Carlyle Reportedly Mulls Options for Novolex
September 13, 2021 at 07:14 am EDT
Carlyle Group Inc. (NASDAQ:CG) is considering options for local packaging manufacturer Novolex Holdings, Inc. which could be valued at about $6 billion (€5.09 billion), including a sale or an initial public offering (IPO), Bloomberg reported, citing insiders. Carlyle has been interviewing banks for a strategic review in the first half of 2022, according to the news agency’s sources, who cautioned that no final decision has been made yet and the private equity firm could also decide to keep the business.