Global alternative asset manager The Carlyle Group (CG) announced that a company wholly owned by funds it manages has signed an agreement to acquire Marelli Motori from Melrose Industries Plc (MRO.L) for 212 million euros.
The company said the transaction will be effected by the sale of Marelli Overseas Limited, the holding company of Marelli Motori. It is expected to close in August 2013.
The company noted that the Capital for this investment will come from Carlyle Europe Partners III L.P., a 5.3 billion Euro fund that makes mid- and large-cap investments.
Founded in 1891, Marelli Motori is a manufacturer of industrial generators and electric motors, serving worldwide markets for power generation, marine, oil & gas and industrial manufacturing.
In recent years the Company has seen significant growth in revenues, which grew to 149.1 million euros in 2012, an increase of 12.5% over the previous year and generating in 2012 a headline EBITDA of 22.2 million euros.
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