- Clayton, Dubilier & Rice
-
Clayton, Dubilier & Rice 
Type Private Equity Investment Firm Industry Buyouts Founded 1978 Headquarters New York City and London Website www.cdr-inc.com Clayton, Dubilier & Rice is one of the oldest private equity investment firms in the world. Founded in 1978, CD&R has managed the investment of approximately $15 billion in 48 U.S. and European businesses—mostly subsidiaries or divisions of large multi-business corporations—representing a broad range of industries with an aggregate transaction value in excess of $70 billion. Two-thirds of CD&R's transactions have involved corporate divestitures.
CD&R has ownership stakes in Diversey (a global provider of commercial cleaning, sanitation and hygiene solutions), The Hertz Corporation, Rexel (a distributor of electrical parts and equipment), Sally Beauty (international specialty retailer and distributor of professional beauty supplies) and U.S. Foodservice (a broadline foodservice distributor), amongst other companies. CD&R formerly owned or had ownership in such companies as VWR International, Brakes Group, Kinko's (now FedEx Office, previously FedEx Kinko's), Uniroyal Goodrich Tire Company and Lexmark.
Contents
History
History of private equity
and venture capital
Early history
(Origins of modern private equity)
•
The 1980s
(LBO boom)
•
The 1990s
(LBO bust and the VC bubble)
•
The 2000s
(Dot-com bubble to the credit crunch)Timeline of Clayton, Dubilier, and Rice transactions
- 1978 Founded by Joseph L. Rice, III, Martin Dubilier and Eugene Clayton
- June 1988 Acquired Uniroyal Goodrich Tire Company,[1] 50% stake from B.F. Goodrich for US$225 million,[1] [2] and 50% from others
- 1990 Sold Uniroyal Goodrich Tire Company to Michelin for US$1.5 billion.[3]
- 1991 Acquired Lexmark
- 1993 Acquired Allison Engine
- 1993 Acquired Remington Arms
- 1993 Acquired Van Kampen Merritt
- 1994 Acquired Wesco Distribution (was Westinghouse Electric's Distribution Arm)
- 1995 Sold Allison Engine
- 1995 Acquired Alliant Exchange, Inc (now US Foodservice)
- 1995-1998 Sold Lexmark
- 1996 Sold Van Kampen Merritt
- 1998 Acquired Jafra Cosmetics
- 1998 Sold Wesco Distribution
- 1998 - 1999 Acquired North American Van Lines and Allied Van Lines (now Sirva)
- 2000 Invested in Italtel
- 2001 Sold Alliant Exchange, Inc
- 2002 Invested in Brakes
- 2002 Acquired the National Association of Independent Truckers, Inc., a wholly owned company specializing in insurance belonging to Cheryl Womack (which was rolled into Sirva)[4]
- 2003 Sold part of Remington Arms
- 2003-2004 Sold most of Sirva in public equity offering
- 2004 Sold Kinko's to FedEx
- 2004 Invested in VWR International
- 2004 Sold Jafra Cosmetics (an international cosmetics company) to Vorwerk
- 2004 Acquired Culligan
- 2005 Acquired Hertz
- 2005 Acquired Rexel
- 2006 Acquired 47.5% equity interest in Sally Beauty Company, Alberto-Culver’s beauty supply distribution business, as part of a broader recapitalization of Alberto-Culver, which included the tax free spin off of the company’s consumer business to shareholders and the listing of Sally Beauty Holdings on the New York Stock Exchange. Jim Berges, a CD&R operating partner, became chairman of Sally Beauty.
- 2007 Acquired US Foodservice
- 2007 Brake Bros sold to Bain Capital for £1.4bn
- 2007 VWR International sold to Madison Dearborn for $3.8bn
- 2007 Acquired ServiceMaster
- 2007 Acquired HD Supply, along with Carlyle Group and Bain Capital (with each agreeing to buy a one-third stake in the division). Home Depot sold their wholesale construction supply business to fund a stock repurchase estimated at $40 billion.
- 2008 October 17 acquired Exova
- 2009 October acquired NCI Building Systems
- 2009 November acquired Diversey, Inc.
- 2010 February acquired BCA, Europe’s No. 1 Vehicle Auction and Remarketing Company
- 2010 October acquired HGI Holding, Inc., a provider of specialty medical products for chronic disease patients
- 2010 November acquired Univar, a global distributor of commodity and specialty chemicals
- 2010 December acquired Atkore International, formerly Tyco International’s Electrical and Metal Products business
- 2011 May acquired SPIE, a European leader in electrical and mechanical engineering and HVAC services, energy and communication systems
References
- ^ a b Uniroyal Goodrich Tire Co reports earnings for Qtr to Sept 30, New York Times Archive, Published: October 14, 1988
- ^ Company News; Goodrich Outlook, REUTERS, New York Times Archive, Published: June 24, 1988
- ^ INSIDE, New York Times, Published: September 23, 1989
- ^ http://sec.edgar-online.com/2005/11/22/0001104659-05-057114/Section16.asp
External links
Private equity and venture capital investment firms Investment strategy 
History History of private equity and venture capital · Early history of private equity · Private equity in the 1980s · Private equity in the 1990s · Private equity in the 2000sInvestors Institutional Investors · Pension funds · Insurance companies · Endowments · Investment Banks · Merchant banks · Fund of funds · High net worth individuals · Angel investors · Family offices · Sovereign wealth fundsPrivate equity firms · Venture capital firms · Portfolio companiesCategories:- Private equity firms of the United States
- Companies established in 1978
- Private equity firm stubs
- Financial services company stubs
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