Carlyle, the $14 billion buyout fund, continues to see Asia as a priority.
Asian boss, Michael Kim says the firm is close to finalising its third Korean investment, to buy control of Ssangyong Information and Communications for $248 million.
The control-transaction will see management buying-in to, making it a quasi-leveraged buyout and a quasi-management buyout. The company makes the software that allows the likes of Korea Telecoms systems to work.
In this respect, it complements the earlier acquisition...