Friday, June 26, 2020

Carlyle Flips Discounted Eggplant for Seven Bagger

Private Equity News reported:

Carlyle Group has sold UK-based software testing company Eggplant to Keysight Technologies for $330m. The firm scored a seven times return on the exit, a person familiar with the matter told Private Equity News.
The Carlyle Group bought Eggplant in 2016.   PEHub reported in January Carlyle would sell Eggplant for $385 million.  Keysight did not walk away from the deal like Carlyle did to American Express Global Business Travel.  The deal went through at a $55 million discount (14%) to prior news reports.