Rodney Hedeen

DAYTON, OH—An $800 million printing and document outsourcing giant is about to emerge, as Reynolds and Reynolds, based here, spins off its Information Solutions Group (ISG) to The Carlyle Group for $360 million cash. The Carlyle Group, founded in 1987, is a Washington, D.C.-based global, private equity firm that organizes, structures and acts as lead equity investor in management-led buyouts, private placements and venture capital transactions. Carlyle has more than $10 billion of capital under management. Rodney Hedeen, president of ISG, will become CEO of the new company. The name of the business will be revealed when the transaction closes during its fourth

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