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Reuters – Carlyle Seeks up to $4bn for Property Fund

Posted on: June 12, 2013 by Reuters NewsNo Comments »

Carlyle Group is preparing to launch a US real estate fund and hopes to raise as much as $4 billion, the Wall Street Journal reported, writes Reuters. Rivals Blackstone Group, TPG Capital Management and KKR already have funds to tap into the real estate market. Blackstone has more than $54 billion of property assets under management.

Reuters – CD&R, Carlyle, BofA Sell Remaining Hertz Stake

Posted on: May 7, 2013 by Reuters NewsNo Comments »

Hertz Global Holdings‘ private equity investors Clayton, Dubilier & Rice, Carlyle Group and Bank of America Merrill Lynch have sold off their remaining shares in the car rental agency for $1.24 billion, writes Reuters. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each. Before the sales, CD&R and Carlyle were the second and third largest shareholders in Hertz, respectively, according to Thomson Reuters data.

Reuters – Pamplona Capital in Talks to Buy Medical Park

Posted on: April 22, 2013 by Reuters NewsNo Comments »

London-based private equity fund Pamplona Capital Management is in talks to buy a majority stake in Turkish hospitals group Medical Park, writes Reuters. U.S. private equity firm Carlyle Group acquired a 40 percent stake in Medical Park in 2009 for an undisclosed amount alongside businessmen Muharrem Usta and Haydar Sancak, who each own 30 percent.

Carlyle Invests in Addison Lee

Posted on: April 19, 2013 by Luisa BeltranNo Comments »

The Carlyle Group has made a “significant” investment in Addison Lee. Financial terms weren’t announced. Addison Lee is a U.K. taxi company. The investment comes from Carlyle Europe Partners III L.P., a 5.4 billion Euro (US$7 billion) fund that makes mid and large cap investments. Reuters says the investment was in the region of 300 million pounds ($458.8 million).

Reuters Exclusive: Numericable’s PE Owners Weigh IPO

Posted on: April 17, 2013 by Reuters NewsNo Comments »

(Reuters) – Private equity owners of Numericable have asked about 10 banks to pitch on a possible stock exchange listing this year that could value the French cable company at around 4 billion euros ($5.3 billion), three people with knowledge of the plan said. Numericable is owned by CinvenCarlyle Group and Altice Group.

Panasonic Hires Merrill Lynch to Sell Healthcare Unit Stake

Posted on: April 16, 2013 by Reuters NewsNo Comments »

Japan’s Panasonic Corp has hired Bank of America Merrill Lynch to sell a part of its healthcare unit in a deal that could raise as much as $1 billion writes Reuters. Merrill Lynch will begin providing information on the sale to potential bidders by May, including private equity funds Bain Capital and Carlyle Group, writes Reuters.

Kasser Joins Neuberger Berman

Posted on: April 15, 2013 by Luisa BeltranNo Comments »

Susan Kasser has joined Neuberger Berman as an MD and head of private debt at Neuberger Berman Alternatives. Kasser joined Neuberger Berman in March and is based in New York. Most recently, Kasser was with the Carlyle Group, where she was a founding member of Carlyle Mezzanine Partners.

Reuters – Thermo Fisher Nears $13bn Life Tech Deal

Posted on: April 15, 2013 by Reuters NewsNo Comments »

Thermo Fisher Scientific is nearing a deal to buy genetic testing equipment maker Life Technologies for close to $13 billion, writes Reuters. Life Technologies’ board chose Thermo Fisher over Sigma-Aldrich Corp, a maker of chemicals for research laboratories, and a private equity consortium consisting of Blackstone Group, Carlyle Group, KKR and Temasek Holdings, writes Reuters.

New York City Makes Mammoth $1.1B In PE Commitments

Posted on: April 9, 2013 by Gregory RothNo Comments »

The New York City Retirement Systems, the $127 billion group of municipal pensions overseen by the city comptroller’s office, made an impressive $1.1 billion in commitments to five private equity funds in the first quarter, according to Stephanie Hoo, a senior press officer. According to sister magazine, Buyouts, the funds are managed by The Carlyle Group, Platinum Equity…

Carlyle’s Rubenstein: Non-U.S. PE Firm Likely to Join Ranks of Seven Global Buyout Shops

Posted on: April 3, 2013 by Luisa BeltranNo Comments »

A major private equity firm, not based in the U.S., will likely join the ranks of seven large buyout shops that invest globally, says David Rubenstein, the Carlyle Group’s co-CEO and co-founder.