BY MICHAEL J. DE LA MERCED
Glory Ltd. of Japan said on Tuesday that it had offered to buy Talaris, a maker of cash handling and automated teller machine equipment, from the Carlyle Group for £650 million ($1 billion).
It is the latest private equity exit, as firms look to make profits for investors by selling off their portfolio companies, either through a sale or an initial public offering. The deal will allow Carlyle to exit one of its more successful investments in recent years, and could help increase the appeal of the buyout firm as it prepares to go public.
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