American Greetings bags financing for CD&R takeover

Greetings card company American Greetings, which owns brands such as Papyrus and Carlton Cards, has obtained financing from a consortium of banks to finance Clayton, Dubilier & Rice’s acquisition of a 60% stake in the privately owned firm.

  • By David Bell
  • 13 Feb 2018
CD&R and American Greetings announced on Tuesday that CD&R would acquire a 60% stake in the greetings card company, which was taken into private ownership in 2013 by the Weiss family, which founded the firm. The buyout was reportedly worth $878m and was financed with a $400m term ...

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