Carlyle's European growth fund has chalked up its latest deal, winning over shareholders with a €2.80 per share offer for German financial data provider vwd Vereinigte Wirtschaftsdienste.
More than 90 per cent of vwd's shareholders have agreed to the take-private, Carlyle's offer representing a 35 per cent premium to the company's weighted average market price during the last three months.
Vwd's share price was up nearly one per cent in Frankfurt this morning to €2.77, giving the business a market cap of €71.5m.
The German tech B2B company, which traces its roots back to 1949, repackages financial market data for banks and asset managers to make the streams of information more comprehensive and easier to analyse. Last year the group reported sales of €81m and has 465 employees.
Capital for the transaction was put up from Carlyle's €530m Carlyle Europe Technology Partners II, closed at the end of 2008.