Carlyle raises dough

World Brief

U.S. buyout firm Carlyle Group is to raise $900 million through a local currency loan as part of its $1.3 billion acquisition of Taiwanese cabler Eastern Multimedia Corp.

Loan is reportedly being arranged by Citigroup and Taipei Fubon bank, and if completed will be Asia’s second largest leveraged buyout deal outside of Japan.

Acquisition, announced in April, sees Carlyle take a majority stake in EMC, Taiwan’s leading cable TV operator with 4.5 million subscribers and a 23% market share, as of December 2005. Its affiliate, Eastern Broadcasting had a further 1.05 million clients.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety