Debevoise Advises Clayton, Dubilier & Rice in the Closing of Fund XII, an Approximately $26 Billion Fund

23 August 2023

Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice (“CD&R”) in the formation of Clayton, Dubilier & Rice Fund XII, an approximately $26 billion fund, CD&R’s largest fund to date.

The Debevoise team was led by investment management partners Jonathan Adler, Jason Auerbach and Rebecca Silberstein and included counsel Paul Laszlo, associates Julia Ahn, Ruthie Fruchter, Carly Hill, Michael Keene, Dillon RoachNur Sultan and Jihyun Yoo, law clerk Nicola Hill and corporate staff attorneys Sam Engutsamy, Jonathan McCarron-Smith and David Swiedler. Tax advice was provided by tax partners Cecile Beurrier, Erin Cleary and Matthew Saronson, counsel Adam Namm and associates Shanna AdlerMartin Connor and John Nelson. Advice was provided in connection with the formation of a Luxembourg parallel fund by partner Patricia Volhard, international counsel Christopher Dortschy and Jin-Hyuk Jang and associates Harry Just, Lukas Ott and Mathieu Voos. Regulatory advice was provided by partners Andrew Levine, Frank Mitchell and Marc Ponchione and counsel Erich Grosz, Stuart Hammer, Douglas Hirn and Sheena Paul and ESG senior advisor Ulysses Smith.