Debevoise Advises Clayton, Dubilier & Rice in the Financing Aspects of its £308 Million Acquisition of Wolseley UK

5 January 2021

Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rise (“CD&R”) in the financing aspects of its agreement to acquire Wolseley UK ("Wolseley"), a leading specialist distributor of plumbing, heating, climate control, pipe and infrastructure & utility products in the United Kingdom, from Ferguson plc.

Through a carve-out transaction for a net consideration of £308 million, Wolseley will become an independent company wholly owned by CD&R funds and management.

For more information, please see the company’s press release.

The Debevoise team advising CD&R in the financing aspects of the transaction was led by partner Alan Davies, and included associates Almas Daud and Tereza Batlova.