The Carlyle Group Closes the Sale of ARINC to Rockwell Collins for $1.4 billion
December 23 2013 - 5:30PM
Business Wire
Global alternative asset manager The Carlyle Group (NASDAQ:CG)
today announced it has completed the sale of ARINC, a provider of
communications and engineering products and services, to Rockwell
Collins for $1.4 billion. The sale agreement was first announced in
August 2013.
Ian Fujiyama, Carlyle’s Managing Director who led the
transaction, said, “ARINC is a remarkable firm, committed to
innovation and superb customer service. Partnering with CEO John
Belcher and his team has been a great experience, which has served
our fund investors well. We wish ARINC continued success in
its new relationship with Rockwell Collins.”
“ARINC has greatly benefitted from our partnership with Carlyle.
They worked with us through a transformational period, which has
resulted in a stronger and more profitable company,” said ARINC CEO
& Chairman John Belcher. “We’re pleased to join a company that
shares our focus on providing trusted solutions for our
customers.”
Carlyle acquired ARINC in October 2007 with equity from
investment funds Carlyle Partners IV and Carlyle Mezzanine Partners
II.
About ARINC
ARINC Incorporated provides communications, engineering and
integration solutions for commercial and government customers
worldwide. Headquartered in Annapolis, Maryland with regional
headquarters in London and Singapore, ARINC is ISO 9001:2008 and
AS9100:2009 Rev C certified. For more information, visit the
website at www.ARINC.com.
About Rockwell Collins
Rockwell Collins (NYSE: COL) is a pioneer in the development and
deployment of innovative communication and aviation electronic
solutions for both commercial and government applications. Our
expertise in flight deck avionics, cabin electronics, mission
communications, information management, and simulation and training
is delivered by a global workforce, and a service and support
network that crosses 27 countries. To find out more, please visit
www.rockwellcollins.com.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $185 billion of assets under management across 122
funds and 81 fund of funds vehicles as of September 30, 2013.
Carlyle’s purpose is to invest wisely and create value on behalf of
its investors, many of whom are public pensions. Carlyle invests
across four segments – Corporate Private Equity, Real Assets,
Global Market Strategies and Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services, consumer &
retail, energy, financial services, healthcare, industrial,
technology & business services, telecommunications & media
and transportation. The Carlyle Group employs more than 1,450
people in 34 offices across six continents.
Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary
The Carlyle GroupLiz Gill,
+1-202-729-5385Elizabeth.gill@carlyle.com
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