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Carlyle Group to buy ADB Safegate from PAI Partners

Carlyle Group LP will be buying ADB Safegate for approximately €900 million ($1 billion) including debt, Reuters reported. ADB Safegate supplies lighting solutions for airplanes, and lighting systems for airport runways, docking and tower systems. The seller is private equity group, PAI Partners. Credit Suisse and Rothschild advised PAI on the deal while Citi and Lazard advised Carlyle.

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PE Deals,private equity,private equity deals