The Carlyle Group has secured exclusivity over Livingbridge’s billion-dollar waste advisory and collections business, Waste Services Group, at a sale price of around 13 times 2025 financial year earnings, sources said on Tuesday.
After a hotly contested auction that saw Carlyle duke it out with Sydney buyout firm Pacific Equity Partners and Hong Kong-based real estate and private equity firm Gaw Capital Partners, the American buyout firm has been anointed preferred buyer.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com