Carlyle to Sell Sequa's Auto Business -Reuters

Date : 07/11/2012 @ 5:30PM
Source : Dow Jones News
Stock : Goldman Sachs Grp. (The) (GS)
Quote : 266.77  5.34 (2.04%) @ 6:25PM
Goldman Sachs share price Chart

Carlyle to Sell Sequa's Auto Business -Reuters

The Carlyle Grp. L.P. (NASDAQ:CG)
Historical Stock Chart

5 Years : From Feb 2013 to Feb 2018

Click Here for more The Carlyle Grp. L.P. Charts.

Carlyle Group LP (CG) wants to sell the automotive operations of Sequa Corp. to help the aircraft and auto parts manufacturer trade at a higher valuation in a possible public listing, Reuters reported Wednesday, citing several people familiar with the matter.

Sequa's ARC Automotive subsidiary and Casco Products are some of the units for sale, and together they would fetch between $500 million and $1 billion, the sources told Reuters.

The largest business unit, Chromalloy, and Precoat Metals aren't for sale, Reuters cited the sources as saying. Carlyle declined to comment to Reuters.

Separately, KPS Capital Partners LP wants to find a buyer for HHI Group Holdings, a manufacturer of automotive parts, and the private equity firm has hired Goldman Sachs Group Inc. (GS) to manage the sale, the sources told Reuters. KPS, which declined to comment, wants to sell the company for up to $900 million, according to Reuters.

Full story at

Write to

Latest GS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V:us D:20180224 19:57:17