Market Overview

Carlyle Group Completes Sale of Metaldyne to American Securities

Carlyle Group today completed the
sale of Metaldyne, LLC, a global manufacturer of highly engineered
metal-based components for light vehicle engine, transmission and
driveline systems, to an affiliate of American Securities LLC. Financial
terms of the transaction were not disclosed.

Carlyle Strategic Partners II, a $1.35 billion distressed investment
fund, led a group of creditors in the purchase of Metaldyne in October
2009, and partnered with Metaldyne's management on the company's
successful recovery. Since Carlyle's acquisition, Metaldyne has grown
revenue by approximately 70 percent and employment by approximately 30
percent.

Michael Stewart, Carlyle Managing Director and Co-Head of Carlyle

See full press release

Posted-In: News Guidance Asset Sales Management M&A Global

 

Related Articles (CG)

Around the Web, We're Loving...

Get Benzinga's Newsletters