After a frenetic bidding war between buyout firms, The Carlyle Group emerged as the new owner of Waste Services Group, a billion-dollar recycling and collections business that had been owned by buyout group Livingbridge.
At around $1.2 billion, the sale of Waste Services will easily be the London-headquartered firm’s biggest exit in Australia to date. And now that Carlyle has secured Waste Services, it has turned its mind to how to finance its big new investment.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
