Carlyle to Buy Airfield Lighting Group ADB Safegate


U.S. buyout firm Carlyle Group LP (CG.O) said it agreed to buy airfield lighting group ADB Safegate from private equity group PAI Partners.

Financial terms of the deal were not disclosed.

Reuters reported last week that Caryle was buying ADB Safegate at a valuation of about 900 million euros ($1.03 billion) including debt.

PAI Partners bought ADB from peer investor Montagu in 2013 for 208 million euros.


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