| A consortium led by Carlyle Group, including sovereign wealth fund GIC, is buying information management service provider Veritas for US$8 billion (S$11 billion). The deal is the largest private-equity takeover of a technology company this year. GIC's share was not disclosed but is understood to be significantly smaller than that of Carlyle's. The deal is expected to be finalised by the end of this year.
Mr Bill Coleman, the founder of software company BEA Systems, will become chief executive officer, and Mr Bill Krause, a Carlyle operating executive who previously was president and chief executive of 3Com, will be chairman...............................................Full Article: Source
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