Club deal Transaction
Definition
An acquisition involving multiple private equity firms.
Comments
Club deals allow private equity firms to pool capital and target investments that may otherwise be too large for just one firm.
A recent example of a club transaction involved Home Depot's 2007 sale of its supply business, HD Supply, to the private equity consortium of Bain Capital, The Carlyle Group, and Clayton, Dubilier, & Rice. Home Depot sold 87.5% of the unit for $8.5 billion.For profiles of 1,400+ private equity firms, including portfolio and professional info, please consider a free 30-day trial membership.
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