While rushing to many exits, The Carlyle Group let in cold air. It seeks heat from Gianonni France. Dow Jones reported:
Private equity firm Carlyle Group is in exclusive talks to acquire French heating company Giannoni France for around EUR450 million and is talking to banks about financing for the deal, said people familiar with the situation Tuesday.
Carlyle is talking to banks about arranging finance amounting to around EUR250 million, one of the people said. Carlyle declined to comment.
How good is Carlyle at reading weather patterns? Volcanic eruptions can lower temperatures for a multi-year period. Now, if they could just get the Gulf Stream to stop, at least between sealing the deal and flipping Gianonni France.