Willkie Farr Reps PAI In CD&R's $3B Spie Deal

Law360, New York (May 31, 2011, 12:46 PM EDT) -- A group led by private equity firm Clayton Dubilier & Rice LLC on Tuesday agreed to buy the French engineering firm Spie from PAI Partners for €2.1 billion ($3 billion).

Tuesday's announcement culminates a sales process for Spie that PAI, a French private equity firm, announced March 24. The consortium buying up the electrical and mechanical engineering firm, which also includes Axa Private Equity, the private equity arm of French insurer Axa SA, and Caisse de depot et placement du Québec, a Canadian fund manager representing...
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