Carlyle Group Seeking Buyer For Arinc, Inc. (GS)

Bloomberg reports that private equity firm Carlyle group has hired Goldman Sachs (NYSE: GS) to look for buyers for Arinc, Inc.

Arinc’s sale may fetch Carlyle about $1 billion. Arinc is expected to attract interest from other private equity firms, according to people close to the situation, who declined to be identified as the plan has not yet been announced by Carlyle.

Private equity firms have found exiting their investments to be difficult this year as the IPOs market have dried up, and there is very little M&A activity going on at the moment.