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CARLYLE NEGOTIATES WITH INTERMEDIATE CAPITAL GROUP THE EXIT IN ORIZONIA.
The private equity firm The Carlyle Group negotiates since several weeks the Orizonia capital restructuring with the subordinated debt fund, Intermediate Capital Group (ICG). ICG, which provided funding to Carlyle in Orizonia acquisition, is a leading mezzanine debt fund.
The deal would involve the conversion of subordinated debt in equity for ICG and the Carlyle exit. Negotiations will continue in August and September, so it is not expected that the deal could close in the latter part of the year.
Both Carlyle and the private equity firm Vista Capital takes part in Orizonia since mid 2006.