The Carlyle Group is set to make its first public-to-private deal in the UK after the directors of Firth Rixson, the UK engineer, recommended the buy-out firm's bid, which values the company at £106m (€166m).

The deal is expected to go through following the recommendation of the directors who, together with a number of institutional shareholders, hold 49% of the shares. The directors were advised by NM Rothschild & Sons, with Dresdner Kleinwort Waserstein acting as their corporate broker.