The Carlyle Group is to dispose of its remaining 10.3% stake in Qinetiq, the former Ministry of Defence laboratories. Qinetiq was floated on the main market of the London Stock Exchange with a market capitalisation of £1.4bn in January 2006 at which point Carlyle reduced its stake earning £194m. The completion of a full exit is expected to see the investor bag more than £330m in total from the asset.
Belgian GP plans to back the company, according to a document by the Dutch competition authority
Fresh capital will be used to accelerate Funnel's operations in the US and invest in its technical teams
MACSF co-invested with the GP in a spin-off from Vocalcom Group, an Apax France portfolio company
Marston is a judicial services group, which recovers funds on behalf of taxpayers and businesses