I never thought the Carlyle Group would be a "wannabe." The PE firm is meeting privately with analysts to convince them that Carlyle is worth at least as much as the Blackstone Group, according to Bloomberg News. The Carlyle IPO could raise as much as $1 billion and the offering could be filed as soon as this month, the story says. Carlyle, in the article, is claiming that its steadier earnings should reward shareholders with a more predictable dividend than other PE firms. The Carlyle IPO has been over-reported. All year we've been hearing that the deal is expected this year but then it's not and then it is. For what it's worth, my coworkers at Thomson Reuters said in June that Carlyle was interviewing investment banks to pick underwriters for the IPO. The offering could weigh in at $750 million to $1 billion, Reuters said at the time.
Google’s latest and greatest acquisition is its $12.5 billion buy of Motorola, incorporating into its stable a major handset maker and patent library that transcends the company’s long-held advertising and search business model. But how many other sectors is the search giant planning to enter? Well, just take a look at Google Ventures’ portfolio, and […]
Michael Hines has joined Dunkin' Brands board. He will also serve as chair of the audit committee. Dunkin’ Brands is owned by Bain Capital, the Carlyle Group and Thomas H. Lee Partners.
(Reuters) – John Malone’s Liberty Media Corp, which in May offered to buy Barnes & Noble Inc, is exploring additional options, including making only a small investment in the U.S. book store chain rather than buying it outright, a source familiar with the matter said. But talks between the two companies are still under way […]
James Seagrave joined Jefferies as an MD in the global financial sponsors investment banking group. He will be based in London and will focus on coverage of UK based financial sponsors. Prior to this, Seagrave spent his whole career at J.P. Morgan where he recently was an MD in their financial sponsors coverage group.
Jeffrey A. Del Papa has joined TA Associates where he will be a SVP in the services group. Del Papa was previously with Thoma Bravo.
Ladenburg Thalmann Financial Services Inc. said Wednesday that it has agreed to buy Securities America Financial Corp., a unit of Ameriprise Financial. Ladenburg is paying $150 million at the close. The deal includes additional cash payments in the event Securities America meets certain performance targets during 2012 and 2013. An affiliate of Dr. Phillip Frost, Ladenburg’s principal shareholder and Chairman of the Board, is financing the transaction. Securities America, of La Vista, Neb., is broker-dealer and investment advisor. Jefferies advised Ladenburg while Lazard service as financial adviser to Ameriprise Financial.
(Reuters) – From an empty auto-parts plant in the heart of Rust Belt America, General Motors Co is out to show the world that the automaker once dismissed as an industrial dinosaur has gained some Silicon Valley cool just two years after its taxpayer-funded bankruptcy. With a solar charging station as a backdrop, GM’s venture […]
Mitch Truwit and Marcelo Gigliani, partners with Apax Partners, are joining Dealer.com’s board of directors, replacing Yellow Media’s Marc Tellier, Doug Clarke and Normand Theberge, each of whom are stepping down from the company’s board as part of the company’s transfer of ownership.
Acquia, the commercial solutions provider, will acquire Cyrye, a migration services company. The Web security firm is backed by investors including Northbridge Venture Partners, O’Reilly AlphaTech Ventures, Sigma Partners, and Tenaya Capital. Specifics on the transaction were not publicized.