Latham Advises on Financing for Clayton, Dubilier & Rice’s Acquisition of Presidio From BC Partners

Latham & Watkins advised the initial purchasers in an offering of US$750 million 7.500% Senior Secured Notes due 2031 by Fortress Intermediate 3, Inc., an indirect subsidiary of Clayton, Dubilier & Rice, supporting CD&R’s previously announced acquisition of a majority stake in Presidio, Inc. from BC Partners. Presidio is a leading global digital services and IT solutions provider accelerating business transformation through secured technology modernization in North America, Europe, and Asia-Pacific.

New York capital markets partner Erika Weinberg led the Latham team, with associates Sara Johnson, Isabelle Sawhney, and Richard Dacher. Advice was also provided on banking matters by New York partner Eugene Mazzaro, with counsel Clever Gallegos and associates Michaela Bolden and Fizza Hasan, and on tax matters by New York partner Bora Bozkurt, with associate Kathryn Harrington.