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The business went public in 2017, with BC Partners taking it private again in a $2.1bn deal two years later.
The sale to CD&R is the latest exit for BC Partners, which has returned more than $7.5bn to investors over the past 12 months after reducing its stake in US pet company PetSmart and striking a deal to sell Italian bakery company Forno D’Asolo to a rival buyout group.
Source: Private Equity Wire
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