ILC ARTICLE

Sky News: Carlyle seeks NARS buyer


Sky News reports that private equity investor The Carlyle Group is on the look out for a buyer of Nationwide Accident Repair Services (NARS).

The report says that Carlyle has hired bankers to sound out prospective buyers. A number of potential buyers, including turnaround funds, have already been approached.

Corporate finance advisers, Stephens Europe has been appointed to oversee a sale process.

Carlyle bought NARS in 2015 for £43m.

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