<i>WSJ</i>: Carlyle nears deal to buy Tyco Korean unit for $1.5B

|About: The Carlyle Group (CG)|By:, SA News Editor

Carlyle (CG) is close to an agreement to acquire Tyco's (TYC) South Korean home-security unit for $1.5B, the WSJ reports, adding that a deal could be announced this week.

The unit, called Cap, has the potential to grow, as home-security penetration is relatively low in South Korea, while the commercial market also presents opportunities.