Carlyle, Seven Group Mull Sale Of Industrial Equipment Co.

Law360, New York (November 15, 2012, 4:17 PM EST) -- The Carlyle Group and Seven Group Holdings Ltd. are considering a sale of industrial equipment firm Coates Hire Ltd., they said Thursday, as the company reviews its options after a rumored initial public offering failed to materialize earlier this year.

The private equity firms, which each own 46 percent of the Australian company, said they have enlisted Goldman Sachs to help with a review of “ownership alternatives.” Goldman will have assistance from China International Capital Corp. and Nomura Holdings Inc, they said.

“The strategic review …...
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