HD Supply: The ‘White-Knuckle Deal’

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BusinessWeek just ran a couple of articles on Clayton, Dubilier & Rice, the private equity firm that joined with Bain Capital and the Carlyle Group to buy HD Supply. Due to a tightening in the credit markets, the trio will pay $8.5 billion instead of the original $10.3 billion price for the Home Depot wholesale unit.
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The first BW article was aptly titled, Private Equity’s White-Knuckle Deal,” and the other focuses on CD & R’s chairman Joseph L. Rice III, 75, who discusses how his firm years ago fell into the trap of buying into industries it did not understand and “embraced debt too enthusiastically.” (Read article)
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“White-Knuckle Deal” recounts in …

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