Carlyle Eyes SagemCom Stake

The Carlyle Group is in talks with private equity firm Gores Group about buying a majority stake in French decoder maker SagemCom, Reuters reported, citing a news item in Les Echos. Carlyle offered less than 500 million euros ($723 million) for the stake, the French newspaper said. Gores Group currently holds 65.7% of SagemCom, which makes television decoders, professional printers and smart energy meters.

(Reuters) – Private equity firm Carlyle group [CYL.UL] is in talks with GoresGroup to buy a majority stake in French decoder maker SagemCom, Les Echos reported on Wednesday.

Carlyle offered less than 500 million euros ($723 million) for the stake, the daily newspaper said, without citing sources.

“The sale’s financing has yet to be finalised,” it said.

French aerospace and defence company Safran (SAF.PA) sold 57.4 percent of SagemCom to GoresGroup in 2008 for 383 million euros.

The private equity firm now holds a 65.7 percent stake in the group which makes television decoders, professional printers and smart energy meters.

SageCom was not available for comment. (Reporting by Matthias Blamont; Editing by Dan Lalor) ($1 = 0.6916 euro)