Carlyle picks up Barbon
Carlyle has purchased Barbon Insurance Group, a UK-based provider of tenant referencing and insurance products to the rental market.
Carlyle invested through its Carlyle Global Financial Services Partners II fund, a vehicle focused on financial services. The deal marks the fund's fourth transaction.
Company
Lincoln-based Barbon trades under three brands – HomeLet, Letsure and Rentshield. The company also produces the HomeLet Rental Index, which provides data on rental prices in the UK.
People
Martin Totty is CEO of Barbon. Olivier Sarkozy is managing director at Carlyle.
Advisers
Equity – Duff & Phelps (Financial due diligence); Linklaters (Legal).
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