Clayton, Dubilier & Rice’s US$4 Billion Public To Private Bid For UDG Healthcare plc

Clifford Chance, Debevoise & Plimpton and William Fry advised Clayton, Dubilier & Rice on the deal. Arthur Cox acted for the lenders. Freshfields Bruckhaus Deringer advised UDG Healthcare. Norton Rose Fulbright advised Citi.

Clayton, Dubilier & Rice (“CD&R”), the U.S. based private investment firm, made a US$4bn public to private bid for UDG Healthcare plc (“UDG”) a leading player in healthcare medical affairs, marketing and advisory services, and in pharma packaging. CD&R intends to combine UDG with Huntsworth, its existing portfolio company acquired in a P2P last year to create a set of global solutions to support Pharma and Biotech clients across the life cycle of a drug, from development to launch and beyond patent expiry, across all therapeutic areas.

The Clifford Chance team in London was led by Private Equity and Global Relationship Partner Simon Tinkler (Picture), Corporate Partner Katherine Moir and Antitrust Partner Jenny Storey. The team was supported by Corporate and Private Equity Lawyers Faeezah Tailor, Abi Birch, Tom Cowie and Julia Lee, Antitrust Lawyers Stavroula Vryna and Kabya Chaharia plus US colleagues Tim Cornell, Abby Cessna, Eva Kurban, Daryl Fairbairn and Jen Saionz. William Fry partners Myra Garrett, Brian Butterwick and Lyn Brennan advised CD&R in relation to all Irish aspects of the transaction.

Debevoise & Plimpton advised CD&R on debt and funds with a team led by finance partner Jeffrey Ross, which included partner Alan Davies, counsel Zahra Sowder and associates Lee Henderson, Brett Novick and Brad Taylor and law clerk Shira Huberfeld, investment management partners Jonathan Adler and Jason Auerbach and associates Paul Laszlo and Jihyun Yoo, tax partners Peter Furci and Matthew Saronson, associate Robert Nelson-Sullivan and corporate staff attorney Sam Engutsamy and capital markets partner Steven Slutzky.

The Arthur Cox team was led by Cian McCourt (Corporate and M&A) and included Conor O’Keeffe (Corporate and M&A), Ultan Shannon and Ed McDonagh (Finance) and David Kilty (Tax).

The Freshfields team was led by global transactions partner Julian Pritchard, supported by senior associate Tamara Young. Partners Alastair Chapman and Holly Insley led on antitrust and employment matters respectively. A&L Goodbody LLP is advising UDG on Irish law matters.

The London-based Norton Rose Fulbright team was led by corporate partner Paul Whitelock and banking partner James Dunnett, supported by counsels Nicolas Sirtoli and Alex Zekkos and associate Florence Childs.

The William Fry team is led by Corporate partners Myra Garrett and Brian Butterwick and Finance partner Lyn Brennan supported by a cross-departmental team including  Employment & Benefits partners Louise Harrison and Jeffrey Greene, Litigation partner Ruairi Rynn, Corporate senior associate Fiachra Cork and Banking associate Jacqueline Taaffe.

Involved fees earner: Abi Birch – Clifford Chance; Abigail Cessna – Clifford Chance; Kabya Chaharia – Clifford Chance; Tim Cornell – Clifford Chance; Thomas Cowie – Clifford Chance; Daryl Fairbairn – Clifford Chance; Eva Kurban – Clifford Chance; Julia Lee – Clifford Chance; Katherine Moir – Clifford Chance; Jennifer Saionz – Clifford Chance; Jennifer Storey – Clifford Chance; Faeezah Tailor – Clifford Chance; Simon Tinkler – Clifford Chance; Stavroula Vryna – Clifford Chance; Jonathan Adler – Debevoise & Plimpton; Jason Auerbach – Debevoise & Plimpton; Alan Davies – Debevoise & Plimpton; Sam Engutsamy – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; Lee Henderson – Debevoise & Plimpton; Zahra Khosrovi Sowder – Debevoise & Plimpton; Paul Laszlo – Debevoise & Plimpton; Robert Nelson-Sullivan – Debevoise & Plimpton; Brett Novick – Debevoise & Plimpton; Jeffrey Ross – Debevoise & Plimpton; Matthew Saronson – Debevoise & Plimpton; Steven Slutzky – Debevoise & Plimpton; Brad Taylor – Debevoise & Plimpton; Jihyun Yoo – Debevoise & Plimpton; Alastair Chapman – Freshfields Bruckhaus Deringer LLP; Holly Insley – Freshfields Bruckhaus Deringer LLP; Julian Pritchard – Freshfields Bruckhaus Deringer LLP; Tamara Young – Freshfields Bruckhaus Deringer LLP; Florence Childs – Norton Rose Fulbright; James Dunnett – Norton Rose Fulbright; Nicolas Sirtoli – Norton Rose Fulbright; Paul Whitelock – Norton Rose Fulbright; Alex Zekkos – Norton Rose Fulbright; Lyn Brennan – William Fry; Brian Butterwick – William Fry; Myra Garrett – William Fry;

Law Firms: Clifford Chance; Debevoise & Plimpton; Freshfields Bruckhaus Deringer LLP; Norton Rose Fulbright; William Fry;

Clients: Citibank; Clayton Dubilier & Rice; UDG Healthcare plc;

Author: Federica Tiefenthaler