Japan’s Marubeni in Talks to Acquire Carlyle-Backed TiAuto

Japan’s Marubeni Corp. is in talks to acquire Carlyle Inc.-backed TiAuto Investments Ltd., according to people with knowledge of the matter.

The deal for the South African retailer of automotive tires and parts may be valued at about 2.6 billion rand ($149 million), said the people who asked not to be identified as details of the transaction are private. Old Mutual Ltd.’s private equity business is also an investor in the operator of Tiger Wheel & Tyre Ltd.

Old Mutual Private Equity and other shareholders are at a “very advanced stage of engagement with Marubeni to sell ...