Carlyle To Pay $280M For Italian Motor Maker

Law360, New York (June 20, 2013, 1:03 PM EDT) -- Carlyle Group LP said Thursday that it has inked a $280 million deal to acquire Italian motor maker Marelli Motori, a move the companies say will position Motori to continue its international growth and further secure its role as one of the world's largest industrial and electric motor manufacturers.

The private equity firm will purchase Motori from Melrose Industries PLC, in a deal that is expected to close in August and is backed by capital from Carlyle Europe Partners III LP, a €5.3 billion ($7 billion)...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.