Carlyle to buy Blyth for $98 mln

The Carlyle Group has agreed to buy Blyth Inc. for $6 a share or $98 million. Robert B. Goergen, Blyth’s Chairman of the Board, and Robert B. Goergen, Jr., Blyth’s President and CEO, who beneficially own approximately 38 percent of Blyth’s stock, are supporting the deal. Greenwich, Connecticut-based Blyth makes and sells candles and home fragrance products. Threadstone Advisors provided financial advice to Carlyle, while Houlihan Lokey advised Blyth.


Abraaj to sell Condor Travel stake to Carlyle

The Carlyle Group has agreed to acquire the Abraaj Group‘s stake in Condor Travel. No financial terms were disclosed. The deal is expected to be completed by the end of September. Based in Peru, Condor Travel is an inbound tour operator.


Carlyle-led group to buy Veritas for $8 bln

Symantec Corp. said Tuesday it has agreed to sell its information management business, known as Veritas, to an investor group led by the Carlyle Group and GIC for $8 billion cash. Once the deal closes, Symantec said it expects to receive about $6.3 billion in net cash proceeds. BofA Merrill Lynch, Morgan Stanley & Co. LLC, UBS Investment Bank and Jefferies have agreed to provide debt financing. J.P. Morgan Securities LLC is serving as financial advisor to Symantec. BofA Merrill Lynch, Morgan Stanley & Co. LLC, and UBS Investment Bank are financial advisors to Carlyle and GIC.


PE HUB First Read

First Read ushers in your morning with news that Google has formed a new parent company Alphabet and named Sundar Pichai as new CEO, China devalues its currency and Symantec has agreed to sell its data storage unit to Carlyle.


PE HUB First Read

First Read ends the week with news the Dow sinks to its lowest point since February, Apple helps push U.S. watch sales to biggest drop in seven years and Apollo doubles real estate AUM with big transaction.


Carlyle Group invests $85 mln in Ubox

The Carlyle Group said Thursday that it has invested RMB530 million (approximately US$85 million) in Ubox Technology & Trade Co. Ltd. Ubox, of Beijing, is a vending machine operator in China.

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