Encana in talks to sell Wyoming natgas field to Carlyle, NPG – Reuters

Canadian oil and gas producer Encana Corporation is in advanced talks to sell its Wyoming natural gas field to private equity firms Carlyle Group and NGP Energy Capital Management for about $2 billion, according to the Wall Street Journal, writes Reuters. The company has been looking to sell its holdings in the so-called Jonah field as it shifts its focus away from natural gas to drilling for more valuable oil and natural gas liquids, the report said.


Carlyle leads group buying metal trader Traxys: Reuters

Carlyle Group, along with other investors, has agreed to acquire a majority stake in metals trader Traxys Group, sister news service Reuters reported, in the latest move by the U.S. private equity firm to boost its presence in commodities as big banks scale back.

Carlyle in exclusive talks to buy Tyco’s S.Korean unit – Reuters

Private equity firm Carlyle Group has entered into exclusive talks to buy Tyco International Inc‘s South Korean security systems unit, a business valued at around $2 billion, writes Reuters. A successful sale of the unit, ADT Caps, would be the second large private equity transaction in South Korea this year, after KKR & Co and Affinity‘s $5.8 billion sale of Oriental Brewery to Anheuser-Busch InBev SA.

First bids for Australia’s Transpacific waste unit due early Dec – Reuters

First-round bids are due in December for Transpacific Industries Group Ltd‘s New Zealand waste management unit, which is attracting interest from international private equity firms and trade bidders, writes Basis Point a Thomson Reuters publication. Suitors are said to include private equity giants Blackstone Group and Carlyle Group, as well as Japan’s Orix and New Zealand infrastructure investor Infratil.

China mall developer plans $1bln Hong Kong IPO – Reuters

SZITIC Commercial Property Co, which sold a stake in two of its malls to US private equity firm Carlyle Group in May, is planning an up to $1 billion Hong Kong IPO as soon as the fourth quarter of 2013, the Wall Street Journal reported on Tuesday, writes Reuters. The Shenzhen-based shopping mall developer hired JPMorgan and China International Capital Corp to handle the initial public offering, writes Reuters.


CalPERS Taps Carlyle For Biggest Pledge Of 2013

The $265 billion California Public Employees’ Retirement System, the largest pension in the United States, approved its biggest private equity commitment so far in 2013, pledging $547 million to The Carlyle Group’s newest flagship fund, Carlyle Partners VI LP, according to board meeting materials made public by CalPERS. A CalPERS spokesman declined to comment further.

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Blackstone and Warburg Among Bidders for Carlyle’s Arinc — Sources

(Reuters) – Blackstone Group and Warburg Pincus are among the buyout firms through to the second round of the auction for Carlyle Group‘s aerospace communications firm Arinc Inc, several people familiar with the matter said this week. Hellman & Friedman, Advent International and BC Partners are also in the mix, sources said.

Carlyle-Backed New Century REIT to Cut HK IPO by at Least Half – IFR

(Reuters) – New Century Real Estate Investment Trust, which is backed by private equity firm Carlyle Group, plans to slash its Hong Kong initial public offering by at least 50 percent because of tepid demand for new listings in the city, IFR reported on Thursday. The IPO will be at least half the up to $254 million originally planned, IFR reported. New Century owns four five-star hotels in mainland China.

Reuters – Carlyle’s Rubenstein Buys 1776 Printing of Declaration of Independence

Carlyle Group CEO David Rubensteinon Tuesday paid $632,500, a record amount, for a copy of the first newspaper printing of the U.S. Declaration of Independence, according to Reuters. Rubenstein has purchased several historic documents that he has loaned to U.S. institutions, including a copy of the Emancipation Proclamation, Reuters reported. Rubenstein, 63, had a net worth of $3 billion as of March, according to Forbes magazine, which ranked him No. 458 out of the world’s 1,426 billionaires.

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