The Carlyle Group has made a significant investment in Addison Lee, a U.K.-based transportation and private hire service provider. Founded in 1975, Addison Lee operates over 4,500 vehicles in London and Southeast England. Carlyle's investment will be used to focus on driving business expansion both in the U.K. and internationally by providing transport services to a wider range of blue chip corporates and individual customers. The firm made its investment through its Carlyle Europe Partners III vehicle, a €5.4 billion ($7.05 billion) fund that makes mid- and large-cap investments.
