CD&R to buy MFG from Patron Capital

By Iris Dorbian — 8 months ago

Clayton, Dubilier & Rice LLC will be acquiring Motor Fuel Group from Patron Capital Partners for about 500 million pounds. The transaction, which was done in partnership with MFG management, is expected to be completed in July. Also, Alasdair Locke will remain chairman of MFG while Sir Terry Leahy, a senior advvisor to CD&R’s funds, has been added to MFG’s board. UK-based MFG is a gas and convenience retailer.


CD&R exits BCA

By Iris Dorbian — 11 months ago

Clayton, Dubilier & Rice has sold British Car Auctions, a Europe-based seller of used vehicles, to Haversham Holdings for about 1.2 billion pounds. According to terms of the deal, BCA shareholders will receive 701 million pounds in cash and 104 million pounds in stock. The transaction is expected to be completed in early April. HSBC Bank plc, J.P. Morgan Limited, Rothschild and UBS Limited provided financial advice to CD&R.


CD&R agrees to invest $500 mln in CHC Group

By Chris Witkowsky — 1 year ago

Clayton Dubilier & Rice has agreed to invest $500 million in CHC Group, which provides offshore flying services to the oil and gas industry. CD&R will purchase convertible preferred shares to be issued in a private placement. CD&R has also committed to buy any convertible preferred shares not sold in a $100 million rights offering to existing shareholders, which could bring CD&R’s total investment to $600 million.