The London office of Debevoise & Plimpton LLP is advising Clayton, Dubilier & Rice (CD&R) in the financing aspects of its announced exclusive discussions for the acquisition of BUT, the largest furniture retailer network in France.

The proposed acquisition is structured as a 50:50 partnership between CD&R-managed funds and WM Holding, a company related to the XXXLutz Group, one of Europe’s three largest furniture retailers.