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Carlyle cashes out of Allison Transmission

The Carlyle Group said Tuesday it has sold its remaining 2.7 million shares in Allison Transmission. Carlyle and Onex Corp. acquired Allison Transmission in August 2007. Allison Transmission, an auto-parts makers, went public in 2012.

Carlyle, Fountainvest exit $1.9 bln bid for Shanda Games – Reuters

Carlyle Group and Fountainvest Partners have pulled out of a consortium backing a $1.9 billion bid to buy U.S. listed online games developer Shanda Games, writes Reuters. China online game developer Perfect World Co Ltd and China-focused private equity firm Primavera Capital have also exited the consortium.

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NBTY names Cahillane CEO

NBTY, which is backed by the Carlyle Group, said it named Steven Cahillane its CEO. Cahillane is the former President of Coca-Cola Americas and successfully integrated Coca‐Cola Enterprises’ North American bottling operations. Cahillane succeeds Jeff Nagel and begins his new role on September 8th.

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Centre Partners closes Ross Aviation sale to Carlyle

Centre Partners Management said Tuesday it has closed its previously announced sale of Ross Aviation to Landmark Aviation, which is backed by The Carlyle Group. Financial terms weren’t announced. Denver-based Ross Aviation provides aviation fueling, hangar and other line services to business and commercial aviation customers. Rothschild advised Landmark on the deal while Harris Williams & Co. advised Ross Aviation.

Carlyle’s second-quarter earnings double: Reuters

Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.

RandySchwimmer
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Publisher Schwimmer: ‘Your tour guide in loan land': Buyouts

After a two-year hiatus, Randy Schwimmer is back with his weekly e-newsletter covering the middle-market leveraged lending scene. The Lead Left, which debuted last week, is the successor to On the Left, the popular e-newsletter that Schwimmer wrote while he was a senior managing director and head of capital markets at Churchill Financial.

friday
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In Second Opinion, ex-Time executive Fran Hauser is a VC now, Portillo’s Hot Dogs is on the block, the world’s biggest private equity firms and Snapchat’s big update disrupts a high school classroom.

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