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. Funds advice was provided by partners Jason Auerbach and Jonathan Adler, and associates Carly Hill and Yana Mereminsky. Tax advice was provided by partner Matthew Saronson, and associates Shanna Adler and Adam Namm.