Clifford Chance and Debevoise & Plimpton LLP served as CD&R’s legal advisors in the transaction.
Clayton, Dubilier & Rice (“CD&R”) signed an agreement to acquire Wolseley UK (“Wolseley”), a leading specialist distributor of plumbing, heating, climate control, pipe and infrastructure & utility products in the United Kingdom, from Ferguson plc. Through a carve-out transaction for a net consideration of £308 million, Wolseley will become an independent company wholly owned by CD&R funds and management.
Founded in 1887, Wolseley is a leading UK distributor of plumbing and heating products. The Company operates through 542 branches and three distribution centers and employs approximately 5,000 FTEs.
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $30 billion in 95 companies with an aggregate transaction value of more than $150 billion.
The Debevoise team advising CD&R in the financing aspects of the transaction was led by partner Alan Davies (Picture), and included associates Almas Daud and Tereza Batlova.
Law Firms: Debevoise & Plimpton;
Clients: Clayton Dubilier & Rice;