Debevoise Advises Clayton, Dubilier & Rice and SSA Investments in the £454.3 Million Sale of B&M Shares

7 June 2017

The London office of Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice (CD&R) and SSA Investments (SSA) in the sale of 125 million ordinary shares in B&M European Value Retail S.A. The shares were priced at £3.634 per share, representing total proceeds of approximately £454.3 million.

Following the closing of the transaction, funds managed by CD&R and its affiliates will continue to own approximately 4.9% of B&M.

B&M is a fast-growing discount retailer, operating from over 500 high street and out of town stores across the UK, as well as under the JA Woll brand in Germany.

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.

Debevoise had also advised CD&R and its co-investors in block trade sales of B&M shares in February and July 2015.

The Debevoise team advising on the most recent sale of shares was led by partner Raman Bet-Mansour, and included associates Thomas Matthews and David M. Becker. Tax advice was provided by international counsel Cécile Beurrier.

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.