Dave Novak, Co-President of CD&R, recently appeared on the Money Maze Podcast to discuss the evolution of private equity over the past four decades, and how it can drive business efficiency and value creation.

Speaking to Simon Brewer, Co-Founder and Host of the Money Maze Podcast, Mr. Novak highlighted the various ways private equity can drive growth through the release of strategic capital and partnering with management teams and family owners:

“Private equity is facile at efficient capital structures. Getting the mix of debt and equity right to facilitate growth, and having a governing mechanism, is important. You can work very closely with the management team, agree on strategy, agree on tactics, and go forward together.”

In the podcast, Mr. Novak also discussed his career in private equity, the history of CD&R, and gave insights into some of the Firm’s European investments. The full episode can be found here.

Mr. Novak joined CD&R in 1997 and has spent the majority of his 25-year tenure with the Firm based in London. He is responsible for the Firm’s European business and international activities.

About The Money Maze Podcast
Created by two financial industry veterans, this show aims to explore and unravel the mysteries surrounding the investing business. Through insightful interviews with masters of the real life money maze, it seeks to help listeners understand different approaches to allocating capital, making business decisions, and navigating the path to prosperity.

About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses across a broad range of industries, including Industrials, Healthcare, Consumer, Technology and Financial Services. Since its inception in 1978, CD&R has managed the investment of more than $40 billion in over 100 companies with an aggregate transaction value of more than $175 billion. For more information on CD&R, please visit www.cdr-inc.com and follow the Firms activities through LinkedIn and @CDRBuilds on Twitter.