3 Firms Drive $4B Deals Forming Building Supplies Giant
Law360 (August 11, 2020, 11:06 AM EDT) -- Clayton Dubilier & Rice, led by Debevoise & Plimpton, will buy HD Supply Holdings' North American specialty concrete and construction products business and merge it with Construction Supply Group in two transactions totaling roughly $4 billion that were also guided by Jones Day and McDermott Will & Emery, the companies said Tuesday.
Under the terms of the agreement, Clayton Dubilier & Rice LLC will buy the White Cap business from HD Supply Holdings Inc. for $2.9 billion in cash before combining it with The Sterling Group-backed Construction Supply Group, or CSG, according to a statement. The resulting entity will be 65% owned by funds affiliated with...
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