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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.

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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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LACERA to focus on ‘top tier’ venture funds

From the looks of it, the Los Angeles County Employees Retirement Association could be one of the busiest limited partners in the industry this year, with the potential to commit up to $1.8 billion. Its investment focus will include building exposure to smaller buyout managers, as well as ‘top tier’ venture funds.

Carlyle and Vitol to invest in Varo Energy

The Carlyle Group and Vitol Group have announced a transaction to establish Varo Energy B.V. as a major midstream energy business in north-west Europe. Under the terms of the proposed transaction, Vitol and Carlyle International Energy Partners will each own 50 percent of an enlarged Varo Energy Group. AtlasInvest will sell its shareholding in Varo […]

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Watch Buyouts Texas live

If you can’t make it to our Buyouts Texas conference this week, don’t fret. We are streaming some of the top speakers Tuesday and Wednesday right here on peHUB.

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Carlyle’s Paradigm Precision acquires Unison Engine Components’ manufacturing facilities

The Carlyle Group portfolio company Dynamic Precision Group, operating under the market-facing name Paradigm Precision has closed its acquisition of eight aerospace component fabrication and machining facilities from Unison Engine Components, a subsidiary of GE Aviation. The sites, which employ 825 people, are located in Manchester, CT; Burnley, Lancashire, UK; and Orillia, Ontario, Canada.

Carlyle closes $415m CLO

Global alternative asset manager The Carlyle Group has closed a $415 million Collateralized Loan Obligation fund, the firm’s sixth new-issue CLO this year with four in the US and two in Europe. Carlyle Global Market Strategies CLO 2013-4 will invest in corporate leveraged loans and high yield bonds. Wells Fargo arranged the transaction.

Carlyle names Kewsong Lee deputy CIO

Global alternative asset manager The Carlyle Group has appointed Kewsong Lee as deputy chief investment officer for corporate private equity. Lee joins from Warburg Pincus where he was managing director and member of the executive management group.

Carlyle and AlpInvest in Indiana life sciences funds deal

The Carlyle Group and AlpInvest Partners have assumed management of two funds of funds with a focus on Indiana life sciences companies: the Indiana Future Fund, a $72.6 million fund of funds, and its $58 million successor, the INext Program. The transfer from a third party brings assets managed by Carlyle and AlpInvest in the state to approximately $438 million.

Carlyle closes European CLO

Global alternative asset manager The Carlyle Group has closed a Collateralized Loan Obligation fund, the firm’s second new-issue CLO in Europe this year. Carlyle GMS Euro CLO 2013-2 will invest predominantly in new issue and secondary market European senior secured bank loans. Citibank arranged the transaction.

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