Carlyle plans to sell Addison Lee by early 2020: Financial Times

Carlyle Group plans to sell Addison Lee by early next year to avoid a debt restructuring or extension, the Financial Times reported. Addison Lee, a taxi business, said its bankers were evaluating its future capital structure and are focused on an “ongoing sales process,” the story said. Bank of America Merrill Lynch and Rothschild are advising, the FT said. Addison Lee has 230 million pounds in net debt, with the majority due for repayment in April 2020, the story said.