UK - Carlyle to complete full exit from Qinetiq

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 ТЃ1.4bn in January 2006 at which point Carlyle reduced its stake earning ТЃ194m. The completion of a full exit is expected to see the investor bag more than ТЃ330m in total from the asset.