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.

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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.

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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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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.

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