BUYOUTS-Providence, Carlyle exit struggling bank tech company
NEW YORK, Jan 23 (Reuters-BUYOUTS) - Perhaps Providence Equity Partners Inc and The Carlyle Group LP did well to get out before things got worse for portfolio company Open Solutions Inc. The buyout firms this month sold the beleaguered bank-tech vendor to one of the industry's leaders, Fiserv Inc., in a $1.015 billion deal.
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