The world’s biggest private equity firms are teaming up to bid for NCR Corp for more than $10 billion.
The auction for NCR, an ATM and cash register manufacturer, is weeks away, but competition is fierce, reports Reuters. The auction will position the Blackstone Group and Carlyle Group team against Apollo Global Management, Thoma Bravo, and possibly others. NCR is still anyone’s game, or could even go without a buyer. A Blackstone-Carlyle leveraged buyout of $10 billion could be the record-setter for 2015.
The sale is not public, and additional information is limited.
Earlier this month, two Carlyle Group co-founders sold off 2% of their shares, taking home about $31 million each, the Washington Post reports. Of the group’s 322 million shares, 78 million are available publicly.
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