Carlyle Group (CG +0.3%) appears to be gunning for U.K. military equipment maker Chemring Group...

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

Carlyle Group (CG +0.3%) appears to be gunning for U.K. military equipment maker Chemring Group PLC (CMCMY.PK). The company confirmed the private equity group's interest after its U.K.-listed shares jumped nearly 32% on takeover speculation. LBO firms have already been actively moving into the sector: Gardner-Airia Holdings SAS recently bought French aerospace components maker Airia SAS, while LDC, the buyout arm of Lloyds Banking Group (LYG) owns MB Aerospace.