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  • Matt Ting

Why Clayton, Dubilier & Rice for Private Equity? / Overview of Clayton, Dubilier & Rice


Overview


Clayton, Dubilier & Rice is a global pure private equity firm with offices in New York and London. CD&R is one of the oldest private equity firms, having started operations in 1978. CD&R has an AUM of $57.2B.


CD&R primarily invests in the private equity asset class, with its latest flagship fund raised at $16B in 2021. CD&R focuses on the industries of business services, consumer / retail, financial services, healthcare, industrials, and technology.


Clayton, Dubilier & Rice Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Clayton, Dubilier & Rice, you should make sure you know:


  • 1 deal that the investment team you are recruiting with has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.



Big 3 Qualitative Questions




Selected Transaction


Clayton, Dubilier & Rice partnered with TPG to acquire the remaining 75% stake in Covetrus, an animal health technology and services provider. The pair of private equity firms oversaw Covetrus' transformation from a $55mm online pharmacy to a global animal health leader with over $4.6B in revenue.

  • Transaction Description: TPG Capital Partners VIII and Clayton, Dubilier & Rice Fund XI, L.P., acquired the remaining 75.85% stake in Covetrus, Inc. (NASDAQ:CVET) from a group of shareholders at a 39% premium to the company's 30-day volume weighted average share price.

  • Transaction Date: Closed October 2022

  • Transaction Value: $4.2B post-closing enterprise value

  • Press Release


Fact Sheet


Clayton, Dubilier & Rice Logo

  • Company Name: Clayton, Dubilier & Rice

  • Description: Clayton, Dubilier & Rice is one of the oldest American private equity firms with nearly 100 investments

  • Firm Category: Private Equity / Upper Middle Market

  • Status: Clayton, Dubilier & Rice is a privately held company

  • Founded: 1978

  • Assets Under Management: $57.2B

  • Flagship Fund Size: Clayton, Dubilier & Rice Fund XI ($16B raised in 2021)

  • Chief Executive Officer: Nate Sleeper

  • Headquarters: New York City, USA


Resources


Clayton, Dubilier & Rice Glassdoor



Clayton, Dubilier & Rice Salary


Based on the H1B Database, the average base salary for an Associate at Clayton, Dubilier & Rice is $150k.