Carlyle takes on KKR in race for Reynolds and Reynolds-sources

Newswire

By Greg Roumeliotis and Soyoung Kim NEW YORK, Dec 24 (Reuters) - Private equity firms Carlyle Group LP and KKR & Co LP have emerged as the lead contenders to take over Reynolds and Reynolds, a software company hoping to sell itself for $5 billion, three people familiar with the matter said. Dayton, Ohio-based Reynolds, which provides business management software for auto dealers in North America and Europe, had hired technology-focused investment bank ...

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