Private equity firm Carlyle Group has reportedly stepped back from pursuing a stake in Thyssenkrupp's marine division. According to Reuters, while Thyssenkrupp did not provide a specific reason for Carlyle's withdrawal, the company remains dedicated to establishing its marine-systems unit as an independent entity.
"We confirm that the investment firm Carlyle Group has notified us of its decision to exit the bidding process for an investment in Thyssenkrupp's marine division," stated Thyssenkrupp, as cited in the Reuters report.
Carlyle's decision follows a mutual agreement with Thyssenkrupp in March to initiate due diligence for a potential partial sale of the marine business, which specializes in submarines, naval vessels, and surface and underwater technologies.
In response to the withdrawal, Thyssenkrupp announced it would intensify its efforts to position the marine segment independently on the capital market. Additionally, the company plans to continue its discussions with the German government regarding a potential investment stake.
