Carlyle to Take Majority Stake in Cap Vert Finance
July 06, 2015
The Carlyle Group has entered into an agreement to acquire a majority shareholding in Cap Vert Finance from Eurazeo. Employing around 250 people and operating in over 110 countries, the company is a provider of IT hardware lifecycle management through three areas: maintenance of servers, critical IT storage and networking equipment, as well as hardware recycling and IT asset financing. Equity for the transaction is coming from Carlyle Europe Technology Partners III, which closed on €656 million in May. The transaction, expected to close by month end, values Cap Vert Finance at €137 million.