Carlyle Takes Stake In British Car Service Co. Addison Lee

Law360, New York (April 19, 2013, 1:56 PM EDT) -- A European leveraged buyout fund managed by U.S. private equity titan Carlyle Group LP has acquired a "significant" stake in U.K. car service firm Addison Lee from its founders, Carlyle announced Friday.

Carlyle will pick up the stake from founder and Chairman John Griffin as well as the children of original partner Lenny Foster. The PE giant will make the investment through Carlyle Europe Partners III LP, a €5.4 billion ($7.1 billion) fund that makes mid- and large-cap acquisitions in Europe.

Financial terms of the deal...
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