CD&R’s European sourcing strategy focuses on:

  • Complex business transformations. We invest in public and private companies in need of transformation. CD&R brings special expertise and value to divestiture transactions, as evidenced by the firm’s purchase of Exova (based in the U.K. but with facilities across four continents) from Bodycote plc in October 2008, its purchase of U.S. Foodservice from The Netherlands-based Royal Ahold in July 2007 and its purchase of VWR International from Germany-based Merck KGaA in April 2004.
  • Global businesses. Rexel, acquired in 2005 from the French company Pinault-Printemps-Redoute, is the world’s leading distributor of electrical supplies. Diversey, a U.S.-based company acquired in 2009, conducted approximately three quarters of its business outside of North America.
  • Industries in which the Firm has prior experience. In 2002, CD&R bought Brakes – one of Europe’s largest foodservice distributors – following the Firm’s prior ownership of U.S.-based Alliant Foodservice. CD&R’s investment in Rexel leveraged its prior ownership of WESCO, a leading distributor of electrical products in North America. When in 2010 CD&R acquired BCA, it brought with it a wealth of knowledge around the vehicle auction business based in part on its experience with Hertz. CD&R’s insight into SPIE is greatly informed by the Firm’s prior investment in Rexel, an import supplier to SPIE.
  • Strategic portfolio company acquisitions. Under CD&R’s ownership, Rexel has pursued organic growth and profitability while executing targeted acquisitions. In 2006, CD&R helped the company gain a leadership position in North America by assisting with the sourcing of GE Supply. This one move validated CD&R’s long-term approach because CD&R had begun discussions with GE several years prior to the transaction. Similarly, in 2007, after having spent years evaluating Hagemeyer as a standalone investment, CD&R assisted Rexel in acquiring the company.

Note: For a complete list of new investments since 2001, see our Investments.

CD&R’s European sourcing strategy focuses on:

  • Complex business transformations. We invest in public and private companies in need of transformation. CD&R brings special expertise and value to divestiture transactions, as evidenced by the firm’s purchase of Exova (based in the U.K. but with facilities across four continents) from Bodycote plc in October 2008, its purchase of U.S. Foodservice from The Netherlands-based Royal Ahold in July 2007 and its purchase of VWR International from Germany-based Merck KGaA in April 2004.
  • Global businesses. Rexel, acquired in 2005 from the French company Pinault-Printemps-Redoute, is the world’s leading distributor of electrical supplies. Diversey, a U.S.-based company acquired in 2009, conducted approximately three quarters of its business outside of North America.
  • Industries in which the Firm has prior experience. In 2002, CD&R bought Brakes – one of Europe’s largest foodservice distributors – following the Firm’s prior ownership of U.S.-based Alliant Foodservice. CD&R’s investment in Rexel leveraged its prior ownership of WESCO, a leading distributor of electrical products in North America. When in 2010 CD&R acquired BCA, it brought with it a wealth of knowledge around the vehicle auction business based in part on its experience with Hertz. CD&R’s insight into SPIE is greatly informed by the Firm’s prior investment in Rexel, an import supplier to SPIE.
  • Strategic portfolio company acquisitions. Under CD&R’s ownership, Rexel has pursued organic growth and profitability while executing targeted acquisitions. In 2006, CD&R helped the company gain a leadership position in North America by assisting with the sourcing of GE Supply. This one move validated CD&R’s long-term approach because CD&R had begun discussions with GE several years prior to the transaction. Similarly, in 2007, after having spent years evaluating Hagemeyer as a standalone investment, CD&R assisted Rexel in acquiring the company.

Note: For a complete list of new investments since 2001, see our Investments.