Clayton Dubilier & Rice

  • Overview

Turnaround titans

Clayton, Dubilier & Rice (CD&R) was founded in 1978.  Over its 30 years of operations, CD&R has invested $9 billion in 42 North American and European companies, making a name for itself as a "turnaround expert" with high-profile deals that took underperforming companies and transformed them into goldmines.  One textbook example of CD&R's turnaround prowess occurred in the early 1990s when the company brought Lexmark International (IBM's former typewriter division) into the technology age by re-launching it as a laser and inkjet printer company.  Perhaps, CD&R's most famous success story is the sale of printing giant Kinko's to FedEx for $2.4 billion in 2004.  CD&R acquired Kinko's in 1996 and was effective in streamlining and updating the company's business for maximum selling potential.

Currently, the firm is operating out of a $4 billion fund which primarily invests in major pension funds, university endowments and other leading financial institutions.

London calling

Though CD&R is based out of New York, its global division operates out of London.  The firm states on its website that "while CD&R acts and thinks as one firm united by a strong common culture, it has carefully staffed the London office to work effectively in culturally diverse markets."  This is reflected in the diversity of the London office which boasts staffers who have lived and worked in more than a dozen countries in Western Europe and Asia.  Cross-continental deals include the purchase of U.S. Foodservices from Dutch supermarket operator Royal Ahold and the acquisition of VWR International from Germany-based Merck KgaA and Rexel which the firm bought from French company Pinault-Printemps-Redoute.

New partners

CD&R welcomed a few new members to its relatively small family in 2008.  In June 2008, the firm made Fred Kindle, the former president and CEO of ABB Ltd., into a partner in a move aimed at strengthening the firm's European office.  Kindle's work in the field of turnarounds is well established, while acting as head of ABB, he boosted core operating sales and profitability substantially.  Another CEO and chairman also came on board in April 2008, Edward M. Liddy, former head of Allstate Corporation.  Liddy brings significant experience to the team, with more than eight years under his belt leading one of the largest automotive insurers in the world.



Clayton Dubilier & Rice


375 Park Avenue
18th Floor
New York, NY 10152
Phone: (212) 407-5200
Fax: (212) 407-5252
www.cdr-inc.com

STATS


  • Employer Type: Private
  • President & CEO: Donald J. Gogel
  • 2007 Employees: 15,500

Key Financials

  • 2007 Revenue: $1,100 million

SALARY FINDER

SALARY FINDER

Health Service Administrator

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  • 100+
Yearly Salary Range (US$ Thousands)