Deals
Carlyle Said to Sell Sequa Auto Unit to Jordan for $400 Million
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Carlyle Group LP, the second-biggest private-equity firm by assets, has agreed to sell Sequa Automotive Group to The Jordan Company in a deal valued at $400 million, according to two people with direct knowledge of the deal.
The Jordan Company, a private-equity firm with $5 billion of committed capital under management, will invest $125 million in the business, said the people, who asked to remain anonymous because the transaction hasn’t been announced. Barclays Plc and RBC Capital Markets LLC are set to start syndication of a $275 million loan to fund the deal, they said.