A subsidiary of New York City-based private equity giant Clayton, Dubilier & Rice looks set to acquire Dublin-based health services group UDG Healthcare following a £2.6 billion cash offer to buy the firm, CityAM has reported.
UDG Healthcare is a healthcare services partner that provides a variety of clinical, commercial, communication, and packaging services thorough its Ashfield sand Sharp brands.
Nenelite, an Ireland-based affiliate of Clayton, Dubilier & Rice, announced the proposed deal, which is expected to complete in the third quarter of this year if the shareholders agree.
Clayton, Dubilier & Rice partner Eric Rouzier said: “UDG has long established itself as a leading provider of high-value services to pharma and biotech companies globally, supported by a highly skilled workforce. CD&R has a strong record in partnering with management teams and we look forward to working with the UDG team to build on their success and help accelerate UDG’s growth and the development of its services offering to clients.”
Date published: May 13, 2021