Deals
Carlyle to Buy Veritas for $8 Billion in Year’s Biggest LBO
Symantec Storage-Unit Sold to Carlyle Group for $8B
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Carlyle Group LP agreed to buy Symantec Corp.’s Veritas data-storage unit for $8 billion in the biggest U.S. leveraged buyout this year.
Equity for the deal will primarily come from Carlyle’s U.S. buyout fund and GIC, Singapore’s sovereign wealth fund, Washington-based Carlyle said in a statement Tuesday. The transaction is expected to be completed at year-end.