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You are here: Home / Archives for Carlyle Group

UK-Based Nationwide Accident Repair Services Sold to Vehicle Rental and Accident Management Firm

September 11, 2020 By CollisionWeek Editor

NARS Redde Northgate

Hurt by slowdown caused by pandemic the collision repair facility operator was placed in bankruptcy administration and sold. Sale includes 77 collision repair centers and three offices out of 110 total locations. PwC announced that Nationwide Accident Repair Services (NARS) was placed in administration and subsequently sold to RunMyCar Limited, a subsidiary of Redde Northgate […]

Filed Under: Feature Tagged With: Acquisitions, Carlyle Group, Nationwide Accident Repair Services, Redde Northgate, United Kingdom

AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group and GIC

October 1, 2018 By CollisionWeek Editor

Akzo Nobel N.V. (AKZA; AKZOY) announced today it completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion ($11.7 billion). The sale was originally announced last March. “Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, […]

Filed Under: News Tagged With: Acquisitions, AkzoNobel, Carlyle Group

Shaver Named New CEO for AkzoNobel Specialty Chemicals Pending Completion of Sale

August 20, 2018 By CollisionWeek Editor

Axalta CEO, who is stepping down in September, will lead business spun off to The Carlyle Group and GIC. Shaver led Axalta during transition from DuPont to Carlyle ownership and eventual public offering. As part of the strategy to separate Specialty Chemicals from its Paints and Coatings business, AkzoNobel announced in March 2018 that it […]

Filed Under: News Tagged With: AkzoNobel, Axalta Coating Systems, Carlyle Group, People

Innovation Group Acquires TCS Claims in UK

April 24, 2018 By CollisionWeek Editor

The Innovation Group (IG) announced that its UK business is acquiring TCS Claims (TCS) from Endsleigh Insurance Services Ltd, and starting a strategic relationship with Endsleigh for the provision of claims handling services. TCS was established by Endsleigh in 1999. The business provides a full-service claims handling capability to a number of insurers, brokers, MGAs […]

Filed Under: News Tagged With: Acquisitions, Carlyle Group, Innovation Group, United Kingdom, Zurich Insurance Group

AkzoNobel Sells it Specialty Chemicals The Carlyle Group and GIC for $12.5 Billion

March 27, 2018 By CollisionWeek Editor

AkzoNobel today announced the sale of its Specialty Chemicals business to private equity firm The Carlyle Group and GIC Pte. Ltd., Singapore’s sovereign-wealth fund, for €10.1 billion ($12.5 billion). The sale, part of the plan announced last spring, to split the company into two units with one focusing on Paints and Coatings, and the other Specialty […]

Filed Under: News Tagged With: Acquisitions, AkzoNobel, Carlyle Group

Service King Reportedly Up for Sale

February 15, 2017 By CollisionWeek Editor

Private equity firms rumored to be considering exiting their position in collision repair facility operator. Service King Collision Repair Centers may be up for sale according to an article published Monday by Bloomberg. Founded in 1976 by Eddie Lennox in Texas, the collision repair chain now operates 309 locations in 23 states. According to unnamed […]

Filed Under: News Tagged With: Blackstone Group, Carlyle Group, Private Equity, Service King Collision Repair Centers

Carlyle Completes Acquisition of AA Ireland

August 16, 2016 By CollisionWeek Editor

Carlyle Group logo

Carlyle Cardinal Ireland (CCI) and Carlyle Global Financial Services Partners (CGFSP) have completed the acquisition of the AA Ireland from the AA plc (LON:AA) following receipt of the required regulatory approvals. CCI partnered with CGFSP to acquire AA Ireland, one of the largest insurance intermediaries in Ireland, for €156.6 million ($176.6 million) including consideration for […]

Filed Under: News Tagged With: AA Ireland, Acquisitions, Carlyle Group, Ireland

Carlyle Group to Sell Remaining Stake in Axalta

August 1, 2016 By CollisionWeek Editor

Axalta Coating Systems Ltd. (NYSE:AXTA) last week announced a secondary offering of of 41,621,996 common shares by affiliates of The Carlyle Group . The offering was subsequently priced at $28.25 a share, providing Carlyle with $1.175 Billion. Axalta will not receive any of the proceeds from the offering of shares by Carlyle. According to a […]

Filed Under: News Tagged With: Axalta Coating Systems, Carlyle Group

Carlyle Group to Sell 25 Million Axalta Shares

May 25, 2016 By CollisionWeek Editor

Axalta Coating Systems Ltd. (NYSE:AXTA) announced the sale of 25 million common shares by affiliates of The Carlyle Group. In addition, the underwriter will have a 30-day option to purchase up to 3,750,000 additional common shares from Carlyle. Axalta will not receive any of the proceeds from the offering of shares by Carlyle. Closing of […]

Filed Under: News Tagged With: Axalta, Carlyle Group

Innovation Group Rebrands Software Business Following Carlyle Acquisition

January 8, 2016 By CollisionWeek Editor

The Innovation Group rebranding its software business to 1insurer The Innovation Group announced the completion of the company’s acquisition by The Carlyle Group and rebranding of its software business as 1insurer. “The acquisition of Innovation Group by Carlyle, and the rebranding for 1insurer, are efforts that truly go hand-in-hand,” said Paul Nichols, CEO, 1insurer. “With […]

Filed Under: News Tagged With: 1insurer, Acquisitions, Carlyle Group, Innovation Group

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