CD&R and TPG Capital to Acquire Covetrus in ~$4B Deal

Covetrus to Acquire VCP, Veterinary Wellness Plan Platform

June 30, 2021

Healthcare Services

Covetrus (NASDAQ: CVET) entered into a definitive agreement to acquire VCP, a veterinary wellness plan administration platform serving around 1,000 veterinary practices. The deal is expected to close in the third quarter, subject to customary closing conditions, and will be integrated with Covetrus’ practice management and prescription management software.

Clayton, Dubilier & Rice and KKR Acquire Cloudera for $5.3 Billion

October 8, 2021

Cloud & SaaS

Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all-cash transaction valued at approximately $5.3 billion, expected to close in the second half of 2021. The deal will take Cloudera private and provide $16.00 per share to shareholders, with Cloudera continuing to be led by CEO Rob Bearden.

Cencora and Covetrus to Merge with MWI Animal Health

February 18, 2026

Healthcare Services

Cencora and Covetrus have entered into a definitive agreement to merge Covetrus with MWI Animal Health (MWI), creating a comprehensive animal health platform. The transaction values MWI at an enterprise value of $3.5 billion, with Cencora receiving cash and preferred equity proceeds while retaining a non-controlling 34.3% common equity stake in the combined company.

TPG Capital to Acquire Convey Health Solutions in ~$1.1B Deal

June 22, 2022

Healthcare Services

TPG Capital, the private equity platform of TPG, announced it will acquire Convey Health Solutions Holdings in a definitive merger agreement valued at approximately $1.1 billion. Under the terms, TPG Capital will buy all shares not already owned by it or certain management and director shareholders for $10.50 per share in cash, with closing expected in the second half of 2022.

Clayton, Dubilier & Rice Acquires Veritiv Corporation

August 7, 2023

Packaging

An affiliate of private equity firm Clayton, Dubilier & Rice (CD&R) has completed the acquisition of Veritiv Corporation for $170.00 per share, valuing the company at approximately $2.6 billion. Veritiv, a leading North American distributor of packaging, JanSan/hygiene and print products headquartered in Atlanta, will become a privately held company under CD&R to pursue accelerated organic and inorganic growth and operational improvements.

CVC Adds Investment Partner Role Alongside CD&R as Epicor Gains Additional Ownership Position

August 13, 2024

Cloud & SaaS

Clayton, Dubilier & Rice (CD&R) and CVC announced that funds managed by CVC have agreed to acquire a significant ownership position in Epicor, a global industry-specific enterprise software and ERP SaaS provider. The transaction gives CD&R and CVC equal board representation, with Steve Murphy continuing as CEO and Jeff Hawn remaining Chairman.