Experience

• • Clayton, Dubilier & Rice in the financing aspects of its bid for a controlling stake in Opella, the French-headquartered consumer healthcare company, valuing the company at c.€16 billion.
  • Clayton, Dubilier & Rice in its strategic partnership with Elevance Health, which will bring together certain care delivery and enablement assets of Elevance’s Carelon Health and CD&R portfolio companies, apree health and Millennium Physician Group.
  • Clayton, Dubilier & Rice in the formation of Clayton, Dubilier & Rice Fund XII, an approximately $26 billion fund, its largest fund to date.
  • Discovery, Inc. in the offering of $30 billion of senior unsecured notes in the acquisition of WarnerMedia.
  • International Paper, a global producer of renewable fiber-based packaging and pulp products, in the separation and spin-off of its global printing papers business, Sylvamo, and related financing arrangements.
  • Warner Music Group in its private offering of €445 million euro-denominated senior secured notes.
  • Carlyle, as majority owner of Syniverse, in the financing aspects of Syniverse’s $2.85 billion merger, later terminated, with special purpose acquisition company M3-Brigade Acquisition II Corp. resulting in Syniverse becoming a publicly traded company.
  • Ambac in the issuance and sale by Sitka Holdings, its newly formed special purpose entity, of its $1.175 billion aggregate principal amount of LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026.
  • Carlyle, as majority owner of Syniverse, in the financing aspects of Twilio’s $750 million investment in Syniverse.
  • Clayton, Dubilier & Rice in the formation of Clayton, Dubilier & Rice Fund XI, a $16 billion North America and Western Europe fund.
  • Clayton, Dubilier & Rice in its £308 million acquisition of Wolseley UK, a leading distributor of plumbing, heating and climate products.