The Carlyle Group has signed an agreement to buy Marelli Motori from Melrose Industries. Capital for the investment will come from Carlyle's €5.3 billion ($7 billion) Europe Partners III fund. Founded in 1891, Marelli Motori manufactures industrial generators and electric motors, serving worldwide markets for power generation, marine, oil & gas and industrial manufacturing. It has a global presence with sales, service and distribution offices in Germany, the U.K., Spain, the U.S. and South Africa. Financing was arranged and underwritten by MLAs Unicredit and Société Générale.