CD&R to Acquire 60% Stake in Hussmann Parent

Following the closing, CD&R will own cumulative convertible participating preferred stock initially representing 60% of Hussmann Parent, while Ingersoll-Rand will retain a 40% common equity stake. The deal includes a $370 million cash payment and common stock consideration.

“Immediately following the closing of the Share Purchase, CD&R will own cumulative convertible participating preferred stock of Hussmann Parent (the “Preferred Stock”), initially representing 60% of the outstanding capital stock (on an as-converted basis) of Hussmann Parent, and IR (or its affiliates) will own all of the Common Stock, representing the remaining 40% of the outstanding capital stock (on an as-converted basis) of Hussmann Parent.”

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