Redflex to be acquired by Carlyle and Macquarie

US-based private equity firm The Carlyle Group and Australia's major investment bank Macquarie Group, have announced today that they will purchase Redflex Holdings for US$304 million.
February 3, 2012 Read time: 1 min
US-based private equity firm The 2257 Carlyle Group and Australia's major investment bank 802 Macquarie Group, have announced today that they will purchase 112 Redflex Holdings for US$304 million. The takeover bid offered was AU$2.70 in cash for every Redflex share. Redflex board is recommending the offer and the deal will be finalised in June, providing the company’s shareholders accept the bid.
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May 16, 2012

Redflex shareholders reject takeover bid

Redflex shareholders rejected the bid by US-based private equity firm The Carlyle Group and Australia's major investment bank Macquarie Group to take over the traffic enforcement products and services specialist. Despite the Redflex board having unanimously recommended acceptance of the offer, which was AU$2.75-a-share, valuing the company at $303.5 million, the bid remained unsuccessful.
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