Carlyle Scoops Up German Nursing Home Network

Law360, New York (August 16, 2013, 1:00 PM EDT) -- Private equity titan The Carlyle Group LP will scoop up German nursing-home operator Alloheim AG, it said Thursday, providing an exit for Star Capital Partners Ltd. five years after it took over the company.

Carlyle did not disclose the financial terms of the deal, except to say that it would dip into its €5.3 billion ($7 billion) Carlyle Europe Partners III fund to cover the purchase. The fund is earmarked for mid- and large-cap investments, the Washington, D.C., firm's bread-and-butter buy-ins.

In the transaction, Carlyle picks...
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