Redflex to be acquired by Carlyle and Macquarie

US-based private equity firm The 2257 Carlyle Group and Australia's major investment bank 802 Macquarie Group, have announced today that they will purchase 112 Redflex Holdings for US$304 million. The takeover bid offered was AU$2.70 in cash for every Redflex share. Redflex board is recommending the offer and the deal will be finalised in June, providing the company’s shareholders accept the bid.