Clayton, Dubilier & Rice exits Sally Beauty with $1.9 billion in proceeds
New York -- Private equity firm Clayton, Dubilier & Rice said Monday it has exited its investment in Sally Beauty Holdings with $1.9 billion in proceeds. CD&R sold all of its 86 million Sally common shares at an average price of $22.68. In 2006, CD&R invested $571 million to acquire 47.5% of Sally Beauty Holdings, from The Alberto-Culver Co. in a leveraged spin-off transaction. All remaining shares were spun off to then-current Alberto-Culver shareholders.