Clayton, Dubilier & Rice Fund XII, a fund managed by Clayton, Dubilier & Rice, LLC, entered into a definitive agreement to acquire an unknown majority stake in Presidio, Inc. from BC Partners on April 2, 2024. As part of the transaction, funds affiliated with BC Partners will retain minority ownership interest in Presidio. CD&R Operating Partner Bill Berutti will serve as Chair of Presidio's Board of Directors.

The transaction is subject to Competition and Consumer Protection Commission review and approval. The transaction is expected to close in the second quarter of 2024, subject to customary closing conditions. J.P. Morgan Securities LLC, Citi, Wells Fargo, RBC Capital Markets LLC, BNP Paribas Securities Corp., UBS Investment Bank and Deutsche Bank Securities Inc. provided financing and served as financial advisors to CD&R. Kevin Schmidt, Katherine Durnan Taylor, Molly Stockley, Brett Novick, Jeffrey Ross, Erin Cleary, Henry Lebowitz, Anne-Mette Heemsoth, Rick Sofield and Erin Cleary of Debevoise & Plimpton LLP served as legal advisor to CD&R. Guggenheim Securities, LLC and LionTree Advisors served as financial advisors to BC Partners and Kirkland & Ellis LLP acted as legal advisor.