Brussels, Belgium – Global alternative asset manager The Carlyle Group (NASDAQ:CG), today announced that, following a binding offer, Carlyle has entered into exclusive negotiations to acquire Præsidiad from CVC Fund VI.
Headquartered in Ghent, Belgium, Præsidiad produces integrated perimeter security systems that protect people and critical infrastructure around the world. Præsidiad serves customers across oil and gas, energy, aerospace and defence, information technology, industrial and consumer end-markets.
Michele Volpi, CEO of Præsidiad, said: “Over the last few years, Præsidiad has transformed into a successful high-security solutions provider protecting people and critical infrastructure across the globe. I am looking forward to accelerating this transformation, growing the business both organically and through additional acquisitions as we continue to address the growing global needs for improved security and protection.”
The binding offer was submitted by Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. The terms of this transaction, which requires workers’ council consultation and is subject to the approval of relevant market authorities, are not disclosed.
CVC Capital Partners
Carsten Huwendiek, Head of Communications
Tel: +44 20 7420 4240
The Carlyle Group
Rory Macmillan, External Affairs Director, EMEA
Tel: +44 20 7894 1630
Headquartered in Ghent, Belgium, Præsidiad produces integrated perimeter security systems that protect people and critical infrastructure around the world.
About CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of more than US$88 billion from some of the world's leading institutional investors across its European and Asian private equity, strategic opportunities and growth funds. In total, CVC currently manages over US$50 billion of assets. Today, funds managed or advised by CVC are invested in 52 companies worldwide, employing c.250,000 people in numerous countries. Together, these companies have combined annual sales of over US$80 billion. For further information about CVC please visit: www.cvc.com.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $162 billion of assets under management across 287 investment vehicles as of March 31, 2017. 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 Investment 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, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.
About Carlyle Europe Partners
Carlyle Europe Partners (CEP) seeks to invest in mid-sized companies in Europe across a wide range of sectors and industries, accelerate their growth and support their efforts to expand internationally. The current fund is now the fourth in the CEP franchise. The team comprises 41 investment professionals across five offices. In total, more than 140 investors from 35 countries have made commitments to the CEP IV fund.