Simpson Thacher Represents JPMorgan in Committed Financing for Clayton, Dubilier & Rice’s $2.5 Billion Acquisition of HD Supply Holding’s Waterworks Division
06.09.17
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The Firm represented JPMorgan Chase Bank, N.A. in connection with committed financing to Clayton, Dubilier & Rice in its announced acquisition of the Waterworks division of HD Supply Holding, Inc. (NASDAQ: HDS) for $2.5 billion.
The Waterworks division is a leading U.S. distributor of industrial and construction products used to build and maintain underground water, wastewater and drainage infrastructure networks. The division operates a national network of 244 branches in 46 states with a sales team of more than 1,700 sales representatives serving a diverse customer base of more than 37,000 municipalities, private water companies and professional contractors.
The Simpson Thacher team for the financing includes Bill Sheehan, Dan Kay and Mike Panzer (Banking and Credit); John Ericson, Sung Bum Cho and Brian Jones (Capital Markets); Edward Chung (M&A); Adeeb Fadil and Louise Kruger (Environmental); and Michael Badain (Tax).