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CD&R private equity fund oversubscribed, raises $6.25 bln – Reuters

Clayton Dubilier & Rice has amassed $6.25 billion for its latest flagship private equity fund after it got oversubscribed, turning down as much as $2 billion from investors, writes Reuters. The firm attracted $8 billion in investor commitments for the fund but stuck with the fundraising limit of $6 billion it had originally agreed to.

CD&R forms new co with Harsco Infrastructure

Brand Energy & Infrastructure Services, Clayton, Dubilier & Rice and Harsco Corporation have merged Harsco’s infrastructure business with Brand. CD&R funds will hold a majority position in the new company, which will operate under the Brand Energy & Infrastructure Services name and generate approximately $3 billion in pro forma revenues.

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Carlyle-Backed HD Supply Plans to Raise $1.33B in IPO

(Reuters) – Industrial and construction supplies distributor HD Supply Holdings Inc., backed by PE firms Bain Capital, Carlyle Group and Clayton Dublier & Rice, plans to raise as much as $1.33 billion in an initial public offering.

Reuters – CD&R, Carlyle, BofA Sell Remaining Hertz Stake

Hertz Global Holdings‘ private equity investors Clayton, Dubilier & Rice, Carlyle Group and Bank of America Merrill Lynch have sold off their remaining shares in the car rental agency for $1.24 billion, writes Reuters. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each. Before the sales, CD&R and Carlyle were the second and third largest shareholders in Hertz, respectively, according to Thomson Reuters data.

Hertz Announces Share Sale

Hertz Global Holdings has announced the sale of 50,000,000 shares of common stock by investment funds associated with Clayton, Dubilier & Rice, The Carlyle Group and BofA Merrill Lynch to J.P. Morgan, as the sole underwriter in the registered public offering of those shares. The shares are being sold on a pro rata basis by these investment funds, which are existing stockholders of Hertz Holdings.

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