Sunday, 16 September 2012

Carlyle Group buys back aviation firm - Transport - ArabianBusiness.com

Carlyle Group, the US private-equity firm in which Abu Dhabi’s Mubadala Development Company owns a 7.5 percent stake, said it will buy aircraft maintenance services company Landmark Aviation from GTCR and Platform Partners.
Carlyle has previously owned Landmark, making it one of the rare instances where a private equity firm is buying back a company after disposing of it.
While the financial details of the deal were not disclosed, sources familiar with the matter told Reuters in August that the company could be worth as much as US$700m.

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