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MarketScreener Homepage  >  Equities  >  Nasdaq  >  The Carlyle Group Inc.    CG

THE CARLYLE GROUP INC.

(CG)
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Carlyle LP : The Carlyle Group Sells Peru-based Cash Management Company Hermes to CVC Capital Partners for approximately $400 Million

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01/08/2020 | 08:33am EST

Lima, Peru - Global investment firm The Carlyle Group (NASDAQ: CG) has sold its stake in Hermes Transportes Blindados S.A. to CVC Capital Partners Fund VII for an enterprise value of approximately $400 million. The transaction closed on January 7, 2020 after CVC launched a tender offer on December 3, 2019. Carlyle invested in Hermes through its Carlyle Peru Fund and Carlyle South America Buyout Fund in 2015.

Based in Lima, Peru, Hermes is a leading provider of cash management services with a nationwide network of 18 branches, 228 armored vehicles and over 3,700 employees. The company offers valuable logistics, cash processing and custody services to a blue chip client base comprised of more than 1,000 active clients in the financial, retail, utilities and mining segments. Hermes is a mission critical partner to the largest financial institutions and retail organizations in Peru.

Eduardo Ramos, Managing Director and Head of the Carlyle Peru Advisory Team, said, 'During our four-plus years of ownership, we are proud to have helped Hermes grow by identifying new revenue streams, increasing operational efficiencies and entering new business segments. We're confident the company is well positioned for continued growth over the long-term.'

Sebastian Barriga, Director of the Carlyle Peru Advisory Team, added, 'It has been a privilege to work alongside Hermes's world-class management team. Together, we have created long-term value by pursuing both organic and inorganic growth opportunities and are proud of the work Hermes has done to advance the cash management industry in Peru. We look forward to their continued success.'

Mirella Velasquez, CEO of Hermes, said, 'Eduardo and the Carlyle team have been outstanding partners. Today's announcement underpins the continued success of our company. We are extremely proud of our team and look forward to continuing to develop the cash management industry in Peru.'

Jean-Marc Etlin, Partner overseeing CVC Capital Partner's Latin America private equity business said, 'This is a unique opportunity to invest in a company with an outstanding track record and proven business model. We are very impressed with the quality of the management team and their ability to continue generating significant value for shareholders. We are looking forward to continuing to support the company and its talented management team in its next phase of growth.'

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of September 30, 2019, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.

About CVC Capital Partners
CVC is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and over 500 employees throughout Europe, Asia and the US. To date, CVC has secured commitments of over US$129 billion from some of the world's leading institutional investors across its private equity and credit strategies. In total, CVC currently manages approximately US$83 billion of assets. Today, funds managed or advised by CVC are invested in 73 companies worldwide, employing over 300,000 people in numerous countries. Together, these companies have combined annual sales of approximately US$100 billion. For further information about CVC please visit: www.cvc.com.

About Hermes Transportes Blindados SA
Hermes is a leading provider of cash management services in Peru with a nationwide network of 18 branches, 228 armored vehicles and over 3,700 employees. The company offers valuable logistics, cash processing and custody services to a blue chip client base comprised of more than 1,000 active clients in the financial, retail, utilities and mining segments.

Media Contacts

The Carlyle Group
Brittany Berliner
+1 (212) 813-4839

Brittany.Berliner@carlyle.com

CVC Capital Partners
Carsten Huwendiek
Managing Director, Global Head of Marketing and Communications
+44 (0) 20 7420 4240
chuwendiek@cvc.com

Hermes Transportes Blindados
Ray Bellido
Corporate Communications
+51 99 195 3371
ray.bellido@hermes.com.pe

Disclaimer

The Carlyle Group LP published this content on 08 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 January 2020 13:32:06 UTC

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Financials (USD)
Sales 2020 2 427 M
EBIT 2020 994 M
Net income 2020 248 M
Debt 2020 127 M
Yield 2020 3,95%
P/E ratio 2020 13,2x
P/E ratio 2021 11,3x
EV / Sales2020 4,21x
EV / Sales2021 3,44x
Capitalization 10 089 M
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