M&A Deal Summary

Bain Capital Private Equity, CD&R and The Carlyle Group Acquire HD Supply

On August 30, 2007, private equity firms Bain Capital Private Equity, CD&R and The Carlyle Group acquired distribution company HD Supply from The Home Depot for 8.5B USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 4th, CD&R’s 5th and The Carlyle Group’s 1st transaction in the Distribution sector.
  • This is Bain Capital Private Equity’s 6th, CD&R’s 5th and The Carlyle Group’s 7th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 45th, CD&R’s 13th and The Carlyle Group’s 175th transaction in the United States.
  • This is Bain Capital Private Equity’s 4th, CD&R’s 1st and The Carlyle Group’s 4th transaction in Georgia.
Investment Fate
  • HD Supply went public in 2013.
  • HD Supply was sold to a strategic buyer in 2020 for 8.0B USD.

M&A Deal Summary
Date 2007-08-30
Target HD Supply
Sector Distribution
Buyer(s) Bain Capital Private Equity
CD&R
The Carlyle Group
Sellers(s) The Home Depot
Deal Type Divestiture
Deal Value 8.5B USD

Target

HD Supply

Atlanta, Georgia, United States
HD Supply's headquarters in Atlanta, Georgia.
HD Supply's headquarters in Atlanta, Georgia.
HD Supply is a wholesale distributor of a broad range of products and services to professional customers in the infrastructure, energy, maintenance, repair & improvement, and specialty construction markets. HD Supply was founded in 2007 and is based in Atlanta, Georgia.

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Buyer(S) 3

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 64 of 236
Sector (Distribution) 4 of 11
Type (Divestiture) 16 of 37
State (Georgia) 4 of 9
Country (United States) 45 of 124
Year (2007) 10 of 11
Size (of disclosed) 6 of 72
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 Bavaria Yachtbau

Giebelstadt, Germany

Bavaria Yachtbau is a manufacturer of sailing yachts, motorboats and catamarans. Bavaria Yachtbau builds around 3,500 yachts per year. Bavaria Yachtbau was founded in 1978 and is based in Giebelstadt, Germany.

Buy €1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 IQVIA

Durham, North Carolina, United States

IQVIA is a provider of advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. IQVIA was founded in 2016 and is based in Durham, North Carolina.

Buy $3.0B
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 16 of 92
Sector (Distribution) 5 of 17
Type (Divestiture) 10 of 25
State (Georgia) 1 of 7
Country (United States) 13 of 67
Year (2007) 3 of 3
Size (of disclosed) 5 of 34
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-28 Exova Group

London, United Kingdom

Exova Group Ltd. is a provider of technical and engineering services to the aerospace, energy, oil and gas, civil engineering, transportation, fire, pharmaceutical, environmental, food and consumer products industries. Exova’s services include quality control, product accreditation, and specification compliance mission critical to its customers.

Buy -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 294 of 744
Sector (Distribution) 1 of 7
Type (Divestiture) 30 of 72
State (Georgia) 4 of 12
Country (United States) 175 of 349
Year (2007) 34 of 52
Size (of disclosed) 7 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-16 profine

Berlin, Germany

profine is a developer, manufacturer, and marketer of PVC frames for windows and doors. The Company also produces vinyl sheets as well as shutter systems. profine was founded in 2003 and is based in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Foresight Energy

St. Louis, Missouri, United States

Foresight Energy is a developer and operator of coal mines and related infrastructure. Through its subsidiaries, Foresight owns or controls more than three billion tons of coal reserves in the Illinois and Northern Appalachian coal basins. Foresight Energy was founded in 2006 and is based in St. Louis, Missouri.

Buy -

Seller(S) 1

SELLER

The Home Depot

Atlanta, Georgia, United States
Category Company
Founded 1978
Sector Retail
Employees475,000
Revenue 157.4B USD (2023)
DESCRIPTION
Entrance to Home Depot's corporate headquarters in Atlanta, Georgia.
Entrance to Home Depot's corporate headquarters in Atlanta, Georgia.

The Home Depot is a home improvement retailer. Home Depot operates more than 2,000 stores and home improvement centers across North America. The Home Depot was founded in 1978 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 2
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-17 Forest Products Supply

Sarasota, Florida, United States

Forest Products Supply is a family-owned and -operated building materials supplier. The company supplies lumber, doors, architectural millwork and windows.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-08 Harris Research

Logan, Utah, United States

Harris Research is a franchisor of in-home consumer services in the United States and internationally. Harris Research was founded in 1977 and is based in Logan, Utah.

Sell -
Mergr

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