Blackstone and Carlyle Group consider sale of Service King

Avante

14/02/2017 01:05

Feb 13 (Reuters) - Auto repair-center operator Service King 
Paint & Body LLC, owned by Blackstone Group LP and Carlyle Group 
LP, is considering a potential sale of the company for more than 
$2 billion, Bloomberg reported citing sources. 
    Blackstone Group LP and Carlyle Group LP have had 
discussions about initiating the sale process with bankers but 
no final decision has been made, Bloomberg reported. (http://bloom.bg/2l9feW1) 
    Blackstone first invested in Dallas-based Service King in 
2014 while Carlyle Group made its first investment in the auto 
repair company in 2012.  
    Neither Blackstone Group nor Carlyle Group could be reached 
immediately for comments.  
 
 (Reporting by Laharee Chatterjee in Bengaluru; Editing by 
Sandra Maler) 
 ((Laharee.Chatterjee@thomsonreuters.com; within U.S. 
+1-646-223-8780; outside U.S. +91 80 6749 8081; Reuters 
Messaging: Laharee.Chatterjee.thomsonreuters.com@reuters.net)) 
 
Keywords: SERVICE KING SALE/