M&A Deal Summary

KKR and CD&R Acquire US Foods

On May 2, 2007, private equity firms KKR and CD&R acquired distribution company US Foods for 7.1B USD

Acquisition Highlights
  • This is KKR’s 1st and CD&R’s 4th transaction in the Distribution sector.
  • This is KKR’s 14th and CD&R’s 6th largest (disclosed) transaction.
  • This is KKR’s 30th and CD&R’s 12th transaction in the United States.
  • This is KKR’s 1st and CD&R’s 3rd transaction in Illinois.
Investment Fate
  • US Foods was divested to a strategic buyer in 2007 for 7.1B USD.
  • US Foods went public in 2016.
  • US Foods was sold to a financial buyer in 2020.
  • US Foods was sold to a financial buyer in 2023.

M&A Deal Summary

Date 2007-05-02
Target US Foods
Sector Distribution
Buyer(s) KKR
CD&R
Deal Type Divestiture
Deal Value 7.1B USD

Target

US Foods

Rosemont, Illinois, United States
Entrance to US Foods' headquarters in Rosemont, Illinois.
Entrance to US Foods' headquarters in Rosemont, Illinois.
US Foods is a food distributor to restaurants, healthcare and hospitality facilities, government operations and educational institutions. The Company offers more than 350,000 national brand products and our own high-quality private label items ranging from meats to produce to frozen foods. US Foods was founded in 2007 and is based in Rosemont, Illinois.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 56 of 483
Sector (Distribution) 1 of 4
Type (Divestiture) 12 of 53
State (Illinois) 1 of 7
Country (United States) 30 of 210
Year (2007) 5 of 15
Size (of disclosed) 14 of 104
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-26 Alliance Boots

Zug, Switzerland

Alliance Boots GmbH is an international pharmacy-led health and beauty group. Alliance Boots' pharmacy-led health and beauty retail businesses now operate more than 3,330 health and beauty retail stores in 11 countries and its pharmaceutical wholesale businesses supply medicines, other healthcare products and related services to more than 170,000 pharmacies, doctors, health centers and hospitals in 21 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Jazz Pharmaceuticals

Dublin, Ireland

Jazz Pharmaceuticals is a specialty biopharmaceutical company that identifies, develops, and commercializes products to address unmet medical needs in focused therapeutic areas. Jazz Pharmaceuticals was founded in 2003 and is based in Dublin, Ireland.

Sell -
Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 15 of 92
Sector (Distribution) 4 of 17
Type (Divestiture) 9 of 25
State (Illinois) 3 of 8
Country (United States) 12 of 67
Year (2007) 2 of 3
Size (of disclosed) 6 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-02 VWR International

Radnor, Pennsylvania, United States

VWR International LLC is a distributor of products, services and solutions to laboratory and production facilities. VWR enables science for customers in the pharmaceutical, biotechnology, industrial, education, government and healthcare industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Brakes Bros

Ashford, United Kingdom

Brakes Bros is a food supplier to caterers in the UK and France. Its strong understanding of the needs of the catering industry, combined with innovation in both products and service, has seen Brakes develop into the major supplier of frozen, fresh and ambient foods to caterers across the UK.

Sell -