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.

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