Debevoise advises Clayton, Dubilier & Rice in agreement to acquire John Deere Landscapes
Debevoise & Plimpton has advised Clayton, Dubilier & Rice (CD&R) in its agreement to acquire John Deere Landscapes (JDL), a unit of Deere & Company’s agriculture and turf segment.
Deere will initially retain a 40 per cent ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465m (£290m).
The Debevoise team was led by partners Andrew L Bab and Margaret Andrews Davenport and included partners Peter F G Schuur, Jeffrey E Ross, Jeffrey P Cunard and Jonathan F Lewis and counsel Judith L Church.
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