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DBRS to Be Sold to Carlyle, Warburg for $500 Million

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DBRS Ltd., the world’s fourth-largest credit rating company, has agreed to be acquired by the Carlyle Group and Warburg Pincus for about $500 million, according to people familiar with the sale.

The headquarters of closely held DBRS, which has offices in New York, Chicago and London, will stay in Toronto, and Walter Schroeder, the firm’s founder, will remain an investor, the companies said in a statement today.