The Carlyle Group announced Tuesday that it has accepted an offer to sell its Talaris teller machine and cash-counting equipment business to Japan’s Glory Ltd. for about $1 billion.
The deal, which is subject to regulatory approval, would allow private equity Carlyle to exit one of its best investments in recent years just ahead of a planned initial public offering, according to The New York Times. U.K.-based Talaris sells its products to banks through offices in more than 20 countries.
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