Carlyle to Sell Majority Stake in Wyyerd to Oak Hill Capital

MT Newswires Live10-29 22:31

Carlyle Group (CG) has entered into a definitive agreement to sell a majority stake in Wyyerd Group to Oak Hill Capital, Oak Hill Capital said Thursday.

Financial terms were not disclosed.

Wyyerd is a fibre-to-the-premises broadband provider operating in Arizona and Southern California. The investment will support Wyyerd's network expansion across and beyond its current footprint, according to the Thursday statement.

Under the transaction agreement, Carlyle will retain a minority stake in Wyyerd.

The transaction is expected to close in January 2027, subject to regulatory approvals and closing conditions.

Shares of Carlyle Group rose nearly 3% in early Thursday trading.

Price: 40.14, Change: +1.08, Percent Change: +2.76

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