TechTaffy

tech:

taffy

The Carlyle Group Receives Binding Offer For Talaris

By TechTaffy Desk

[Techtaffy Newsdesk]

Global alternative asset manager the Carlyle Group has received a binding irrevocable offer from Glory to purchase Talaris for an enterprise value of £650m. Talaris is a global provider of cash handling equipment, servicing and software solutions and Glory is a manufacturer of money handling systems. Following consultation with the French works council, if the offer is accepted, the contemplated transaction will be subject to regulatory approvals.

Carlyle Europe Partners III, L.P. acquired De La Rue Cash Systems from De La Rue in September 2008 for £360m, rebranding the company “Talaris”, and focusing on the growth of the business through expansion into new markets accompanied by investment in new product related research and development. Earnings have increased by more than 40% under Carlyle’s ownership.

Carlyle is advised by Bank of America Merrill Lynch and Clifford Chance. Glory is advised by KPMG and Slaughter & May.

Upload: 02-19-12

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.