Carlyle-backed Applus+ buys Velosi for €105m

Azul Holdings, a company of the Applus+ Group, will hold a 53% stake in the business once Velosi's independent directors have confirmed their decision to accept the offer.

The Carlyle Group, which acquired Barcelona-based Applus+ in late 2007, has injected fresh capital to support the acquisition.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com

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• Topics
• Southern Europe
• Industrials
• Expansion
• Acquisition finance