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Carlyle inks buy of Conifer Financial

The Carlyle Group said Tuesday it has agreed to buy a majority stake of Conifer Financial Services LLC. Financial terms weren’t announced. Capital for Carlyle’s investment will come from Carlyle Global Financial Services Partners II LP. Conifer is an asset services firm and has more than $100 billion of combined assets under administration. Macquarie Capital and Freeman & Co. served as financial advisors to Conifer. Duff & Phelps Securities LLC advised Carlyle.

AxleTech names Gryzenia CEO

AxleTech International said Tuesday that Bill Gryzenia was named CEO effective today. Gryzenia was previously VP and General Manager of Dana Holding Corp.’s on-highway and off-highway aftermarket business. The Carlyle Group acquired AxleTech, an engineering and manufacturing company for off-highway and specialty vehicle drivetrain systems and components, in January.

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peHUB Second Opinion

In Second Opinion, Wilson Sporting Goods acquires the iconic Louisville Slugger brand sold for $70 million, Carlyle’s CEO says oil is the best investment right now and Ted Cruz announces he’s running for president in 2016.

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Carlyle promotes two MDs

The Carlyle Group said Monday that Brian Bernasek, an MD, was named Head of the Global Industrial and Transportation team. Bernasek succeeds Greg Ledford, who will continue as a Carlyle MD on the U.S. Buyout team. Carlyle also said that Stephen Wise, an MD, is joining Karen Bechtel, an MD, as Co-Head of the Global Healthcare team.

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Carlyle to sell part of CommScope stake in secondary

CommScope Holding Company Inc. said Wednesday that The Carlyle Group is selling 20 million shares of the company. Goldman Sachs & Co., the sole underwriter of the secondary offering, also has the option to buy another 3 million shares. After the deal, Carlyle will own about 81.2 million shares or 43 percent. CommScope, a telecommunications provider, went public in October 2013.

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Clearlake exits PrimeSport: UPDATED

Clearlake Capital Group LP said Tuesday it has sold PrimeSport Holdings Inc. to The Carlyle Group, Moorad Sports Partners and RSE Ventures. Financial terms weren’t announced. PrimeSport management and Clearlake will retain a minority stake in the Atlanta-based sports, travel and entertainment management company. Clearlake invested in PrimeSport in January 2014. UPDATE: Clearlake is expected to make over 3x its money with the sale of PrimeSport, a source said.  Lincoln International provided financial advice to PrimeSport/Clearlake while PricewaterhouseCoopers advised Carlyle.

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NGP Energy makes Carter a managing partner

NGP Energy Capital Management said late Tuesday that Chris Carter, MD and Chief Investment Coordinator, was appointed to the firm’s Executive Committee and named a Managing Partner. Robert Edwards, NGP managing director, is also relocating to Houston and will manage the firm’s office there, a statement said. The Carlyle Group is an investor of NGP, an energy investor.

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