Genest joins Premier Insurance as President

By Luisa Beltran — 3 weeks ago

Rick Genest has joined Premier Insurance Services as President. Protector Holdings LLC, a joint venture between EPIC and Dowling Capital Partners, acquired Protector in 2013. Genest joins Premier from Freeway Insurance/Confie Seguros, where he served as their Houston, Texas-based President. EPIC is backed by the Carlyle Group and Stone Point Capital.

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Duff & Phelps to buy CounselWorks

By Luisa Beltran — 1 month ago

Duff & Phelps Corp., a portfolio company of the Carlyle Group, has acquired CounselWorks LLC. Financial terms weren’t announced. CounselWorks provides strategic advisory and regulatory and compliance services to financial institutions. Equiteq provided financial advice to CounselWorks.

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Carlyle buys majority of TestPlant

By Luisa Beltran — 1 month ago

The Carlyle Group has acquired a majority of TestPlant. Financial terms weren’t announced. Seraphim Capital is the seller. London-based TestPlant makes the Eggplant range of software test automation tools. Redwood Capital Group LLC and Mishcon de Reya LLP advised TestPlant.

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PE-backed Paradigm Precision hires Croke as president

By Iris Dorbian — 1 month ago

Paradigm Precision, a producer of complex fabrication and precision machined components for gas turbine engines has appointed Steve Croke as president. Previously, Croke worked in the engine and environmental control systems’ business unit of UTC Aerospace Systems where he served as vice president of global engines, airframes and industrials. Paradigm Precision is backed by the Carlyle Group and AeroEquity Partners.

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Carlyle and Revolution Growth acquires LDiscovery

By Iris Dorbian — 1 month ago

The Carlyle Group and Revolution Growth have acquired LDiscovery LLC, a McLean, Virginia-based eDiscovery services provider. No financial terms were disclosed. Also, LDiscovery has named Daniel F. Akerson as chairman. Akerson is the former chairman and CEO of General Motors and the former global buyout head at Carlyle. LDiscover was backed by WestView Capital Partners.

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Carlyle buys Array

By Luisa Beltran — 2 months ago

The Carlyle Group has acquired Array. TorQuest Partners was the seller. Financial terms weren’t announced. Toronto-based Array provides retail merchandising displays and store fixtures to the prestige cosmetics industry.

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Fishman resigns from Carlyle’s board

By Luisa Beltran — 4 months ago

The Carlyle Group said Wednesday that Jay Fishman has resigned as a member of the Board of Directors of Carlyle Group Management LLC effective Oct. 27. He resigned due to health issues. Carlyle has named Anthony Welters, Executive Chairman of the Black Ivy Group LLC and Senior Adviser to the Office of the CEO of UnitedHealth Group, as an independent director.

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Carlyle Power Partners sells Cedar Bay Florida Power & Light for $520.5

By Luisa Beltran — 5 months ago

Carlyle Power Partners, a Carlyle Group investment unit, has closed its sale of Cedar Bay Florida Power & Light Company for $520.5 million. Jacksonville, Florida-based Cedar Bay is a 250 MW coal-fired power plant. Carlyle acquired Cedar Bay as part of its December 2012 acquisition of Cogentrix Energy. Carlyle Power Partners, led by Robert Mancini and Matthew O’Connor, invests in power generation and related assets, primarily in North America.

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