Clayton, Dubilier & Rice has purchased a majority stake in Roper Technologies‘ industrial businesses, including its entire process technologies segment.
The purchased businesses generated $940 million of revenue and $260 million of ebitda in 2021.
“This is the final step in our divestiture strategy to reduce the cyclicality and asset intensity of Roper,” said Neil Hunn, Roper Technologies’ CEO. “We are excited to partner with CD&R given their track record of successful corporate partnerships.”
Roper retained Evercore as its financial advisor in connection with this transaction. For CD&R, UBS Investment Bank, RBC Capital Markets, and BNP Paribas served as lead financial advisors and BMO Capital Markets, Mizuho Securities and Natixis provided advisory services. CD&R obtained committed financing from UBS AG, Royal Bank of Canada, BNP Paribas, BMO Capital Markets, Mizuho Bank and Natixis.