CS First Boston will lead the financing to back Clayton, Dubilier & Rice Inc.'s $200 million buyout of Jafra Cosmetics International, a maker of personal care products, the company announced.

CS First Boston has made a commitment for a portion of the debt financing and delivered a "highly confident" letter for the subordinated debt portion of the financing.

New York-based Clayton Dubilier will invest $80 million in the deal, and CS First Boston will lead a package of financing to fund the rest of the purchase.

The buyout is expected to be completed in the second quarter,

Jafra, based in Westlake, Calif., is a unit of Gillette Co., Boston.

CS First Boston has worked with Clayton Dubilier in the past, most recently on its planned $900 million recapitalization of Dynatech Corp.

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