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Carlyle Group acquires Worldpac, Advance Auto Parts' unit, for $1.5bn in cash.
Carlyle Group acquires Advance Auto Parts' Worldpac unit for $1.5bn in cash, marking the private equity firm's first major industrial investment in over two years.
Worldpac, a wholesale distributor of auto parts, generated approximately $2.1bn in revenue for the 12 months ending June 30.
The acquisition is expected to close before year-end and boost Advance Auto Parts' shares by about 11% in premarket trading.
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Carlyle Group adquiere Worldpac, unidad de piezas de automóviles de avance, por $1.5 mil millones en efectivo.