Carlyle hires BofA to sell Addison Lee: Financial News

Carlyle Group is considering selling Addison Lee in a deal that could value the London taxi company at 800 million pounds ($1.03 billion), Financial News is reporting. Carlyle has retained Bank of America Merrill Lynch to run the process that will likely start later this year, the story said. Addison Lee has a fleet of roughly 5,000 cars in London and serves more than 10 million customers in that year alone, Financial News said.