Carlyle explores sale of in-store marketer Array: Reuters

U.S. private equity firm Carlyle Group is exploring a sale of portfolio company Array Marketing Group, a Canadian provider of retail merchandising displays, that could value it as much as US$1 billion, two sources told Reuters. Carlyle is working with investment banks Jefferies and Robert W. Baird to seek out potential buyers for the Toronto-based company, the sources said. Carlyle acquired Array in 2015 for an undisclosed sum. The seller was Canadian private equity firm TorQuest Partners. TorQuest, which bought the company from Brentwood Associates in 2012, earned a 61 percent internal rate of return from the sale to Carlyle.

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