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Carlyle gets it right second time round with Firth

US buyout house The Carlyle Group has exited Firth Rixson, the first UK company it took private, in a sale which values the aerospace components manufacturer at over a third more than original estimates.

Oak Hill Capital Partners paid £945m ($1.96bn) to acquire Sheffield-based Firth Rixson in a renewed auction after original plans to sell the company 20 months ago stalled.

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