Latest news with #Carlyle-backed
Economic Times
3 days ago
- Business
- Economic Times
Carlyle portfolio firms SeQuent Scientific and Viyash Life get stock exchange nod for merger
SeQuent and Viyash move a step closer to merging, with Carlyle aiming to build a 2X scale business in animal health and pharma R&D. Carlyle-backed SeQuent Scientific and Viyash Life Sciences have secured stock exchange approvals for their merger. Next, they will approach NCLT. The merged entity aims to double in scale, with SeQuent's animal health focus complemented by Viyash's R&D and API strengths. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Carlyle portfolio firms SeQuent Scientific and Viyash Life Sciences have got stock exchange approvals for their planned merger. The former is listed while the latter is Scientific conveyed the development in a stock exchange filing on a next step, they will approach the national company law tribunal (NCLT) for holds a 53% stake in SeQuent and is the majority shareholder in privately held Viyash. SeQuent operates in the niche segment of Animal Health and markets its products in over 90 has built a strong presence in active pharmaceutical ingredients (API) and R&D space with strong business relations with leading companies around the globe.'We are pleased that our proposed merger with Viyash Life Sciences is progressing as planned. This merger will accelerate a compelling new journey for SeQuent as a leading player in animal health, and Viyash with its world-class R&D capabilities and USFDA-approved facilities,' said Rajaram Narayanan, managing director, SeQuent Scientific.'FY 2024–25 marks a pivotal year for us, with strong business results as we accelerate our growth and lay the foundation for the next phase of growth. With Viyash joining us, we are poised to become a significantly stronger business—2X in scale, capability, and opportunity.'Under the agreed merger terms, shareholders of Viyash will receive 56 SeQuent shares for every 100 Viyash shares Q4 FY25, the combined entity of SeQuent and Viyash delivered robust performance with consolidated revenues of Rs. 770 crore reflecting a 13.2% year-on-year growth. Adjusted earnings before interest, tax, depreciation and amortization stood at Rs. 122 crore, up 63.2%, with margins expanding by 485 basis points to 15.8%.
Yahoo
21-05-2025
- Business
- Yahoo
Wyyerd Fiber Announces Major Arizona Expansion With Acquisition of Fiber Network Assets
TUCSON, AZ / / May 21, 2025 / Wyyerd Fiber ("Wyyerd"), a Carlyle-backed Fiber Internet Service Provider, today announced the acquisition of fiber network assets from Ting Fiber ("Ting") and Conterra Networks ("Conterra") in Arizona. The acquisitions include key fiber infrastructure across seven municipalities in Arizona, significantly expanding Wyyerd's footprint across the state and accelerating its plans to bring Honestly Awesome Internet to more Arizonans. With these acquisitions, Wyyerd gains immediate access into the Tucson market, with fiber infrastructure in Tucson, Marana, Oro Valley, and Pima County. The acquired assets also include infrastructure in Prescott Valley and the wider Southern Arizona region, including Nogales and Rio Rico, laying the groundwork for further expansion beyond the Phoenix metro area. In addition, Wyyerd will lease back certain dark fibers to Conterra in support of multiple school districts in Greater Tucson and Rio Rico. "This acquisition of assets enables us to expedite our Fiber-to-the-Home build across Arizona," said Justin Freesmeier, Chief Executive Officer of Wyyerd Fiber. "We're thrilled to bring our 100% Fiber-Optic Internet service and an unmatched, locally based, customer experience to the Greater Tucson region, while also expanding our reach across new markets in Northern and Southern Arizona." Wyyerd's expansion is under way in the Greater Tucson area, as the company is investing in infrastructure, office space and a local workforce to bring fast Fiber Internet to homes, businesses, andpublic institutions. This move reinforces Wyyerd's mission of supporting Arizona communities with reliable, locally managed, Internet services. As the company expands across Arizona, customers in both existing and future service areas can expect symmetrical speeds up to 8 GIG, straightforward pricing with no data caps, no contracts, and no hidden fees and dedicated local support from teams who are active members of the communities they serve. Wyyerd's Fiber-Optic network is purpose-built for reliability and speed, delivering seamless performance for 4K/8K streaming, online gaming, remote work, virtual learning, telecommunication services and smart home technology. Community leaders, business leaders, and residents are encouraged to inquire about service in their areas by visiting or calling (520) 244-0060. ### About Wyyerd Fiber At Wyyerd Fiber, we're passionate about delivering the fastest, most reliable Fiber Internet on our industry-leading Fiber-Optic Network with speeds up to 8 GIG for residents and businesses in the Arizona and California markets. We provide affordable, reliable connectivity tailored to each community, supported by local teams and unmatched customer service. Every region is unique, so we put local leadership at the heart of everything. Our vision is to become a trusted partner for Internet services, build lasting relationships, and connect communities one neighborhood at a time. Contact Information Jonah Pollack Senior Vice President, SOURCE: Wyyerd Fiber View the original press release on ACCESS Newswire Sign in to access your portfolio
Reuters
27-01-2025
- Business
- Reuters
Carlyle appoints new global wealth division head for Asia Pacific
Jan 27 (Reuters) - Investment firm Carlyle (CG.O), opens new tab said on Monday it had appointed Citi executive Brad McCarthy as the new managing director and Asia Pacific chief of its global wealth division. McCarthy will be responsible for expanding Carlyle's wealth platform across Asia Pacific with a focus on enhancing client offerings, the company said. Before joining Carlyle, McCarthy headed Alternative Investment Sales for Asia Pacific at Citi Private Bank and Global Wealth. He has also worked for British investment firm Permal and Australian wealth management company BT Financial Group, among others. Listings in the region have picked up in the last few months, with Carlyle-backed Rigaku Holdings (268A.T), opens new tab raising around 129 billion yen ($829.10 mln) in its Tokyo offering in October 2024. U.S. buyout firm Carlyle is also considering an initial public offering of engineering services firm Quest Global Service in India where it could raise about $1 billion, Bloomberg reported last month, citing people familiar with the matter. ($1 = 155.5900 yen)
