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CD&R, AXA PE Buy SPEI For €2.1B

Clayton, Dubilier & Rice has completed the acquisition of French multi-technical services company SPIE.

Clayton, Dubilier & Rice (CD&R) has completed the acquisition of French multi-technical services company SPIE. The seller PAI partners, a European private equity firm, has obtained a total of €2.1 billion from the sale.

The private equity investment firm partnered with AXA Private Equity and Caisse de depot et placement du Quebec (CDPQ) for the acquisition. CD&R invested approximately €510 million in the transaction, whereas AXA and CDPQ each invested about €140 million.

Click here for the release from PR Newswire.

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