Sirius’ Equity Partnership with Clayton, Dubilier & Rice


Kirkland & Ellis LLP is acting as legal advisor, and Credit Suisse is acting as financial advisor to CD&R in the transaction. Debevoise & Plimpton LLP is acting as legal advisor, and Raymond James & Associates, and William Blair are acting as financial advisors to Sirius.

Sirius Computer Solutions, Inc. (Sirius), a leading national IT solutions integrator, and Clayton, Dubilier & Rice (CD&R), a private investment firm, today announced an agreement in which a CD&R fund will acquire a majority equity interest in Sirius.

With $3.5 billion in annual gross sales, Sirius provides world-class solutions from proven technologies helping clients transform their business by managing their operations, optimizing their IT, and securing it all. Sirius’ current majority owners, funds affiliated with Kelso & Company, will exit their investment at the close of the transaction.

Joe Mertens will continue to lead Sirius as president and CEO, and there are not expected to be any changes in the company’s current management structure.

The transaction is expected to close late in the second quarter of 2019, and is subject to regulatory approvals and other customary closing conditions.

The Debevoise team is led by partner Kevin M. Schmidt (Picture) and includes partners Jonathan F. Lewis, Michael Bolotin, Scott B. Selinger and Jeffrey P. Cunard; counsel Judith Church; and associates Andrew G. Jamieson, Vishaal Sharma, Helen Tang and T. Tina Xu.

Involved fees earner: Michael Bolotin – Debevoise & Plimpton; Judith Church – Debevoise & Plimpton; Jeffrey Cunard – Debevoise & Plimpton; Andrew Jamieson – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Kevin Schmidt – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton; Vishaal Sharma – Debevoise & Plimpton; Helen Tang – Debevoise & Plimpton; Tina Xu – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Sirius Computer Solutions, Inc.;

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Author: Ambrogio Visconti