(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-It’s a match made in heaven. Clayton, Dubilier & Rice, a Park Avenue-based private equity firm with an aggregate transaction value of more than $80 billion in the US and Europe, has said “I do” and entered a definitive agreement to acquire specialty wedding retailer David’s Bridal Inc. in a transaction valued at $1.05 billion.

Under the terms of the agreement, a company spokesman confirms to GlobeSt.com in an e-mail that CD&R is investing in the entire David’s Bridal business, which includes over 300 US and five Canadian retail stores. Also as part of the deal, Los Angeles-based Leonard Green & Partners LP will maintain its role as a minority partner in the retailer, but CD&R declined to disclose the company’s stake in the transaction, and a call to Leonard Green regarding the financial terms of the contract went unreturned in-time for press.