Experience

• • Clayton, Dubilier & Rice in its strategic partnership with Elevance Health, which will bring together certain care delivery and enablement assets of Elevance’s Carelon Health and CD&R portfolio companies, apree health and Millennium Physician Group.
  • TPG in its acquisition of Classic Collision, a leading national collision repair multi-site operator.
  • Cornerstone Building Brands in its acquisition of Harvey, a manufacturer of high performing windows and doors.
  • Konica Minolta, a Japanese multinational equipment and materials manufacturer operating in the healthcare and industrial industries, in the sale of its subsidiary Invicro to Calyx, a portfolio company of CapVest and leading technology-enabled provider.
  • Clayton, Dubilier & Rice in its acquisition of a significant ownership position in Foundation Building Materials, a specialty building products distributor.
  • Clayton, Dubilier & Rice in its acquisition of Shearer’s Foods, a leading contract manufacturer and private label supplier in the snack industry in North America.
  • Clayton, Dubilier & Rice and Sharp in Sharp’s acquisition of Berkshire Sterile Manufacturing.
  • Southern Cross Group in its sale of Esmax, a fuels and lubricants retailer, to Aramco, an integrated energy and chemicals company.
  • Kelso & Company and its portfolio company, BradyIFS, in the merger of BradyIFS and Envoy Solutions, which includes a new strategic and financial partnership with Warburg Pincus and its affiliate funds.
  • Elliott Management in its investment leading Speyside’s single asset continuation fund to support the future growth of its portfolio company Opta.
  • Clayton, Dubilier & Rice in the formation of Clayton, Dubilier & Rice Fund XII, an approximately $26 billion fund, its largest fund to date.
  • Ascent, a global leading provider of expedited, time-critical logistics solutions and other transportation services, in its sale to affiliates of H.I.G.
  • TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise, in the equity portion of a $700 million investment in Hybar, a newly formed company, to start up and operate a technologically advanced, environmentally sustainable scrap metal recycling steel rebar mill.
  • Morgan Stanley Capital Partners in its acquisition of Allstar Services and RowCal.
  • Pernod Ricard in its acquisition of a majority stake in Skrewball, a super-premium and fast-growing flavored whiskey.
  • Gentiva, a Clayton, Dubilier & Rice portfolio company and leading hospice, palliative, and personal care company, in its acquisition of Heartland hospice and home care.
  • Inovar Packaging Group in its acquisition of Cimarron Label and Western Printing, a label printing provider.
  • Clayton, Dubilier & Rice in its acquisition, together with Greenbriar Equity Group, of Paradigm Precision and Whitcraft Group and the merger of the two companies.
  • Pernod Ricard in its acquisition of a majority stake in Código 1530 Ultra Premium and Prestige Tequila.
  • Morgan Stanley Capital Partners in its investment in Emler Swim School.
  • Clayton, Dubilier & Rice in its acquisition of a majority stake in the industrial businesses of Roper Technologies, which operates market-leading businesses that design and develop vertical software and application-specific products, in a transaction valued at $3.7 billion.
  • Clayton, Dubilier & Rice and TPG in their $4 billion take-private of Covetrus, a global animal-health technology and services company.
  • Kelso & Company in its acquisition of a majority interest in Inovar Packaging Group, a full-service provider of pressure sensitive labels, shrink sleeves and flexibles for a wide range of industries.
  • Morgan Stanley Capital Partners in its acquisition of Fairway Lawns, a residential lawncare services provider.
  • Kelso & Company and its portfolio company, Eagle Family Foods Group, in their acquisition of General Mills’ Helper main meals and Suddenly Salad side dishes businesses, in a transaction valued at approximately $610 million.
  • Clayton, Dubilier & Rice in its acquisition of a 60% interest in Humana’s Kindred at Home Hospice and Personal Care divisions, valued at $3.4 billion.
  • Providence Equity Partners in its investment in a multi-decade lease for nine marquee billboards at Two Times Square and 1600 Broadway from Universal Branding Group.
  • Resonetics, a leader in micro-manufacturing for the medical device and diagnostics equipment, in its acquisition of EaglePicher Medical Power, a medical device manufacturer.
  • Carlyle in its strategic partnership with Orsini, an independent specialty pharmacy focused on rare diseases, gene therapies and complex conditions.
  • Carestream Dental, a Clayton, Dubilier & Rice portfolio company and leading provider of dental technology, in the $600 million carve-out sale of its Scanning Technology business to Envista, a leading global dental products company.
  • Dover Corporation, a diversified global manufacturer and global services provider, in its $631 million acquisition of Engineered Controls International.
  • Carlyle in its investment in Resonetics, a leader in micro-manufacturing for the medical device and diagnostics equipment industries, valuing the company at approximately $2.25 billion.
  • White Cap, a Clayton, Dubilier & Rice portfolio company and leading North American distributor of specialty concrete and construction accessory, safety, and building products, in its acquisition of Ram Tool, a construction supply distribution company.
  • S&S Activewear in its acquisition of TSC Apparel, a leading national distributor of blank apparel and accessories.
  • International Paper, a global producer of renewable fiber-based packaging and pulp products, in the separation and spin-off of its global printing papers business, Sylvamo, and related financing arrangements.
  • HCA Healthcare, one of the nation’s leading provider of healthcare services, in its agreement to acquire the operations of five hospitals of Steward Health Care, the largest physician-led healthcare network.
  • Pactiv Evergreen in its $380 million acquisition of Fabri-Kal, a U.S. manufacturer of foodservice and custom thermoformed plastic packaging solutions.
  • Cornerstone Building Brands in the $168 million sale of its roll-up sheet door business, DBCI, to Janus.
  • Covanta in its sale to EQT in a transaction valued at more than $5 billion, in which EQT acquired all shares of Covanta common stock for $20.25 per share.
  • Clayton, Dubilier & Rice and Solenis in the sale of Solenis to Platinum Equity at an implied enterprise value of $5.25 billion.
  • Cornerstone Building Brands in the sale of its Insulated Metal Panels business to Nucor for $1 billion in cash.
  • Kelso & Company in its acquisition of a majority interest in C.L. Smith and its combination of C.L. Smith with Inmark.
  • Artera, a Clayton, Dubilier & Rice portfolio company and one of the nation’s largest providers of integrated infrastructure services to natural gas and electric industries, in its acquisition of Feeney Utility Services Group.
  • Domtar in its $3 billion sale to Paper Excellence.
  • Kelso & Company in its acquisition of Ferraro Foods, a specialty foodservice distributor.
  • Clayton, Dubilier & Rice in its acquisition of Millennium Physician Group, one of the largest independent primary care practices in the country.
  • Domtar in the $920 million sale of its personal care business to American Industrial Partners.
  • J.P. Morgan Asset Management in a joint venture with Realterm Logistics to acquire a 53-property portfolio of last-mile logistic facilities located in 21 states across the U.S.
  • Kelso & Company in its investment in Inmark.
  • Individual FoodService, a Kelso & Company portfolio company, in its merger with Brady Industries.
  • Kelso & Company and US LBM in Bain Capital Private Equity’s acquisition of a majority interest in US LBM.
  • Artera, a Clayton, Dubilier & Rice portfolio company and one of the nation’s largest providers of integrated infrastructure services to natural gas and electric industries, in its acquisition of Otis Eastern Service.
  • Clayton, Dubilier & Rice in its $2.9 billion acquisition of White Cap, a leading distributor of specialty concrete and construction products, and its combination of White Cap with CSG, a leading U.S. distributor of specialty concrete and masonry accessories, for a total transaction value of approximately $4 billion.
  • The Special Committee of Liberty Broadband in Liberty Broadband’s $10.59 billion acquisition of GCI Liberty.
  • TPG in the sale of Adare Pharmaceuticals, a leading specialty contract development and manufacturing organization, to Thomas H. Lee Partners and Frazier Healthcare Partners and the related separation of Adare’s Eosinophilic Esophagitis product into a TPG-backed entity.
  • Clayton, Dubilier & Rice in its partnership investment in Cheney Brothers, a leading family-owned and operated regional food distributor serving the Southeastern United States.
  • PowerTeam Services, a Clayton, Dubilier & Rice portfolio company, in its purchase of Miller Pipeline and Minnesota Limited for $850 million in cash.
  • Clayton, Dubilier & Rice in its proposed $4 billion take private acquisition of Anixter International, a NYSE-listed company. (Terminated)
  • Reynolds Group and Closure Systems International (CSI) in their sale of CSI businesses and facilities to Cerberus Capital Management.
  • Clayton, Dubilier & Rice and BrandSafway in the $6.2 billion sale of BrandSafway to Brookfield Business Partners L.P. and CD&R Fund X.
  • Emergent Cold, an Elliott Management portfolio company, in its acquisition of New Orleans Cold Storage.
  • Pernod Ricard in its $223 million acquisition of Castle Brands.
  • One Rock Capital Partners in its acquisition of the Engineered Components and Systems segment of Actuant Corporation.
  • Manna Pro, a manufacturer and marketer of pet care and nutrition products and a Morgan Stanley Capital Partners portfolio company, in its acquisition of Hero Pet Brands.
  • HCA Healthcare in its $1.5 billion acquisition of Mission Health, a nonprofit North Carolina health system.
  • SunSource, a Clayton, Dubilier & Rice portfolio company, in its acquisition of United Distribution Group, one of the largest distributors of industrial components and assemblies in North America.
  • Ply Gem and Clayton, Dubilier & Rice in Ply Gem’s $5.5 billion stock-for-stock combination with NCI Building Systems.
  • A Japanese utility as a member of an investor group in the group’s acquisition of majority ownership interests in Kleen Energy Systems, LLC, which operates a 620-megawatt natural gas-fired power plant located in Middletown, Connecticut. As part of the transaction, an affiliate of Ares EIF will manage the Kleen Energy power plant on behalf of the investor group.
  • Pitney Bowes in the sale of its global production mail business to Platinum Equity.
  • NCI Building Systems in its unit purchase agreement with Environmental Materials, LLC.
  • Solenis, a Clayton, Dubilier & Rice portfolio company, in its combination with BASF's paper and water chemicals business.
  • Glendower Capital in its role as part of a consortium of blue-chip institutional investors to invest approximately $530 million in six companies controlled by Argonne Capital Group.
  • Cerberus Capital Management in its acquisition of Cyanco International, the largest global producer of sodium cyanide.
  • SunSource, a Clayton, Dubilier & Rice portfolio company in its acquisition of Ryan Herco Flow Solutions, a distributor of hydraulic and pneumatic fluid power products in the U.S. and Canada.
  • TPG and Welsh, Carson, Anderson & Stowe, with Humana, in their $1.4 billion acquisition of Curo Health Services.
  • Clayton, Dubilier & Rice in its acquisition of SunSource, a distributor of hydraulic and pneumatic fluid power products in the U.S. and Canada.
  • Atkore International, a Clayton, Dubilier & Rice portfolio company, in its $259 million secondary offering of common stock.
  • Barclays Capital, Credit Suisse and RBC as joint book-running managers in the $233.8 million secondary offering of common stock by GMS.
  • Morgan Stanley Private Equity in its acquisition of Manna Pro, a leading producer of nutritional supplements and other animal products, from Carlyle.
  • Clayton, Dubilier & Rice in its acquisition of a majority interest in American Greetings.
  • Clayton, Dubilier & Rice in its $2.4 billion take private of Ply Gem and acquisition of Atrium Windows & Doors, two leading building products companies.
  • TPG and Welsh, Carson, Anderson & Stowe in the $4.1 billion acquisition of Kindred Healthcare.
  • International Paper in the $1.8 billion combination of its North America Consumer Packaging business with Graphic Packaging.
  • Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the United States.
  • Tribune Media Company in its $6.6 billion sale, later terminated, to Sinclair Broadcast Group.
  • Clayton, Dubilier & Rice in the acquisition of Carestream Dental, an industry-leading provider of dental digital product lines and services, from Carestream Health/Onex.
  • Clayton, Dubilier & Rice and Brand Energy and Infrastructure Services in the merger of Brand Energy and Safway Group, forming the leading global industrial service business with over $5 billion in revenue.
  • Allergan in its $2.47 billion acquisition of ZELTIQ, a medical technology company focused on utilizing its proprietary CoolSculpting controlled-cooling technology platform, the sales leader in the fast-growing body contouring segment of medical aesthetics.
  • Allergan in its $2.9 billion acquisition of LifeCell Corporation, a regenerative medicine business.
  • Showa Denko in the U.S. aspects of its acquisition of SGL GE Holding.
  • Clayton, Dubilier & Rice in its acquisition of a controlling stake in Drive DeVilbiss Healthcare, a leading global manufacturer of medical products.
  • Canada Pension Plan Investment Board in its investment in convertible preferred equity securities of an affiliate of Advanced Disposal Services.
  • Greater Media in its $240 million sale to Beasley Broadcast Group.
  • Atkore International, a Clayton, Dubilier & Rice portfolio company, in its $192 million initial public offering.
  • Dover Corporation in its $780 million acquisition of Wayne Fueling Systems from Riverstone Holdings.
  • Johnson & Johnson in the sale to SK Capital Partners of its global narcotics business.
  • Hussmann, a Clayton, Dubilier & Rice portfolio company, in its $1.5 billion sale to Panasonic.
  • American Securities and P2 Capital Partners in their $855 million acquisition of Blount International.
  • Kelso & Company in its acquisition of the J.M. Smucker Company’s U.S. canned milk brands and operations.
  • PharMEDium, a Clayton, Dubilier & Rice portfolio company and the leading national provider of outsourced compounded sterile preparations to acute care hospitals in the United States, in its $2.6 billion sale to AmerisourceBergen.
  • Truck-Lite, a Kelso & Company portfolio company, in its sale to Koch Equity Development and BDT Capital Partners.
  • Lannett in its acquisition for $1.23 billion in cash, plus additional contingent consideration, of Kremers Urban Pharmaceuticals, the U.S. specialty generic pharmaceuticals subsidiary of global biopharmaceuticals company UCB.
  • Alliance Laundry Systems, an Ontario Teachers’ Pension Plan portfolio company, in the sale of majority interest to BDT Capital Partners.
  • Kelso & Company in its acquisition of US LBM Holdings, a building products distributor, from BlackEagle Partners.
  • Univar in its $885 million initial public offering and concurrent private placement of $350 million of shares to Temasek and the additional purchase of 5 million shares of Univar common stock from selling stockholders by Temasek.
  • UCI in the $257 million sale of its Wells vehicle electronics business to NGK Spark Plug Co.
  • Mitsui in the sale of Transfreight North America, a wholly-owned subsidiary that provides logistics services primarily to automotive manufacturers, to U.S.-based Penske Logistics.
  • Mitsui in its acquisition of a 20% limited partnership interest in Penske Truck Leasing Co., L.P., a full service truck leasing, truck rental and logistics business that mainly operates in the U.S., from General Electric Capital Corporation.
  • NCI Building Systems in its $245 million acquisition of CENTRIA.
  • Clayton, Dubilier & Rice in its acquisition of up to a 49% stake in NYSE-listed CHC Group, the world's largest commercial helicopter operator with an enterprise value of $1.9 billion.
  • Chemtura in the $1 billion sale of its agrochemicals business, Chemtura AgroSolutions.
  • Clayton, Dubilier & Rice in its $1.8 billion acquisition of Ashland Water Technologies.
  • Traxys Group in its agreement to sell a majority interest to Carlyle and Louis Bacon.
  • Forest Laboratories in its $2.9 billion acquisition of Aptalis, a gastrointestinal and cystic fibrosis company, from TPG.
  • Clayton, Dubilier & Rice in its acquisition of PharMEDium, a leading provider of sterile compounding services to hospital pharmacies.
  • American International Group in the $7.6 billion sale of its 100% interest in International Lease Finance Corporation to NYSE-listed AerCap Holdings N.V.
  • Clayton, Dubilier & Rice in its acquisition of a 60% stake in John Deere Landscapes, a unit of Deere & Company’s Agriculture & Turf segment, in a transaction valued at $465 million.
  • Tribune Media Company in its spin-off of Tribune Publishing Company.
  • Tribune Media Company in its $2.7 billion acquisition of Local TV Holdings.
  • Clayton, Dubilier & Rice in its acquisitions of Brand Energy and Harsco Infrastructure in a combined transaction valued at $2.5 billion.
  • Mitsui in establishing a significant joint venture with Celanese to manufacture methanol at Celanese’s plant in Clear Lake, Texas.
  • Kelso & Company in its acquisition of PowerTeam Services, a provider of infrastructure services to the gas and electric utility industry.
  • Kelso & Company in its all-cash offer for EACOM Timber Corporation.
  • AssuraMed in its $2 billion sale to Cardinal Health.
  • Kelso & Company in its acquisition of Power Holdings, comprised of sister companies T&D Solutions and Associated Diversified Services, which offers a full range of outsourced maintenance and construction services to the electric utility industry, from Huntsman Gay.
  • Reynolds Group in its $3.25 billion offering of 5.75% senior secured notes due 2020, at the time the third-largest single-tranche issue on record in the high-yield market and the largest issue since 2008.
  • Kelso & Company, as a member of an investor group, in the $3.3 billion acquisition of energy pipeline and infrastructure assets from Kinder Morgan Energy Partners.
  • Clayton, Dubilier & Rice in its $1.05 billion acquisition of a majority ownership stake in Wilsonart International Holdings, the decorative surfaces unit of Illinois Tool Works.
  • Footprint Power in its acquisition of the Salem Harbor Power Station, a coal- and oil-fired power station, from Dominion Energy Inc. and subsequent development loan from Macquarie.
  • International Paper in its $470 million sale of three containerboard mills.
  • Clayton, Dubilier & Rice in its acquisition of Roofing Supply Group, a distributor of residential and non-residential roofing materials.
  • Diamond Castle in its sale of York Label Group to Multi-Color Corporation.
  • International Lease Finance Corporation in its $228 million acquisition of AeroTurbine from AerCap.
  • Mitsui in its joint venture with The Dow Chemical Company to produce biopolymers made from renewable, sugarcane-derived ethanol in Brazil.
  • Rank Group in its $950 million acquisition of Honeywell’s automotive consumer products group.
  • Reynolds Group in its $6 billion acquisition of Pactiv, a NYSE-listed global manufacturer and supplier of consumer food and beverage packaging and storage products.
  • Reynolds Group in its $4.5 billion acquisition of Graham Packaging Company.
  • Reynolds Group in its acquisition of Dopaco, a food service packaging company.
  • International Paper in its $4.3 billion acquisition of Temple-Inland.
  • Clayton, Dubilier & Rice in its acquisition of a 60% stake in Hussmann International, a leading global manufacturer of refrigerated display merchandizing equipment and refrigeration systems for the retail food industry, from Ingersoll Rand.
  • Clayton, Dubilier & Rice in its acquisition of a 42.5% stake in Univar, a global distributor of commodity and specialty chemicals, in a sponsored recapitalization transaction valuing Univar at $4.2 billion.
  • Clayton, Dubilier & Rice in its $1 billion acquisition of a 51% ownership stake in Tyco International’s Electrical and Metal Products business.
  • Mitsui in its joint venture with Dow Chemical to construct, own and operate a membrane chlor-alkali facility in Freeport, Texas.
  • A large Japanese investor in a significant investment in the U.S. Marcellus shale gas formation.
  • Kelso & Company in its investment in Truck-Lite.
  • Kelso & Company in its acquisition of Logan's Roadhouse, a casual dining restaurant chain, from an investor group led by Bruckmann, Rosser, Sherrill & Co.
  • Rank Group in its $980 million acquisition of UCI International, a North American automotive products business.
  • Reynolds Group in its $1 billion senior notes issuance and a $800 million term loan senior secured financing for the acquisition of the Evergreen businesses and the Whakatane Mill.
  • Hertz Global Holdings in its $2.3 billion acquisition of Dollar Thrifty Automotive Group.
  • BWAY Holding Company in its $915 million sale to Madison Dearborn Partners.
  • Clayton, Dubilier & Rice in its $250 million PIPE investment in NCI Building Systems.
  • Clayton, Dubilier & Rice in its 46% investment in JohnsonDiversey, a transaction valued at $2.6 billion.
  • Oaktree Capital Management with Avenue Capital and Lowe Hospitality Group, in acquiring the assets of Sea Island Company.
  • Reynolds Group in its acquisition of Reynolds Consumer Products and Closure Systems International and the associated financings and refinancings, a group of transactions valued at $3.2 billion.
  • The Rank Group in its $2.7 billion purchase of Alcoa's packaging and consumer businesses, its acquisition of Blue Ridge Paper Products and its acquisition of the beverage packaging division of International Paper.
  • A consortium that includes CAI Capital Partners, Goldman Sachs Capital Partners, Kelso & Company and Vestar Capital Partners, in its $3.3 billion going private acquisition of CCS Income Trust, a Canadian company providing waste management services to the oil industry.
  • Pernod Ricard in its $575 million sale of the Wild Turkey business to Gruppo Campari.
  • Carlyle in its $1.5 billion acquisition of Niagara Holdings and PQ Corporation from J.P. Morgan Partners and PQ Corporation’s follow-on acquisition of the INEOS Silicas business from INEOS Group.
  • Phelps Dodge in numerous transactions, including its $26 billion merger with Freeport-McMoRan and its $40 billion merger (later terminated) with Canadian mining companies Inco and Falconbridge; its $600 million sale of Columbian Chemicals, a leading manufacturer of rubber and carbon black products, to One Equity Partners and DC Chemical; its sale of its North American magnet wire assets to Rea Magnet Wire; and in the debt financing facilities totaling $450 million for the $850 million expansion of the Sociedad Minera Cerro Verde (Cerro Verde) copper mine near Arequipa, Peru.
  • EDO Corporation in its $1.7 billion acquisition by ITT Corporation.
  • Freeport-McMoRan Copper & Gold in the $735 million sale of its cable and wire division to General Cable.
  • Clayton, Dubilier & Rice in its $7.1 billion acquisition with Kohlberg Kravis Roberts of U.S. Foodservice from Royal Ahold NV.
  • Domtar in its $6 billion combination with Weyerhaeuser's fine paper business in a "reverse Morris Trust" transaction; the new Domtar became the largest manufacturer of uncoated freesheet paper in North America.
  • EBG Holdings in its $5 billion merger with Astoria Generating Company Holdings.
  • VWR International, a Clayton, Dubilier & Rice portfolio company, in its $4 billion sale to Madison Dearborn Partners.
  • Clayton, Dubilier & Rice, Carlyle and Merrill Lynch Private Equity in the senior credit and high yield financings of the $15 billion acquisition of The Hertz Corporation.
  • Ripplewood Holdings in its $3.4 billion acquisition of RSC Equipment Rental from Atlas Copco.
  • Rexel in its $725 million acquisition of GE Supply from General Electric.
  • Kelso & Company in its over $700 million leveraged buyout, with Goldman Sachs Capital Partners, of a majority equity stake in Coffeyville Resources, an oil refinery in Kansas.