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Carlyle

Barcelona, 31 October 2018 –Global alternative asset manager The Carlyle Group (NASDAQ: CG), today announced that it has completed the acquisition of c. 68% of the shares in Unideco S.A., the parent company of Codorníu. The transaction, which was announced by the company on 28 June, 2018, has completed after receiving the required regulatory approvals. Equity for this investment came from Carlyle Europe Partners IV, a mid-large capital buyout fund.

Codorníu, the oldest family-owned cava producer in Spain, is a symbol of continuity and loyalty to its origins. The company has five centuries of history and experience that combine tradition and modernity, resulting in a winery that is able to innovate and respond to increasing demand for exceptional quality cavas and wines. With 10 wineries in Spain, Argentina and California and over 3,000 hectares of vineyards, Codorníu is a world leader in viticulture and oenological knowledge.

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THE CODORNIU RAVENTÓS GROUP ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH THE CARLYLE GROUP TO SELL A MAJORITY STAKE IN THE COMPANY

Barcelona, 28 June 2018 – The Codorníu Raventós Group has signed an exclusivity agreement for the sale of a majority stake in the company to funds managed by The Carlyle Group (NASDAQ: CG). The transaction values the company at 390 million euros and is expected to close at the end of the year subject to confirmatory due diligence and regulatory approvals. Equity for this investment will come from Carlyle Europe Partners, a mid-large capital buyout fund..

Ms. Mar Raventós, current Chairwoman of Codorníu, is pleased with the agreement through which Carlyle will acquire a majority holding in the Catalan company and said: “This agreement will help boost the company overseas and consolidate and give continuity to our strategy centered on building valuable and prestigious brands.” Raventós added: “after analyzing various options we have reached consensus, agreeing on a solution which has a lot of potential and takes a long-term view on leadership for the company”.

With Carlyle’s future partnership there is clearly an opportunity for the Codorníu Raventós Group to continue to improve its performance and results. This year the company expects to close its fiscal year with an EBITDA of 26 million euros, a significant improvement on the previous year’s results and fully in line with the company’s long term strategic plan.

Carlyle has a long tradition of successful partnerships with family businesses, supporting their growth and expansion. Alex Wagenberg, Managing Director, Carlyle Europe Partners, said; “Codorníu Raventós is an exceptional company, poised for global leadership in the cava and wine industry. The company has a number of first class brands, which are well positioned in the market. We hope to build on this successful trajectory by supporting the company with growing its global footprint, both organically and through acquisitions, and to further enhance its position in quality wines. We are proud to support a business with such a strong history and heritage.”

The Codorníu Raventós group, the oldest family-owned cava-producer in Spain, is a symbol of continuity and loyalty to its origins and innovation. The company has five centuries of history and experience that combine tradition and modernity, resulting in a winery that is able to innovate and respond to increasing demands for exceptional quality cavas and wines. With 10 wineries in Spain, Argentina and California and over 3,000 hectares of vineyards, Codorníu is a world leader in viticulture and oenological knowledge.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Carlyle Europe Partners

Carlyle Europe Partners (CEP) seeks to invest in mid-large sized companies in Europe across a wide range of sectors and industries, to accelerate their growth and to support their efforts to expand internationally. The current fund is now the fourth in the CEP franchise. A team of 39 investment professionals manages the fund across five offices. Recent family partnerships by the fund include Saverglass (France), Logoplaste (Portugal), Cupa Group (Spain).

For more information:

The Carlyle Group Press Office Spain – Kreab
Oscar Torres
Mobile. +34 685 929 026 – T. +34 91 702 71 70
Email: otorres@kreab.com

The Carlyle Group
Katarina Sallerfors
Tel: +44 (0)20 7894 3554
Katarina.Sallerfors@carlyle.com

Catherine Armstrong
Tel: +44 (0)20 7894 1632
Catherine.Armstrong@carlyle.com

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