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US Carlyle reportedly interested in IT services company CSC

31/10/2005Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityUS private equity giant The Carlyle Group has been considering investing in California-based IT services company Computer Sciences Corporation, the Financial Times reported.

CSC is a specialist in services and solutions including systems design and integration, IT and business process outsourcing, applications software development, and web and application hosting. The company has approximately 78,000 employees. It reported revenue of $14.3bn for the 12 months ended 1 July 2005.

It is not clear at the moment whether Carlyle intends to join the consortium that is currently looking at the potential deal or form a new consortium. The consortium interested in CSC reportedly includes of The Blackstone Group, Texas Pacific Group and Warburg Pincus.

A few days ago Carlyle announced that it had agreed to acquire an 85 per cent shareholding in Xugong Group Construction Machinery Co., a Chinese construction machinery manufacturer and distributor, for $375m in cash.

Carlyle has $30.9bn under management.

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