# Seven Group Holdings to acquire remaining 53.3% of Coates Hire from Carlyle Group

Seven Group Holdings will buy the 53.3% stake in Coates Hire it does not already own from Carlyle Group for A$517 million ($414 million), assuming net debts as well.

- Type: Acquisition
- Announced: 2017-09-20
- Where: Australia
- Value: $414.0M (517.0M AUD)
- Status: announced
- Products: earth-moving equipment hire
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Carlyle Group](https://endata.com/companies/458.md) (partner)
- [Seven Group Holdings](https://endata.com/companies/9516.md) (acquirer)
- [Coates Hire](https://endata.com/companies/27032.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/us-carlyle-group-exits-australian-mining-services-play-coates-hire-idUSKCN1BU2XO/), 2017-09-20: "U.S. private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A$517 million ($414 million) sale of its controlling stake in the highly leveraged earth-moving equipment provider Coates Hire."
- [smh.com.au](https://www.smh.com.au/business/seven-group-holdings-buys-out-coates-hire-20170920-gykxgc.html), 2017-09-20: "Seven Group Holdings said it would buy the remaining 53.3 per cent of Coates Hire for $517 million from private equity giant The Carlyle Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.