Announced
Completed
Financials
Sources
RNS Announcement
Clayton Dubilier & Rice -
RNS Announcement
Clayton Dubilier & Rice -
Update on letters of intent
Clayton Dubilier & Rice -
Update on irrevocable undertakings
Clayton Dubilier & Rice -
Update on letters of intent
Clayton Dubilier & Rice -
Update on letters of intent
Clayton Dubilier & Rice -
Update on Arrangements for Meetings
Huntsworth -
Satisfaction of Russian Antitrust Condition
Clayton Dubilier & Rice -
Offer update: Antitrust clearance
Huntsworth -
Scheme of Arrangement becomes effective
Huntsworth -
Completion Announcement
Clayton Dubilier & Rice -
RNS Announcement
Clayton Dubilier & Rice -
Tags
public relations consultancy
Majority
Single Bidder
Management Consulting
Private Equity
Acquisition
Friendly
United Kingdom
Public
Completed
Tender Offer
Privatisation
Cross Border
Synopsis
Private equity firm Clayton, Dubilier & Rice completed the acquisition of Huntsworth, a healthcare communications and public relations group, for $670m. The offer represented a premium of approximately 50% to the closing price per Huntsworth Share on March 2, 2020. "Huntsworth has transformed over the past few years into a growing and dynamic healthcare and communications group. Our strategic focus has always been on investing to develop a full service, digitally-driven offering to support our customers. Whilst we believe that Huntsworth is strongly positioned as an independent listed company, the all-cash offer from CD&R represents a compelling opportunity for shareholders to realize an attractive cash value in respect of their shares. In addition, the Board believes CD&R will be an excellent partner for Huntsworth, its employees and customers," David Lowden, Huntsworth Chairman.
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