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Carlyle Secures $318M Loan for Waste Firm Stake

Wesley ParkFriday, Dec 13, 2024 4:29 am ET

3min read

Global investment firm Carlyle has secured a $318 million private loan to fund its acquisition of a majority stake in Waste Services Group (WSG), a leading Australian waste management company. The deal, valued at around AUD1bn ($650m), reflects Carlyle's strategic focus on growing industrial businesses in the Asia-Pacific region.

Carlyle's investment in WSG aligns with its global industrial sector strategy, focusing on growing businesses with strong fundamentals. As of Q3 2024, Carlyle has invested approximately $32 billion in over 125 industrial deals globally. WSG, with its impressive track record and customer-centric approach, serves as an excellent platform for continued expansion.

Carlyle plans to collaborate with WSG's management team to expand operations, broaden service offerings, and increase geographic reach within Australia. The specific geographic expansion strategies include supporting continued geographic expansion within Australia and broadening the services provided. Carlyle's expertise in industrial businesses and commitment to supporting WSG's management team positions the investment for success.

The acquisition of WSG is a strategic move for Carlyle, as it seeks to grow its presence in the Australian waste management market, which is a key growth area. Carlyle's Asia-Pacific expansion plans, particularly in the waste management sector, are well-supported by this investment. The firm's long history of investing in and growing industrial businesses, both globally and across Asia, further bolsters its commitment to the region.

In conclusion, Carlyle's $318 million private loan for a stake in Waste Services Group underscores the firm's confidence in the waste management sector and its commitment to growing industrial businesses in the Asia-Pacific region. With a strong track record and customer-centric approach, WSG is poised for continued success under Carlyle's guidance.

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