Carlyle circling Gores-owned Sagem
Carlyle is in talks with The Gores Group to acquire Sagem Communications, a French manufacturer of network equipment and television set-top boxes, according to media reports.
The business is reportedly valued at around €700m. Interested parties declined to comment.
US private equity firm The Gores Group backed the spin-off of Sagem Communications from its parent corporation Safran in 2008, a deal that valued the business at €383m.
Based in Rueil-Malmaison, Sagem Communications manufactures terminals for faxes and digital television set-top boxes and broadband terminals. It posted a €1.18bn turnover in 2009 and currently employs in excess of 6,000 people.
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