Deal Announcement

PriestleySoundy advised Humphrey Singer in connection with his appointment as Chief Financial Officer of Belron.

Humphrey was Chief Finance Officer at Marks & Spencer, and before that Group Finance Director at Dixons Carphone.  Previously, he held a number of senior finance roles within Cadbury Schweppes and Coca-Cola Enterprises.

Belron is the worldwide leader in vehicle glass repair and replacement with unrivalled brands – including Carglass, Safelite and Autoglass.

In February 2018, D’Ieteren and Clayton, Dubilier & Rice (“CD&R”) completed the previously announced acquisition by CD&R-managed funds of a 40% ownership interest in Belron.  D’Ieteren and Belron’s management hold the remaining 60% ownership interest in the group.  At the time, Mark and Sarah advised Gary Lubner and his senior management team.

Founded in 1978, CD&R is a private investment firm. Since inception, CD&R has managed the investment of $25 billion in 78 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion.

D’Ieteren were advised by Cleary Gottlieb Steen & Hamilton, and CD&R were advised by Debevoise & Plimpton.

9th January 2020

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