Private equity firm Carlyle Group has entered into exclusive talks to purchase Tyco International Inc's South Korean security systems unit, a business valued at around $2 billion, two sources told Reuters on Wednesday.A successful sale of the unit, ADT Caps, would be the second large private equity transaction in South Korea this year, after KKR & Co and Affinity's $5.8 billion sale of Oriental Brewery to Anheuser-Busch InBev SA.Tyco put the unit up for sale last year, attracting offers from private equity firms including Affinity Equity Partners, Bain Capital, Carlyle Group, KKR and South Korea's MBK Partners, Reuters previously reported.The company had earnings before interest, tax, depreciation and amortization of about $160 million as of the end of Sept. 2013. The business is expected to fetch between 10 and 12 times that figure, sources told Reuters.
Anheuser-Busch InBev SA, formerly Anheuser-Busch InBev SA/NV, is a brewing company. Shares of BUD fell by 0.95% or $-0.98/share to $102.17. In the past year, the shares have traded as low as $83.94 and as high as $106.83. On average, 1276670 shares of BUD exchange hands on a given day and today's volume is recorded at 2018137.
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