The Carlyle Group has completed the sale of five million of its shares in aerospace components and systems manufacturer Triumph Group. The buyer Morgan Stanley & Co. is also acting as underwriter for the initial public offering.
Following the transaction, global private equity firm Carlyle will own nearly 9.5 percent of the common stock of Triumph Group. The deal, from which Pennsylvania-based Triumph will not get any proceeds, is scheduled to close and settle on November 14.
Click here for the release from Business Wire.
Triumph Group The Carlyle Group Triumph Stake Carlyle Sells Morgan Stanley