Carlyle Group Inc (The)

NASDAQ:CG   3:59:59 PM EDT
55.20
+1.52 (+2.83%)
4:00:35 PM EDT: $55.14 -0.06 (-0.11%)
Debt Financing / Related, Mergers / Acquisitions

Concentrix Announces Acquisition Of PK, A Global CX Design Engineering Company

Published: 11/22/2021 12:13 GMT
Carlyle Group Inc (The) (CG) - Concentrix Announces Acquisition of Pk, a Leading Global Cx Design Engineering Company.
Concentrix Corp - As Part of Transaction, Funds Managed by Carlyle Will Sell Its Majority Stake in Pk.
Concentrix Corp - Transaction Includes Investment of Approximately $1.6 Billion.
Concentrix Corp - Expect Pk to Contribute About $530 Million of Revenue and $85 Million of Adjusted EBITDA in First Full Year Following Acquisition.
Concentrix Corp - Transaction Expected to Be Financed Primarily Through Additional Bank Debt Borrowings Under Amended Credit Facility.
Concentrix - Expect Non-GAAP Diluted EPS Accretion of at Least $0.50 in First Year, With Further Accretion Expected in Second Year From Acquisition.