Carlyle Completes Sagemcom DealCarlyle Completes Sagemcom Deal

PARIS -- Global alternative asset manager The Carlyle Group (“Carlyle”) announced today that it has completed the acquisition of Sagemcom, a global high-technology group specializing in broadband communications and energy activities, from The Gores Group. Carlyle is investing through Carlyle Europe Partners III (CEP III), a €5.4 billion buyout fund focused on investment opportunities in Europe, and owns 70% of Sagemcom whilst management and employees hold the remaining 30%. Further financial terms of the transaction were not disclosed.

Sagemcom is a European manufacturer of high-end digital TV set-top boxes, very high speed broadband residential terminals and advanced electricity meters, as well as various other telecommunications products. Sagemcom has more than 6,000 employees worldwide, and posted sales of €1.4 billion in 2010. The Company holds strong market positions in all its activities and has expanded significantly in its core markets for the last three years.

The Carlyle Group LLC