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Softbank to Invest in Willcom
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(Reuters) - Softbank Corp, Japan’s third-largest mobile phone operator, said it would invest in bankrupt rival Willcom Inc as it aims to expand its network and close the gap with NTT DoCoMo and KDDI Corp. Willcom, majority-owned by U.S. private equity firm Carlyle, last month filed for bankruptcy with 206 billion yen ($2.3 billion) in debt and sought assistance from a state-backed fund to help it find new investors. The state-backed fund, the Enterprise Turnaround Initiative Corp of Japan (ETIC), said on Friday that it had agreed to support Willcom along with investment from Softbank and Japanese private equity firm Advantage Partners. Under the deal, Willcom will spin off an advanced, high-speed mobile service into a new company, separating it from its exis |
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Carlyle Looks To Sell Arinc
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NEW YORK (Reuters) - Private equity firm Carlyle has hired Goldman Sachs Group Inc (GS.N) to sell aerospace and defense company Arinc, a source familiar with the matter told Reuters. The company has not sent out a sales prospectus to potential buyers yet, and an auction will likely not start for another few weeks, the source said. The person spoke on condition of anonymity because the process has not been made public. Carlyle and Goldman Sachs were not immediately available for comment. Arinc, which provides communications and engineering solutions for the U.S. Department of Defense, the U.S. government as well as commercial clients, will likely draw interest fro |
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Shanks Walks Away from Carlyle Buyout Talks
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LONDON (Reuters) - British waste management company Shanks (SKS.L) ended talks with buyout firm Carlyle Group after rejecting a reduced 120 pence per share indicative cash offer, sending its shares down 14.5 percent. Shanks said it received a final offer from Carlyle on Monday valuing the business at 476 million pounds ($713 million), lower than the 536 million, or 135 pence per share, which the private equity firm offered in December. “Carlyle has failed to offer a price which in the view of the board properly reflects the value of the group,” Shanks chairman Adrian Auer said, adding further talks would not be in the interests of shareholders. At t |
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Ex-Morgan Stanley Banker To Join Carlyle Group
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NEW YORK (Reuters) - Former Morgan Stanley (MS.N) executive Mitch Petrick is joining Carlyle Group to head the private equity firm’s leveraged finance and mezzanine business for the United States and Europe, a source familiar with the situation said late on Monday. Petrick was displaced in a management shuffle at Morgan Stanley in December as new chief executive James Gorman put his own team in place. Petrick was global head of sales and trading. Petrick joined Morgan Stanley in 1989 and became a managing director in 2006. He was promoted to oversee the firm’s trading operations in 2007. The firm was widely criticized for missing out on windfall trading profits during the first half of 2009 which helped rival Goldman Sachs Group Inc (GS.N) to a record an |
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Butterfield Raises $550 Million from Carlyle, Others
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| Posted on: March 2nd, 2010 |
The Carlyle Group is among several firms to invest a total of $550 million of new equity into Butterfield, a Bermuda-based community bank and provider of specialised international financial services. ...
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Carlyle, Fosun To Launch PE Fund in China
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| Posted on: February 24th, 2010 |
HONG KONG/SHANGHAI (Reuters) - U.S. buyout giant Carlyle Group will team up with China's largest non-state-owned conglomerate Fosun Group to launch a $100 million yuan-denominated private equity fund,...
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Japan’s Willcom To File for Bankruptcy, Wipe Out Carlyle
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| Posted on: February 18th, 2010 |
TOKYO (Reuters) - Japanese mobile communications provider Willcom Inc said on Thursday it has filed for bankruptcy with 206 billion yen ($2.3 billion) in debt, a move that will wipe out an investment ...
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Carlyle’s Rubenstein: Banks Will Pull Back on PE, Prep for Volcker Rule
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| Posted on: February 10th, 2010 |
BERLIN(Reuters) - Large banks will likely pare back their private equity-related operations in anticipation of the so-called "Volcker rule", despite it being unclear if it will be adopted, the co-foun...
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Carlyle Names Europe/MENA HR Chief
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| Posted on: January 28th, 2010 |
The Carlyle Group has named Annie Paydar as the London-based head of human resources for the European and MENA regions. She previously led HR activities for the firm's New York office.
PRESS RELEAS...
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Carlyle Group Promotes 33
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| Posted on: January 14th, 2010 |
The Carlyle Group has promoted 33 professionals, including the following seven to managing director: Anand Balasubrahmanyan (Asia buyout), Pam Bentley (Accounting), Oussama Daher (European real estat...
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Carlyle Among Bidders for Buy the Way
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| Posted on: January 14th, 2010 |
TOKYO (Reuters) - Japanese retailer Ministop (9946.T), South Korea's Lotte Group and U.S. private equity firm Carlyle Group will make final bids for South Korean retailer Buy The Way on Friday, two so...
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Carlyle Group Seals MOU with Beijing for Yuan Fund
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| Posted on: January 12th, 2010 |
HONG KONG (Reuters) - U.S. private equity giant the Carlyle Group has signed a memorandum of understanding (MOU) with China to launch a yuan-denominated fund in Beijing, the firm said in a statement o...
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Carlyle Buys Majority Stake in Brazilian Tourism Agency
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| Posted on: January 7th, 2010 |
SAO PAULO (Reuters) - U.S.-based buyout firm Carlyle Group bought 63.6 percent of CVC Turismo, Brazil's largest tourism agency, for an undisclosed amount, as the private equity firm casts about for de...
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Carlyle: We’re Mulling Deal for Shanks
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| Posted on: December 24th, 2009 |
LONDON (Reuters) - U.S. private equity firm Carlyle Group said it has talked to British waste management company Shanks Group (SKS.L) about a possible takeover offer.
Earlier this month, Shanks sai...
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China Pacific Shares Up In Their Debut
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| Posted on: December 23rd, 2009 |
HONG KONG/SHANGHAI (Reuters) - Shares of China Pacific Insurance (Group) Co (2601.HK), the country's third-largest life insurer, rose 1 percent on their debut in Hong Kong after the Carlyle Group-back...
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China Pacific Raises $3.1 Billion in IPO
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| Posted on: December 16th, 2009 |
HONG KONG (Reuters) - China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, raised US$3.1 billion in the world's seventh-largest IPO this year, when it priced its Hong Kong...
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Carlyle May Pay $250 Million for Brazil’s CVC Turismo
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| Posted on: December 15th, 2009 |
SAO PAULO (Reuters) - U.S.-based buyout firm Carlyle Group may pay around $250 million for about 60 percent of CVC Turismo, Brazil's largest tourism agency, a source with direct knowledge of the deal ...
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Carlyle Backs Turkish Healthcare Services Co.
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| Posted on: December 10th, 2009 |
The Carlyle Group has acquired a 40% stake in Turkish healthcare services company Medical Park Sağlık Hizmetleri AS. No pricing terms of the all-equity deal were disclosed.
PRESS RELEASE
Globa...
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Carlyle Could Make $4 Billion Profit on China Pacific
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| Posted on: December 8th, 2009 |
HONG KONG (Reuters) - The Carlyle Group, the U.S. buyout giant backing China Pacific Insurance (Group) Co Ltd (601601.SS), could make a $4 billion profit -- a return of more than six times its investm...
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Carlyle Offers To Buy UK Waste Management Co Shanks
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| Posted on: December 7th, 2009 |
LONDON (Reuters) - British waste management firm Shanks Group Plc revealed a 536 million pound ($889 million) buyout approach, sending its shares soaring, but said its board and key shareholders were ...
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China Pacific Insurance To Raise $3.6 Billion IPO
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| Posted on: December 6th, 2009 |
HONG KONG (Reuters) - China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, plans to raise up to HK$28.3 billion (US$3.6 billion) from a Hong Kong initial public offering, ...
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Carlyle Raises Fee Split Percentage
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| Posted on: December 2nd, 2009 |
Carlyle Group has agreed to share 80% of fee income on its fifth fund with investors, Bloomberg and The Wall Street Journal reported. The split is an increase from its current 65% split. http://www.ca...
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Carlyle Group founder says plans Brazil investments soon
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| Posted on: December 2nd, 2009 |
(Reuters) - U.S. private equity firm the Carlyle Group [CYL.UL] plans to announce two or three deals soon in Brazil, Latin America's largest economy, co-founder David Rubenstein said on Wednesday.
...
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Report: Kuwaiti Conglomerate Sues Carlyle Group
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| Posted on: December 1st, 2009 |
NEW YORK (Reuters) - A Kuwaiti conglomerate is suing private equity firm Carlyle Group in a local court, alleging that it misrepresented the safety of affiliate Carlyle Capital Corp (CCC), a public de...
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China Pacific Receives HK IPO Approval
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| Posted on: November 27th, 2009 |
HONG KONG (Reuters) - China Pacific Insurance (Group) Ltd (601601.SS) received approval from the listing committee of Hong Kong's stock exchange for its $3.4 billion Hong Kong IPO, said a source close...
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Softbank Offers To Buy Willcom from Carlyle
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| Posted on: November 26th, 2009 |
TOKYO (Reuters) - Softbank Corp (9984.T), Japan's No. 3 wireless carrier, is offering to buy struggling telecom firm Willcom Inc, the Yomiuri newspaper reported on Friday.
Willcom, whose top shareh...
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Weekly Downgrade Wrap-Up
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As usual, we have a week’s worth of ratings actions on the debt of LBO-backed companies from S&P and Moody’s Investors Service. This week was a busy one for downgrades and debt exchanges, with... |
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Carlyle, CVC Eye Natural Gas Madrid Assets
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| Posted on: November 20th, 2009 |
(Reuters) - Carlyle, CVC and funds linked to Morgan Stanley and Macquarie are readying binding bids for Gas Natural's Madrid gas-distribution assets ahead of a Nov. 30 deadline, people familiar with t...
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Carlyle-Backed China Forestry Plans IPO
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| Posted on: November 16th, 2009 |
HONG KONG (Reuters) - China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late t...
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Carlyle Buying OpenLink Financial from TA Associates
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| Posted on: November 9th, 2009 |
The Carlyle Group has agreed to buy OpenLink Financial from TA Associates. No financial terms were disclosed for the deal, which is expected to close later this quarter. Bank of America Securities and...
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Carlyle Group Buying Japanese Restaurant Chain
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| Posted on: November 6th, 2009 |
TOKYO (Reuters) - The Carlyle Group said on Friday it would buy a Japanese restaurant chain operator in a 21 billion yen ($230 million) management buyout, its second deal in Japan in two weeks.
The...
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RMI Buying ExpressYard
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| Posted on: November 3rd, 2009 |
RMI, a Carlyle Group portfolio company that provides software to the transportation industry, has acquired ExpressYard, a Flint, Mich.-based provider of SaaS applications that support the billing of r...
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Carlyle Buying Japenese Auto Software Maker
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| Posted on: October 27th, 2009 |
TOKYO (Reuters) - Private equity firm The Carlyle Group said it would buy Broadleaf Co, a Japanese maker of software for car maintenance facilities, in a 19.5 billion yen ($212 million) management buy...
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Will Pay-to-Play Enter New Jersey Gov Race?
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| Posted on: October 26th, 2009 |
Apollo Management Carlyle Group New York Scandal Quadrangle Group |
New Jersey does not have a long history of investing in private equity, making its first fund commitments just four years ago. But that doesn't mean that private equity won't become an issue in next ...
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This Week in Debt Performance
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As usual, we have a week’s worth of ratings actions on the debt of LBO-backed companies from ratings agencies Standard & Poor’s Investors Ratings Services and Moody’s Investor Service. This ... |
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Carlyle Woos Women To Male-Dominated PE World
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| Posted on: October 23rd, 2009 |
The Carlyle Group -- at one time famous for having former presidents and prime ministers on its payroll -- is taking a step to attract more women and minorities into the male-dominated world of priva...
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Carlyle PIPEs China Agritech
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| Posted on: October 20th, 2009 |
Carlyle Group has purchased a 16.5% stake in China Argitech, an Asian organic fertilizer maker, for $15 million.
PRESS RELEASE:
China Agritech, Inc. (NasdaqGM: CAGC) ("China Agritech", or the "Co...
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Which Buyout Firms are Targeting Asia?
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| Posted on: October 19th, 2009 |
While the market for buyouts in traditional U.S. and European markets has begun to trickle back, there is still much of the excitement from both LPs and GPs rests in Asia.
Carlyle Group taken a par...
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PE-Backed Stallion Oilfield Files for Bankruptcy
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| Posted on: October 19th, 2009 |
(Reuters) - Stallion Oilfield Services, a Houston, Texas-based oilfield services company, filed for Chapter 11 bankruptcy protection, hurt by a fall in the use of land-based drilling rigs and increase...
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Carlyle Group
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| Posted on: October 15th, 2009 |
Carlyle Group has gathered $22.35 million in commitments toward Carlyle Realty Distressed RMBS Partners III LP. The vehicle will invest in distressed residential mortgage-backed securities. The fund f...
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Carlyle: Private equity to transform over 2-3 years
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| Posted on: October 13th, 2009 |
(Reuters) - Carlyle Group CYL.UL co-founder David Rubenstein said the private equity industry would grow larger than before the bubble burst as it transforms itself over the next 2-3 years.
Private...
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Carlyle’s Mexico Team Spins Out
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| Posted on: October 1st, 2009 |
The Carlyle Group’s investment team in Mexico has spun out into an independent firm named EMX Capital. It will continue to manage Carlyle Mexico Partners, a $134 million fund closed in 2005. That fu...
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Report: Carlyle, 3i Eye Stake in Indian Strides
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| Posted on: September 30th, 2009 |
MUMBAI (Reuters) - Private equity firms Carlyle Group and 3i (III.L) are among those holding preliminary discussions to take a minority stake in India's Strides Arcolab's (STAR.BO) injectables busines...
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Gregory Summe Joins The Carlyle Group
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| Posted on: September 23rd, 2009 |
Gregory Summe has joined The Carlyle Group as vice chairman of the firm's global buyouts practice. He previously was a senior advisor to Goldman Sachs Capital Partners and, before that, spent 11 years...
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Carlyle Buys Stake in Chinese Dairy
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| Posted on: September 20th, 2009 |
HONG KONG (Reuters) - The Carlyle Group said on Sunday that the U.S. private equity giant had bought a minority stake in Yashili to help the leading Chinese infant formula maker improve its research a...
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Weekly Downgrade Wrap-Up
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| Posted on: September 18th, 2009 |
As usual, we have a week’s worth of ratings actions on the debt of LBO-backed companies from ratings agencies Standard & Poor’s Ratings Services and Moody’s Investors Service.
It's Carlyl...
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Liveblogging Q&A With David Rubenstein
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| Posted on: September 17th, 2009 |
The final keynote of this year's Private Equity Analyst conference is an interview with Carlyle Group co-founder David Rubenstein.
This comes just after the FT reported that Carlyle is back on the ...
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Carlyle Group Denies FT Report of Upcoming IPO
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| Posted on: September 17th, 2009 |
NEW YORK (Reuters) - Private equity firm Carlyle has resumed deliberations about a possible public listing, the Financial Times reported on Wednesday, but the company immediately denied such plans.
...
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Taiwan Mobile To Pay Carlyle $1 Billion in Swap Deal
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| Posted on: September 16th, 2009 |
TAIPEI/HONG KONG (Reuters) - Carlyle Group and Taiwan Mobile struck a $1 billion deal on Wednesday, with Carlyle taking a big chunk of the telecommunications group in a sign the private equity firm ha...
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Carlyle Raising $3 Billion Asia Fund
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| Posted on: September 11th, 2009 |
HONG KONG (Reuters) - The Carlyle Group is raising a new Asia buyout fund with a target size of up to $3 billion as the U.S. private equity giant aims to tap more deals in Asia, two fund industry sour...
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Low Bids Hurt AIG’s Taiwan Unit Sale Plan
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| Posted on: August 28th, 2009 |
AIG Bain Capital Carlyle Group Fubon Financial Nan Shan Life |
TAIPEI (Reuters) - AIG's (AIG.N) plan to sell its Taiwan Nan Shan Life unit was thrown into doubt on Friday as three bidders offered less than $1.5 billion each for the unit, far lower than the $2 bil...
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Carlyle Group The Latest to Bulk Up In-House IR
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| Posted on: August 24th, 2009 |
BC Partners Blackstone Group Carlyle Group Pine Brook Road Partners |
With its hiring of Debra Pederson, Carlyle Group is the latest in what's sure to be a trend of buyout houses bulking up their in-house fundraising teams.
The move comes as the SEC has moved to ban ...
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Debra Pedersen Joins Carlyle Group
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| Posted on: August 24th, 2009 |
Debra Pedersen has joined The Carlyle Group as a managing director of global leveraged finance, with a focus on investor relations and fundraising. She previously was a managing director with Plainfie...
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Weekly Downgrade Wrap-Up
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| Posted on: August 21st, 2009 |
As usual, we have a weeks worth of ratings actions on the debt of buyout-backed companies from ratings agencies Moody’s and Standard & Poor’s. Dollar General got upgraded, CD&R's new deal ...
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Price, Union Threaten AIG’s Taiwan Unit Sale
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| Posted on: August 19th, 2009 |
TAIPEI/HONG KONG (Reuters) - A rich asking price could once again sink AIG's (AIG.N) plan to sell its Taiwan insurance unit after an attempt at a sale earlier this year met a similar fate.
American...
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Haruyasu Asakura Leaves Carlyle
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| Posted on: August 17th, 2009 |
Haruyasu Asakura has resigned as head of The Carlyle Group’s growth equity team in Japan, according to AltAssets. A spokesman told the publication that he plans to “join the public sector.” www....
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