CD&R completes Motor Fuel Group acquisition

Clayton, Dubilier & Rice LLC has closed its previously announced buy of Motor Fuel Group in a deal valued at about 500 million pounds. The seller was Patron Capital. UK-based MFG is a gas and convenience retailer.

PRESS RELEASE

London / New York – 17 July, 2015 – Clayton, Dubilier & Rice, LLC (“CD&R”) and Motor Fuel Group (“MFG” or the “Company”) announced today that funds managed by CD&R, partnering with the management of the Company, have completed the previously-announced acquisition of Motor Fuel Group from Patron Capital. The transaction was valued at approximately £500 million. Additional terms were not disclosed.

MFG, is the number two independent petrol and convenience retailer in the UK. Through a series of strategic acquisitions MFG has grown from 48 sites in 2011 to a current total of 373 sites, in addition to operating a dealer network of more than 200 sites. These locations operate under the BP, Shell, Texaco and Jet brands and have retail partnerships with Costcutter and Costa Coffee. The Company generated over £1bn of pro forma sales in 2014, and was this year ranked ninth in the Sunday Times Profit Track 100 list, which ranks private companies by profit growth.

About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. Since inception, CD&R has managed the investment of $21 billion in 63 businesses with an aggregate transaction value of approximately $100 billion. To learn more about CD&R, please visit www.cdr-inc.com.

About Patron Capital Partners
Patron is a pan-European institutional investor focused on property-backed investments and represents approximately Euro 2.8 billion of capital across several funds and related co-investments. Patron invests in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses. Since it was established in 1999, Patron has invested in 56 investments involving over 65 million square feet (6 million square metres) in 13 countries, with many of these investments realised. Investors represent a variety of sovereign wealth funds, prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the Funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona, Milan, Luxembourg and Frankfurt (Dreieich); the group is comprised of 73 people, including a 42-person investment team. Further information about Patron Capital is available at www.patroncapital.com.