The Carlyle Group announced that it has completed the previously announced acquisition of National Accident Repair Services PLC (NARS), the collision repair and accident administration service provider in the UK.
Following approval by the High Court of Justice of England and Wales, NARS has made an application to the London Stock Exchange for the cancellation of the admission to trading on AIM of, and cessation of dealings in, NARS Shares, effective from 7:00 a.m. (London time) today.
Equity for the investment in NARS will come from Carlyle Strategic Partners III, a global special situations and corporate opportunities fund.
NARS, founded
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