Home Depot Inc., Atlanta, has agreed to sell its wholesale distribution business, HD Supply, to a group of private equity firms.
Clayton Dubilier & Rice Inc., Bain Capital Partners and Carlyle Group will pay $10.3 billion for the business. The deal is expected to close by the end of October, with all three private equity firms investing equal amounts of equity in the transaction.
“HD Supply enjoys premium positions in an attractive $400+ billion market where we have deep e
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