CD&R To Buy $195M Hussmann Stake

Clayton, Dubilier & Rice is set to acquire a 60% stake in Hussmann International from Ingersoll-Rand.

Clayton, Dubilier & Rice (CD&R) is set to acquire a 60% stake in Hussmann International from Ingersoll-Rand. The private equity firm will pay a total of around $195 million for the acquisition.

JP Morgan Securities acted as financial adviser to Ingersoll Rand, while the buyer was represented by ING Capital, Rabo Securities USA, BMO Capital Markets, RBC Capital Markets and Natixis. CD&R has also secured committed financing from GE Capital, ING Capital, Rabobank, BMO Capital Markets, RBC Capital Markets and Natixis to fund the purchase.

Click here for the release from Clayton, Dubilier & Rice.