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
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
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
SOURCE Clayton, Dubilier & Rice, Inc.