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Carlyle exits Andritz AG through successful public offering.

Publication: M2 Presswire
Publication Date: 25-JUN-03
Format: Online - approximately 698 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-25 June 2003-Carlyle Group: Carlyle exits Andritz AG through successful public offering(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:06252003

Munich/Vienna -- Global private equity firm The Carlyle Group, today announces its second exit from its EUR 1bn European buyout fund, Carlyle Europe Partners.

The public offer of shares of Andritz AG to retail investors in Austria and the international private placement to institutional investors has been executed successfully. Andritz is one of the global market leaders for advanced production systems and services for pulp and paper, steel and other special industries.

The transaction results in a healthy exit for Carlyle from the investment, generating returns...

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