September 05, 2008

The former De La Rue Cash Systems Division (Basingstoke, UK), has launched as Talaris, following its acquisition by a global private equity group, The Carlyle Group (Washington, D.C.). Talaris has been acquired by Carlyle Europe Partners III, The Carlyle Group's third European buyout fund, which closed in 2007 with 5.35 billion in commitments.

Talaris, which has 30 offices in 14 countries, provides cash handling solutions that enable 500 million banknotes to be processed globally on a daily basis. The firm serves banks, financial institutions and retailers in more than 60 countries.

"As the demand for cash as a payment method continues to grow globally, so does the demand for products which can support greater quality and efficiency in customer service and security, and help clients respond to regulation," says Andrew Burgess, managing director of The Carlyle Group. "Unique technology, inherent expertise across some 2,300 professionals and a successful management team is the powerful combination that will ensure this is the first phase in the delivery of a dynamic new business."