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New Deal


Announced

Clayton, Dubilier & Rice to invest $105m in SIG.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

roofing products

insulation materials

Building Roofing/Wallboard and Plumbing

United Kingdom

Pending

Friendly

Acquisition

Single Bidder

Private Equity

Public

Synopsis

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Clayton, Dubilier & Rice, a private equity firm, agreed to invest $105m in SIG, specialist building products supplier. CD&R’s investment is part of a wider equity raise proposed by SIG, worth approximately $185.4m. The investment has a guaranteed minimum of $89.5m, conditional on the total amount of equity being raised and satisfactory amendments to the group’s financing facilities being agreed,. “I am pleased to welcome Clayton, Dubilier & Rice, an experienced business builder in our industry, as an investor, and we look forward to working with the CD&R team,” Steve Francis, SIG CEO.

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