Clayton, Dubilier & Rice
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| Clayton, Dubilier & Rice | |
|---|---|
 |
|
| Type | Private Ownership |
| Founded | 1978 |
| Headquarters |  New York City, New York |
| Industry | Private Equity |
| Products | Private Equity Secondaries |
| Total assets | $9 billion |
| Employees | N/A (2007) |
| 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 invested over $9 billion of capital in 42 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 of over $50 billion.
CD&R has ownership stakes in The Hertz Corporation, Rexel (a distributor of electrical parts and equipment), Culligan (a provider of water treatment products), HD Supply (an industrial and construction distribution business) 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 Kinko's), Uniroyal Goodrich Tire Company and Lexmark.
[edit] Timeline of Clayton, Dubilier, and Rice transactions
- June 1988 as Clayton & Dubilier, Inc., 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
- 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
- 2007 Acquired US Foodservice
- 2007 Brake Bros sold to Bain Capital for £1.4bn
- 2007 Acquired ServiceMaster
- 2007 Acquired Home Depot Supply
[edit] 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
