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Private equity player Clayton, Dubilier & Rice completed its acquisition of David’s Bridal Inc.

 

The deal closed Thursday and values the 305-door bridal retailer at $1.05 billion. Terms of the agreement were not disclosed, but Leonard Green & Partners will carry on as a minority investor.

 

Paul Pressler, former chief executive officer of Gap Inc. and an operating partner at Clayton, Dubilier, was named chairman. Robert Huth continues on as ceo.

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