PE-Backed Allison Transmission Announces Secondary Offering
Indianapolis, Indiana-based Allison Transmission Inc., a manufacturer of transmissions and hybrid-propulsion systems for commercial vehicles, announced a proposed secondary offering of 22,000,000 common shares by private equity owners The Carlyle Group and Onex Corp. Following the offering, Carlyle and Onex will continue to own up to 70% of the company's total outstanding shares. The two buyout firms acquired Allison in 2007 for US$5.6 billion.
16 April 2013•2 mins read
