UK-based operator of more than 70 collision repair centers, mobile and glass repair businesses and network services makes agreement with Carlyle subsidiary valuing the company at nearly $64 million.
 The board of Nationwide Accident Repair Services plc (NARS), the UK-based accident repair and management company, announced an agreement for Canaveral Bidco Limited (CSP Bidco), a subsidiary of the The Carlyle Group, to acquire the entire ordinary shares of NARS for approximately £43.2 million ($63.9 million). Under the terms of the agreement, NARS ordinary shareholders will receive 100 pence in cash for each NARS share held.
The board of Nationwide Accident Repair Services plc (NARS), the UK-based accident repair and management company, announced an agreement for Canaveral Bidco Limited (CSP Bidco), a subsidiary of the The Carlyle Group, to acquire the entire ordinary shares of NARS for approximately £43.2 million ($63.9 million). Under the terms of the agreement, NARS ordinary shareholders will receive 100 pence in cash for each NARS share held.
NARS operates over 70 collision