June 29, 2017 3:16 AM ET

Capital Markets

Company Overview of Clayton, Dubilier & Rice, Inc.

Company Overview

Clayton, Dubilier & Rice, Inc. is a private equity firm specializing in buyouts, acquisitions, and growth capital financings of mature and underperforming companies. It invests in the manufacturing, healthcare, distribution, services, information technology, chemicals, business services, energy services, new materials, industrial automation, industrial properties and services, and consumer goods sectors. The firm invests in companies based in North America with a focus on the United States and Canada; and Europe with a focus on the United Kingdom, Germany, and Italy. It also identifies and evaluates potential opportunities in France, the Benelux countries, and Asia. It focuses on non-core di...

375 Park Avenue

18th Floor

New York, NY 10152

United States

Founded in 1978

Phone:

212-407-5200

Fax:

212-407-5252

Key Executives for Clayton, Dubilier & Rice, Inc.

President and Chief Executive Officer and Chairman
Age: 66
Chief Operating Officer
Senior Partner
Age: 47
Compensation as of Fiscal Year 2016.

Clayton, Dubilier & Rice, Inc. Key Developments

Clayton, Dubilier Rice Announces Management Changes to the Newly Acquired Waterworks Business Unit of HD Supply Holding, Inc

Clayton, Dubilier Rice (CD R) announced an agreement with HD Supply Holding, Inc. to acquire its Waterworks business unit (Waterworks). Through a carve-out transaction, Waterworks will become an independent company, wholly-owned by CD R funds. Jim Berges, a CD R Partner, will serve as Chairman of Waterworks. Mr. Berges was Chairman of HD Supply from 2007 to 2015. Previously, Mr. Berges served as Vice Chairman and President of Emerson Electric Co. Steve LeClair, who has served as the President of Waterworks since 2011, will become the chief executive officer.

Toshiba Reportedly Rejects Two Preemptive Bids For Smart Meter Group Landis+Gyr As Too Low

Toshiba Corporation (TSE:6502) has reportedly rejected two preemptive bids for Landis+Gyr Inc. as too low and has hired bankers to prepare debt packages of around $1 billion, Reuters yesterday reported, citing people familiar with the matter. Toshiba has rejected the bids for nearly $2 billion from CVC Capital Partners Limited and Hitachi Ltd. (TSE:6501), while another private equity group, which had made an offer earlier this year was also rejected, the report said. Toshiba is instead waiting for tentative offers to come in by May 22 deadline, for which potential suitors including Advent International Corporation, AEA Investors LP, BC Partners, Bain Capital Private Equity, LP, The Blackstone Group L.P. (NYSE:BX), The Carlyle Group LP (NasdaqGS:CG), Cinven Limited, Clayton, Dubilier & Rice, Inc., Onex Corporation (TSX:OCX) and Triton are expected to bid, the report added. Toshiba had hired UBS Group AG (SWX:UBSN) to explore a potential sale or initial public offering of Landis+Gyr, which could take place as early as after the European summer.

Cerberus, Sycamore Reportedly Still In Talks To Buy Staples

Cerberus Capital Management, L.P. and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples, Inc. (NasdaqGS:SPLS), people familiar with the matter said on May 2, 2017. Staples has held talks with several private equity firms over the last few weeks about a potential deal, the sources said. Cerberus and Sycamore have emerged as the frontrunners, as other prospective buyers have become discouraged by the challenges Staples faces in shifting its business model from serving consumers to catering to companies, the sources added. Clayton Dubilier & Rice, Inc., Advent International Corporation and Bain Capital, LP are among the private equity firms that have also held discussions with Staples but are now less actively pursuing a deal, according to the sources. Staples, Cerberus, Sycamore Partners, Clayton Dubilier, Advent and Bain all declined to comment, reported Reuters. Bain Capital, LP, reportedly not pursuing a deal with Staples, Inc.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 6, 2017
HD Supply Waterworks Group and HD Supply Waterworks and Certain Other Waterworks Business Assets
Merger/Acquisition
May 23, 2017
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