capco through the transaction, which includes other consulting-related assets. FIS retains an approximately 40 per cent equity interest in Capco.

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