Back to News
Mergers & Acquisitions

Drinks With The Deal: Debevoise's Paul Bird

|
Published: January 22nd, 2021
Debevoise's Paul Bird discusses his work for Clayton, Dubilier & Rice and Aveva's purchase of OSIsoft on the latest episode of the Drinks With The Deal podcast.

Doing deals for Clayton, Dubilier & Rice LLC has been a constant in Paul Bird’s career, the Debevoise & Plimpton LLP partner said on this week’s Drinks With The Deal podcast.

As an associate, he helped advise the New York private equity sponsor on its purchase of IBM Corp.’s (IBM) printer, typewriter and keyboard business for $1.5 billion in 1991 to create Lexmark, Big Blue’s first major divestiture and a signature deal for CD&R. This summer, he represented CD&R on its simultaneous purchases of the White Cap construction and industrial business from HD Supply Holdings Inc. (HDS) for $2.9 billion and of Construction Supply Group, a distributor of specialty concrete and masonry accessories owned by Sterling Group LP.

The Lexmark deal, Bird said, was a transaction that required sales of related divisions around the world. The White Cap transaction had its own complexities, since Debevoise had to run parallel teams on the White Cap and CSG deals and coordinate the financing for both deals.

Bird also represents a number of corporate clients, including Schneider Electric SE. He advised the French energy management and automation company on one of its early major software deals, the $2 billion takeover of Spanish industrial software business Telvent GIT SA in 2011. In August, he counseled Aveva plc, in which Schneider holds a 60% stake, on its $5 billion acquisition of OsiSoft LLC.

When not signing up deals during the pandemic, Bird has relaxed by running, fishing and watching the Frick Museum’s “Cocktails With a Curator” series. He particularly enjoyed Xavier Salomon’s discussions of Holbein’s portrait of Thomas More and Bertoldo di Giovanni’s medal depicting an attempted coup against the Medicis in Florence.

More podcasts from The Deal are available on iTunesSpotify and on TheDeal.com.

More From Mergers & Acquisitions

Activism

The Deal Honors Top Women in Dealmaking

By The Deal Staff
|
Published: January 24th, 2021
The Deal honors exemplary women in the legal profession with a focus on M&A, private equity, restructuring and activist investing in this year's Top Women in Dealmaking list.
Mergers & Acquisitions

Drinks With The Deal: Goodwin Procter's Stuart Cable

By David Marcus
|
Published: January 7th, 2021
The vice chair and head of M&A discusses building the firm's biotech practice, helping Covid-19 vaccine developer Moderna grow over the years and recent transformational deals in the latest episode of the podcast.
Mergers & Acquisitions

Drinks With The Deal: Bryan Cave's Stephanie Hosler

By David Marcus
|
Published: December 18th, 2020
Hosler, who heads Bryan Cave Leighton Paisner's corporate and finance transactions group, talks about her experiences as a Latina M&A lawyer and her desire to help create a more diverse workplace on the latest Drinks With The Deal podcast.