Carlyle cashes in with pounds sterling 650m ATMs sale to Japanese rival
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[February 14, 2012]

Carlyle cashes in with pounds sterling 650m ATMs sale to Japanese rival

Feb 14, 2012 (London Evening Standard - McClatchy-Tribune Information Services via COMTEX) -- United States private-equity firm Carlyle is to double its money by selling UK cash systems and automatic teller machines business Talaris to a Japanese rival in a deal worth pounds sterling 650 million.


Carlyle said today it had received a binding offer for Basingstoke-based Talaris from Glory, which is Japan's largest money-handling machines maker. The deal is a coup for the US buyout firm, which bought Talaris for pounds sterling 360 million from the banknotes printing group De La Rue at the height of the financial crisis in September 2008, when Lehman Brothers collapsed.

Previously De La Rue Cash Systems, Carlyle rebranded it Talaris.


Talaris employs 1900 staff and distributes its ATMs in more than 100 countries. Carlyle is based in Washington DC.

___ (c)2012 the London Evening Standard Visit the London Evening Standard at www.thisislondon.co.uk/standard Distributed by MCT Information Services

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