M&A Deal Summary

CD&R Acquires American Greetings

On February 13, 2018, private equity firm CD&R acquired consumer products company American Greetings

Acquisition Highlights
  • This is CD&R’s 3rd transaction in the Consumer Products sector.
  • This is CD&R’s 40th transaction in the United States.
  • This is CD&R’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2018-02-13
Target American Greetings
Sector Consumer Products
Buyer(s) CD&R
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Centerview Partners (Financial)
Jones Day (Legal)

Target

American Greetings

Cleveland, Ohio, United States
American Greetings is a creator and manufacturer of innovative social expression products that assist consumers in making the world a more thoughtful and caring place. The Company's major greeting card lines are American Greetings, Carlton Cards, Gibson, Recycled Paper Greetings and Papyrus, and other paper product offerings include DesignWare party goods and American Greetings and Plus Mark gift-wrap and boxed cards. American Greetings also has one of the largest collections of greetings on the Web, including greeting cards available at Cardstore.com and electronic greeting cards available at AmericanGreetings.com. American Greetings was founded in 1906 and is headquartered in Cleveland, Ohio, and its products can be found in retail outlets worldwide.

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Buyer(S) 1

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 56 of 92
Sector (Consumer Products) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Ohio) 2 of 4
Country (United States) 40 of 67
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-31 Ply Gem Industries

Cary, North Carolina, United States

Ply Gem Industries, Inc. is a manufacturer of building products in North America. Number one in vinyl siding and in vinyl and aluminum windows, Ply Gem produces a comprehensive product line of windows and patio doors, vinyl and aluminum siding and accessories, designer accents, cellular PVC trim and mouldings, vinyl fencing and railing, stone veneer, roofing and gutterware products, used in both new construction and home repair and remodeling across the United States and Canada.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 NaviHealth

Brentwood, Tennessee, United States

NaviHealth, Inc. is the largest manager of post-acute benefits for health plans and a leading value-based care partner to health systems and providers. naviHealth currently serves more than two million insured members and manages care transitions for approximately 800 acute hospitals and 11,000 post-acute care facilities nationwide.

Buy -
Mergr

Product

Company

Legal