Carlyle will sell a 22% stake in Japanese crane maker Kito to Finland's leading crane maker Konecranes for over JPY 3 billion (USD 33 million). Carlyle originally invested in Kito through a take-private MBO in 2003. Kito went public again in 2007 and Carlyle sold approximately half of its stake during the IPO process but has been carrying about a 45% stake to date.
Carlyle also intends to sell further shares by applying for Kito's buyback of its own shares which was announced at the same time.
March 24, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment