Carlyle Inks $1 Billion Sale of Tech Services Firm HSO to Bain

Carlyle Group, a leading private equity firm, has agreed to sell Dutch technology services company HSO to Bain Capital in a deal valued at $1 billion. This transaction marks Carlyle's exit from the investment, which it has held for six years. HSO is a provider of enterprise resource planning (ERP) and customer relationship management (CRM) solutions, serving clients across various industries. The company has a strong presence in the Netherlands and has been expanding its operations globally. The sale to Bain Capital, another prominent private equity firm, is expected to facilitate HSO's continued growth and expansion. Bain's expertise in the technology sector and its global reach are anticipated to contribute to the further development of HSO's business. The deal is subject to regulatory approvals and is expected to close in the coming months. The financial terms of the transaction were not disclosed, but the $1 billion valuation reflects the significant growth and success that HSO has achieved under Carlyle's ownership.