Qwest Communications Agreed to Sell Its Slow but Steadily Growing

Essay

Qwest Communications agreed to sell its slow but steadily growing yellow pages business, QwestDex, to a consortium led by the Carlyle Group and Welsh, Carson, Anderson and Stowe for $7.1 billion in late 2002. Why do you believe the private equity groups found the yellow pages business attractive? Explain the following statement: "A business with high growth potential may not be a good candidate for an LBO."