M&A · Industrials · Services-Business Services, NEC
Capgemini to acquire WNS (Holdings) Ltd
Announced Jul 7, 2025 · Closed Oct 17, 2025
Deal value$3.55BEV $3.69B
Premium17.0%To unaffected price
EV / Adj. EBITDA13.7x2.8x EV / Revenue
ConsiderationCash and stock$76.50 per share
Transaction
- Acquirer
- Capgemini
- Target
- WNS (Holdings) Ltd (WNS)
- Buyer type
- Strategic
- Offer price per share
- $76.50
- Enterprise value
- $3.69B
- Status
- Closed Oct 17, 2025
Deal protections
- Break fee (target pays)
- $118M · 3.3%
- Reverse fee (buyer pays)
- $169M · 4.8%
- Go-shop
- —
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 93 in the prior 24 months
- Premium
- 17.0% vs. 39.5% sector median
- EV / Adj. EBITDA
- 13.7x vs. 9.1x sector median
- Break fee
- 3.3% vs. 2.7% sector median
Timeline
- AnnouncedJul 7, 2025
- ClosedOct 17, 2025