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CD&R-backed ServiceMaster Global Holdings files for IPO

ServiceMaster Global Holdings, a portfolio company of Clayton, Dubilier & Rice, has filed for an IPO. The number of shares that will be offered as well as its pricing terms have yet to be set. J.P. Morgan Securities, Credit Suisse Securities, Goldman Sachs and Morgan Stanley are the lead underwriters. Headquartered in Memphis, Tenn., ServiceMaster Global Holdings is a provider of essential residential and commercial services.

CD&R closes Buy of Wilsonart International

Clayton, Dubilier & Rice has closed its $395 million buy of Wilsonart International Holding, which was formerly known as Illinois Tool Works’ Decorative Surfaces business. The deal was announced in August. ITW retains a stake. Wilsonart’s business units make and distribute high pressure laminates that are used in furniture, office and retail space, countertops, worktops and other applications.

Littlejohn Promotes Miranda

Littlejohn & Co., a private investment firm based in Greenwich, CT, has promoted Antonio Miranda from principal to managing director. Miranda joined Littlejohn in 2004. Prior to that, he served as an associate at Clayton, Dubilier & Rice where he evaluated, structured and monitored private equity investments. He was also a financial analyst at J.P. […]

US Foods unveils new name and growth strategy

Rosemont-headquartered U.S. Foodservice has announced its new name, US Foods and is undertaking a rebranding of the business. It will launch a line of new and innovative products and is working to provide customers with more intuitive tools and technologies, and thoughtful service solutions and information. The company is jointly owned by funds managed by Clayton, Dubilier & Rice Inc. and Kohlberg Kravis Roberts & Co.

CD&R and Partners Complete SPIE Acquisition

Clayton, Dubilier & Rice (CD&R) and its partners AXA Private Equity and Caisse de dépôt et placement du Québec today announced the closing of the acquisition of French based multi-technical services company, SPIE, from PAI partners for  €2.1 billion. CD&R-managed funds, including co-investment vehicles, invested approximately €510 million; AXA Private Equity and Caisse de depot et placement […]

Clayton, Dubilier & Rice Takes 60% of Hussmann

Buyout firm Clayton Dubilier & Rice will buy a 60% stake in Hussmann International, a maker of refrigerated display merchandising equipment and refrigeration systems for the retail food industry. The private equity firm is investing $195 million to acquire convertible participating preferred stock of Hussmann. Ingersoll-Rand, the current owner, will retain a 40% stake.

Former Tesco Chief Joins Clayton Dubilier & Rice

Terry Leahy, the former chief executive of food retailer Tesco PLC, is joining buyout shop Clayton, Dubilier & Rice, Reuters reported. He will become a senior advisor to the firm and will be based in London.

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