Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice on the acquisition of a 60% ownership stake in American Greetings, a designer, manufacturer and distributor of greeting cards, as well as gift packaging, party goods, and stationery products. The Weiss Family, descendants of Jacob Sapirstein, who founded the company in 1906, will retain a 40% stake in the business.

Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of $25 billion in 78 companies with an aggregate transaction value of more than $100 billion.

The Debevoise team is led by partner Uri Herzberg and includes partners Peter A. Furci, Meir D. Katz, Henry Lebowitz, Paul M. Rodel and Scott Selinger; counsel Kyra K. Bromley, Erin Cleary, Stuart Hammer and Serhat T. Krause; and associates Joe Binder, Benjamin P. Collins-Wood, Kevin R. Grondahl, Lunar Mai , Rebecca Quan and Wendy D. Widman.

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.