221 Views

CD&R to buy MFG from Patron Capital

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.

133 Views

CD&R exits BCA

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.

129 Views

CD&R taps PwC vet Griffiths as COO

Clayton, Dubilier & Rice has named Jillian Griffiths as chief operating officer. The appointment became effective March 4. Griffiths is a former partner at PricewaterhouseCoopers.

398 Views

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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