Clayton, Dubilier & Rice to buy David's Bridal

Private equity firm Clayton, Dubilier & Rice is buying David's Bridal Inc. in a deal that values the private company at about $1.05 billion. Los Angeles private equity firm Leonard Green & Partners, which bought the retailer in 2006, will remain a minority partner in the company. David's Bridal produces and sells bridal and special-occasion apparel and accessories through a network of more than 300 stores in North America.

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