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.

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

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

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

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

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

(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.

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