Carlyle To Hold Stake In Aussie Equipment Rental Co.

Law360, New York (June 20, 2013, 1:23 PM EDT) -- The Carlyle Group LP and Australian investment firm Seven Group Holdings Ltd. will retain ownership of Coates Hire Ltd., the largest equipment rental company in Australia, after a seven-month review, Seven Group said in a filing Thursday.

Carlyle and Seven Group said in November that they were conducting a strategic review of Coates Hire with an eye to either sell the company or take it public. But they said Thursday that they plan to hold on to their investment.

"[Seven Group] and Carlyle have decided to...
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