Commitment to Walker Guidelines

CD&R LLP is a UK Financial Conduct Authority (FCA) regulated entity, based in London. CD&R LLP provides investment advisory and other services to Clayton, Dubilier & Rice, LLC, which manages a number of private equity investments. The advisory services provided by CD&R LLP comprise advice and support in connection with the investigation, structuring, financing, monitoring, reporting and disposition of U.K. and other European investments and investment opportunities.

CD&R LLP is committed to promoting greater transparency in the private equity industry. CD&R LLP conforms to the Walker Guidelines for Disclosure and Transparency in Private Equity on a comply or explain basis and works with CD&R’s U.K. portfolio companies to do the same, to the extent applicable. CD&R LLP ensures timely and effective communication with portfolio company employees, in particular at times of strategic significance, including any transactions involving that particular portfolio company, to the extent confidentiality constraints permit.

Over the period 2012 to 2022, the average holding period for our European private equity investments was 3 years.

CD&R’s U.K. team is led by Co-President David A. Novak and partners Vindi Banga, Romain Dutartre, Marco Herbst, Björn Killmer, Gregory Lai, Roberto Quarta, Christian Rochat and Eric Rouzier. Please see the Team section of this site for more information regarding CD&R’s professionals.

CD&R does not have the authority to enter into contracts or make investment decisions on behalf of any CD&R managed fund. CD&R has in place a variety of policies and procedures designed to address any conflicts of interest that may arise.

CD&R LLP manages capital on behalf of institutions and individuals worldwide. The firm’s relationships with limited partners, which include prominent university endowments, foundations, public pension funds, corporate pension funds, sovereign wealth funds, financial institutions, and family offices, are guided by an unwavering commitment to alignment and transparency.

More information about CD&R LLP’s investors can be found at

The UK Portfolio Companies which are required to comply with the Walker Guidelines as of 1 April 2024 are as follows:
Westbury Street Holdings
Motor Fuel Group
Inizio (fka Huntsworth)

For details of these companies, and for a complete list of investments since 2009, see our Investment Portfolio at