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Mergers and Acquistions News

Categories: Hardware

November 7th 2008, 15:47PM

Private equity firm Carlyle Group has ended its interest in acquiring Filtronic, it has been revealed.

It a statement, a spokesperson for the investment body stated that: "Carlyle can now confirm that it has no present intention of making an offer for Filtronic."

The group had expressed an interest in purchasing the firm in May of this year, announcing that it was "reviewing its options" as regards the company and that this could include making an offer.

Filtronic has undergone major restructuring in recent times, divesting its semiconductor, power amplifiers and defence arms.

The company now focuses solely on microwave hardware for point-to-point radios.

In a trading statement, Filtonic stated that its recent performance has been strong and will have cash resources of around £15 million following a dividend payment on November 24th, the EE Times Europe reported.

Recently, the Carlyle Group announced it has raised €530 million (£427 million) in order to purchase technology firms.

The new fund is known as European Technology Partners II.ADNFCR-1833-ID-18865271-ADNFCR

 

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