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Softbank to Invest in Willcom

Posted on: March 12th, 2010

(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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peHUB

Carlyle Looks To Sell Arinc

Posted on: March 9th, 2010

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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peHUB

Shanks Walks Away from Carlyle Buyout Talks

Posted on: March 9th, 2010

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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peHUB

Ex-Morgan Stanley Banker To Join Carlyle Group

Posted on: March 9th, 2010

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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peHUB

Butterfield Raises $550 Million from Carlyle, Others

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. ...


peHUB

Carlyle, Fosun To Launch PE Fund in China

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,...


peHUB

Japan’s Willcom To File for Bankruptcy, Wipe Out Carlyle

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 ...


peHUB

Carlyle’s Rubenstein: Banks Will Pull Back on PE, Prep for Volcker Rule

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...


peHUB

Carlyle Names Europe/MENA HR Chief

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...


peHUB

Carlyle Group Promotes 33

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...


peHUB

Carlyle Among Bidders for Buy the Way

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...


peHUB

Carlyle Group Seals MOU with Beijing for Yuan Fund

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...


peHUB

Carlyle Buys Majority Stake in Brazilian Tourism Agency

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...


peHUB

Carlyle: We’re Mulling Deal for Shanks

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...


peHUB

China Pacific Shares Up In Their Debut

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...


peHUB

China Pacific Raises $3.1 Billion in IPO

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...


peHUB

Carlyle May Pay $250 Million for Brazil’s CVC Turismo

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 ...


peHUB

Carlyle Backs Turkish Healthcare Services Co.

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...


peHUB

Carlyle Could Make $4 Billion Profit on China Pacific

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...


peHUB

Carlyle Offers To Buy UK Waste Management Co Shanks

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 ...


peHUB

China Pacific Insurance To Raise $3.6 Billion IPO

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, ...


peHUB

Carlyle Raises Fee Split Percentage

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...


Erin Griffith

Carlyle Group founder says plans Brazil investments soon

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. ...


peHUB

Report: Kuwaiti Conglomerate Sues Carlyle Group

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...


peHUB

China Pacific Receives HK IPO Approval

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...


peHUB

Softbank Offers To Buy Willcom from Carlyle

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...


Erin Griffith

Weekly Downgrade Wrap-Up

Posted on: November 20th, 2009

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...


peHUB

Carlyle, CVC Eye Natural Gas Madrid Assets

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...


peHUB

Carlyle-Backed China Forestry Plans IPO

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...


peHUB

Carlyle Buying OpenLink Financial from TA Associates

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...


peHUB

Carlyle Group Buying Japanese Restaurant Chain

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...


peHUB

RMI Buying ExpressYard

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...


peHUB

Carlyle Buying Japenese Auto Software Maker

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...


Dan Primack

Will Pay-to-Play Enter New Jersey Gov Race?

Posted on: October 26th, 2009

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 ...


Erin Griffith

This Week in Debt Performance

Posted on: October 23rd, 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 Investors Ratings Services and Moody’s Investor Service. This ...


Megan Davies

Carlyle Woos Women To Male-Dominated PE World

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...


peHUB

Carlyle PIPEs China Agritech

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...


Erin Griffith

Which Buyout Firms are Targeting Asia?

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...


peHUB

PE-Backed Stallion Oilfield Files for Bankruptcy

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...


Erin Griffith

Carlyle Group

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...


peHUB

Carlyle: Private equity to transform over 2-3 years

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...


peHUB

Carlyle’s Mexico Team Spins Out

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...


peHUB

Report: Carlyle, 3i Eye Stake in Indian Strides

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...


peHUB

Gregory Summe Joins The Carlyle Group

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...


peHUB

Carlyle Buys Stake in Chinese Dairy

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...


Erin Griffith

Weekly Downgrade Wrap-Up

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...


Erin Griffith

Liveblogging Q&A With David Rubenstein

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 ...


peHUB

Carlyle Group Denies FT Report of Upcoming IPO

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. ...


peHUB

Taiwan Mobile To Pay Carlyle $1 Billion in Swap Deal

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...


George Chen

Carlyle Raising $3 Billion Asia Fund

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...


peHUB

Low Bids Hurt AIG’s Taiwan Unit Sale Plan

Posted on: August 28th, 2009

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...


Erin Griffith

Carlyle Group The Latest to Bulk Up In-House IR

Posted on: August 24th, 2009

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 ...


peHUB

Debra Pedersen Joins Carlyle Group

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...


Erin Griffith

Weekly Downgrade Wrap-Up

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 ...


peHUB

Price, Union Threaten AIG’s Taiwan Unit Sale

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...


peHUB

Haruyasu Asakura Leaves Carlyle

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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