Clayton, Dubilier & Rice Fund Completes Investment in Guidance Solutions

    NEW YORK, Dec. 30 /PRNewswire/ -- Clayton, Dubilier & Rice, Inc. ("CD&R")
 announced today that a fund it manages has completed a $27 million first round
 investment in Guidance Solutions, Inc. ("Guidance"), a leading online business
 developer and e-business incubator based in Marina Del Rey, California.  CD&R
 expects to invest an additional $8 million in Guidance.  A fund managed by BCI
 Partners, a media and technology focused venture capital firm, also completed
 a first round investment of $8.0 million in Guidance and expects to invest an
 additional $3.6 million.
     Guidance is focused on transitioning traditional businesses and existing
 brands into successful online businesses.  The company maintains an equity
 stake in a number of the online ventures it helps to establish, creating a
 portfolio of companies in different market segments.  Currently it has
 minority equity stakes in a number of Internet enterprises and is evaluating
 additional ventures.  Guidance was founded in 1993 by two former employees of
 Cambridge Technology Partners and Sun Microsystems.
     Commenting on the investment, Jim Rogers, a principal of CD&R, said, "This
 investment will advance our strategy to help our portfolio companies fashion
 the appropriate strategies to capitalize on e-commerce growth opportunities."
     Earlier this week, CD&R announced an agreement will Allianz Capital
 Partners, an affiliate of Allianz Group, to acquire Fairchild Aerospace Corp.
 in a transaction valued at approximately $1.2 billion.  In the Internet area,
 a CD&R Fund recently made a $25 million investment to finance the launch of
 TheSauce.com, an Internet-based solution that emerged from a major
 e-commerce initiative at Alliant Foodservice, Inc., a $6 billion in revenues
 foodservice distributor that is majority-owned by a CD&R-managed fund.
 
     About Clayton, Dubilier & Rice, Inc.
     Clayton, Dubilier & Rice, Inc.  is a private investment firm that manages
 a $3.5 billion pool of equity capital on behalf of public and private pension
 funds, college endowments, private foundations, banks, and insurance
 companies.  Since its founding in 1978, the firm has led investments in
 31 businesses, with aggregate annual sales of over $21 billion.  It has
 offices in New York and London. To learn more about CD&R, visit
 http://www.cdr-inc.com.
 
     About BCI Partners
     BCI Partners, founded in 1983, is a leading multi-stage investor in
 technology, communications, media & entertainment, and business services.  The
 firm, with over $900 million under management, has backed industry leading
 Internet companies including EC Cubed, Savvis Communications, Corillian, VIA
 NET.Works, and Naviant.  To learn more about BCI Partners, visit
 http://www.bcipartners.com.
 
     About Guidance Solutions, Inc.
     Guidance Solutions is a leading online business developer and e-business
 incubator that transcends the common business-vendor relationship, providing
 greater value for traditional companies seeking to develop e-businesses.
 Guidance partners in select cases, with traditional companies and existing
 brands, deploying human and development capital in return for an ownership
 stake in the new e-business.  Guidance's venture partners receive the benefit
 of maintaining control of their online business development, as well as an
 experienced team with a vested interest in building competitive e-businesses.
 To learn more about online business development, visit
 http://www.guidance.com.
 
 

SOURCE Clayton, Dubilier & Rice, Inc.

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