In early February of 2018, Clayton Dubilier & Rice announced that it would be acquiring American Greetings, the largest producer of greeting cards and social expression products in the world. Using its “operating LBO” approach, CD&R believed that American Greetings had several value-add and growth opportunities – despite being in a supposedly declining industry. Our team evaluates whether or not these opportunities match with sponsor ownership.
A copy of the discussion can be found here:
