Dr. Dre s Beats Electronics receives expense from Carlyle

Beats Electronics LLC, founded by U.S. rapper Dr.nDre and audio producer Jimmy Iovine, mentioned personal fairness agency Carlyle Team LP has agreed to make a minority investment in the audio technological innovation firm.nTerms of the transaction had been not disclosed.

Even so, a man or woman familiar with the matter, who was not licensed to publicly talk about economic particulars of the deal, mentioned Carlyle would make investments $five hundred million in Beats Electronics, valuing it at more than $one billion.nnEquity for the investment will occur from affiliate marketers of Carlyle Associates V, Carlyle's $thirteen.7 billion U.S. buyout fund.nBeats Electronics also mentioned it agreed to purchase back the minority stake held by Taiwanese smartphone maker HTC Corp in the organization.nHTC acquired a fifty.one per cent stake in the firm in 2011, but sold half of it a calendar year later.nnFounded in 2008, Beats Electronics sells branded headphones, earphones and speakers, as effectively as Beats Audio software engineering.