Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice in connection with the formation of its latest fund, Clayton, Dubilier & Rice Fund X. The fund successfully closed with total capital commitments of $10 billion. CD&R’s Fund X generated strong support from both existing investors, with more than 90% of Fund IX LPs re-committing to Fund X, and a select group of new strategic relationships that resulted in a diverse mix of nearly 200 LPs globally.

Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of more than $22 billion in 72 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion.

The Debevoise team was led by partner Jordan C. Murray and included partner Matthew D. Saronson, counsel Jason Auerbach and associates Sally Bergmann, Blair Burnett, Paul Laszlo, Yana M. Mereminsky, Michael J. Milazzo, Franklin L. Mitchell, Adam M. Namm, Milan Prodanovic and Colleen B. Traflet.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.