Monday 26 September 2016

Buyout fund Carlyle 'lining up possible takeover of TV3'

Published 16/04/2015 | 12:39

Lucy Kennedy and Brian Dowling at TV3s Autumn Schedule 2014 launch
Lucy Kennedy and Brian Dowling at TV3s Autumn Schedule 2014 launch

Buyout fund Carlyle is reported to be lining up a possible takeover offer for TV3.

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Carlyle has teamed up with Irish fund Cardinal for a number of recent deals here, including the acquisition of Carroll Cuisine.

The US firm is now tipped as a possible buyer of TV3 from Doughty Hanson,  the private equity firm that currently owns the Irish broadcaster.

Doughty Hanson has owned TV3 since 2006.

The company recently announced that it has focus its efforts on “achieving strong exits”, meaning sales, from its investment portfolio rather than a raising fund to do more deals.

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