Carlyle Group in Washington, D.C., one of the largest private equity firms in the U.S., will invest $200 million for a 15% to 20% stake of Aliso Viejo-based UST Global, valuing the company at over $1 billion, according to multiple news reports.
UST Global is an IT service firm providing outsourcing and technology services to a number of Fortune 500 companies. It has significant operations in India.
It posted sales of $800 million in 2015, according to the Business Journal’s rankings of the largest private companies. It has 15,000 employees companywide.
— Sherry Hsieh
