first read April 29

peHUB First Read

Catch up on the latest midweek news with this morning’s First Read including Vortus reaching a first close, news on UTIMCO’s recent fund gains and French caterer Elior raising over a billion in its market debut.


Carlyle acquires majority stake in Talent Partners

The Carlyle Group is acquiring a majority interest in Talent Partners. Equity for the investment will come from the Carlyle Equity Opportunity Fund. The business is a New York-based talent payroll, production support services and rights management solutions provider to the advertising industry.

Carlyle Group announces first quarter 2014 financial results

The Carlyle Group has reported its unaudited results for the first quarter of 2014, which ended on March 31, 2014. Highlights include distributable earnings increasing 25 percent over the prior twelve month period to more than $850 million. Fundraising, fund performance, and investing activity were all reported to be running at strong levels.


Carlyle announces prelim Q1 carry fund valuations

The Carlyle Group has released preliminary performance metrics for its carry funds during the first quarter of 2014. The Carlyle Group preliminary carry fund valuations increased 6 percent during the first quarter of 2014.


Carlyle closes two CLOs totaling $1.25 bln

Global alternative asset manager The Carlyle Group has closed two Collateralized Loan Obligation funds in the U.S. and Europe totaling $1.25 billion. Carlyle GMS CLO 2014-1 and Carlyle GMS Euro CLO 2014-1 will invest predominantly in senior secured bank loans.


Mark Burgess gets IPG CEO title

The Carlyle Group has appointed Mark Burgess, former CEO of Graham Packaging and Anchor Glass, to Industrial Packaging Group as CEO at the close of Carlyle’s acquisition of IPG from Illinois Tool Works. Craig Hindman, ITW executive vice president who currently leads IPG, will leave IPG after the closing and serve in a consulting role.


Carlyle to acquire ADT Korea from Tyco

The Carlyle Group is to acquire a 100% stake in Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries that form and operate the company’s Korean security business from Tyco, a pure-play fire protection and security company. The transaction is valued at approximately $1.93 billion.

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