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PE-Backed Cobalt Commences Secondary Offering

Posted on: May 8, 2013 by Kirk FalconerNo Comments »

Texan oil exploration and production company Cobalt International Energy Inc. has commenced a public offering of 50,000,000 shares of common stock, all of which will be offered by selling stockholders affiliated with U.S. and Canadian private equity firms First Reserve Corp., Goldman, Sachs & Co., Riverstone Holdings, The Carlyle Group, and KERN Partners. Cobalt was acquired by these firms at the time of its establishment in 2005, and went public in 2009.

Carlyle and Palamon Capital Partners Acquire DBG

Posted on: April 17, 2013 by asormaniNo Comments »

The Carlyle Group, in partnership with Palamon Capital Partners, has acquired DBG Limited. Terms of the transaction were not disclosed.

KPS Speeds to $3.5B Finish for Fund IV: UPDATED

Posted on: April 15, 2013 by Luisa BeltranNo Comments »

In the private equity world, how fast is fast? KPS Capital Partners needed less three months to raise its most recent fund, which collected $3.5 billion.

The Carlyle Group Closes $623 Million C.L.O.

Posted on: March 28, 2013 by Connie LoizosNo Comments »

The Carlyle Group, the publicly traded asset manager, has closed a $623 million C.L.O. fund (typically a collection of large loans made by banks to corporations with higher amounts of leverage). It’s the firm’s second new-issue CLO of the year. Carlyle Global Market Strategies CLO 2013-2 will invest in corporate leveraged loans and high yield bonds. Morgan Stanley arranged the transaction.

Carlyle, ClearRock Properties Acquire 920 Broadway

Posted on: March 4, 2013 by asormaniNo Comments »

Global alternative asset manager The Carlyle Group and ClearRock Properties, a northeast regional owner and operator, have acquired 920 Broadway, a 106,000-square-foot, 17-story Flatiron District office tower on the corner of 21st street and Broadway. Financial terms of the acquisition, from Einstein College at Yeshiva University, were not disclosed.

Carlyle Profit Falls, But it is Closing in on $10B Fund Target: UPDATED

Posted on: February 21, 2013 by Luisa Beltran1 Comment »

It was an ENI surprise for The Carlyle Group Thursday. The alternative asset manager, which went public just last May, reported that fourth quarter profit fell 28%.

Carlyle Acquires DuPont Performance Coatings

Posted on: February 4, 2013 by asormaniNo Comments »

The Carlyle Group has completed its acquisition of DuPont Performance Coatings for $4.9 billion. The global supplier of coatings to the transportation and industrial sectors is being renamed Axalta Coating Systems. The investment was funded primarily with equity from Carlyle Partners V and Carlyle Europe Partners III.

Job of the Week – Make a Tactical Strike with Blackstone

Posted on: January 24, 2013 by asormani1 Comment »

This week there’s an opportunity to apply for an associate position with one of the global fund managing big boys, Blackstone.

Providence, Carlyle Exit Struggling Bank Technology Company – Buyouts

Posted on: January 23, 2013 by Steve BillsNo Comments »

Perhaps Providence Equity Partners Inc. and The Carlyle Group LP did well to get out before things got worse for portfolio company Open Solutions Inc., sister magazine Buyouts reported.

Carlyle Group Promotes 29 Professionals

Posted on: January 16, 2013 by asormaniNo Comments »

Global alternative asset manager The Carlyle Group has promoted 29 professionals to senior positions: nine to managing director and 20 to principal/director. The individuals work in Carlyle’s offices around the globe conducting buyout, growth capital, real asset and global market strategies transactions, as well as investor services activities.