The Carlyle Group, the private equity fund, has told creditors it would stump up £25m to keep control of its buy-out of IMO Carwash, in exchange for its creditors writing off debt. It is the second time Carlyle has had to pump money into IMO Carwash  and highlights how buyout groups are struggling to keep control of their investments, often offering to effectively buy the company again.

This entry was posted by Gwen Robinson on Thursday, February 19th, 2009 at 5:04 and is filed under Capital markets, Private equity. Tagged with carlyle, IMO Carwash. Edit this entry.