WASHINGTON--(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 Group
Liz Gill, +1-202-729-5385
Elizabeth.gill@carlyle.com
Source: The Carlyle Group
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