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

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.

Spie to raise 500 mln euros in new capital via IPO: Reuters

French energy and communications services group Spie plans to raise 500 million euros ($682 million) in new capital as part of an IPO that should be completed by the end of this year, chairman Gauthier Louette said as it delivered its official listing proposal.

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Clayton, Dubilier & Rice to acquire Healogics

Clayton, Dubilier & Rice is to acquire Healogics Holding Corp from Metalmark Capital and Scale Venture Partners. The transaction is valued at $910 million. Healogics is a wound care services provider.

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CD&R in talks to buy Healogics – Reuters

Clayton, Dubilier & Rice is in advanced talks to acquire wound care company Healogics Inc from Metalmark Capital Holdings for around $1 billion, writes Reuters. CD&R has so far outbid other private equity firms in the auction for Healogics, including TPG Capital and a consortium of Ares Management LP and Leonard Green & Partners LP, writes Reuters.

Dubai sells Mauser to CD&R – Reuters

Clayton Dubilier & Rice is to buy Germany-based packaging group Mauser from Dubai International Capital for around 1.25 billion euros ($1.72 billion), writes Reuters. Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, writes Reuters.

First read sunrise
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peHUB First Read

This morning First Read brings you the latest after the weekend including the secrets to venture capital success, pension funds facing a dilemma over private equity cash returns and Quantum Energy targeting $2.5 bln for Fund VI.

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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.

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