kitteh
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peHUB First Read

First Read helps usher in the weekend with news Google reversed a porn ban on Blogger after backlash, Kleiner Perkins says it didn’t distribute gender discrimination policy until 2012 and Wired helps us understand the great dress debate of 2015.

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Gryphon Investors adds Grady as a partner

Gryphon Investors has hired Robert E. Grady as a partner. The appointment becomes effective March 2. In his new position, Grady will head the firm’s general industries group. Previously, Grady worked at the Cheyenne Capital Fund where he served as a general partner and managing director. Also, Grady is a former partner, managing director and global head of venture and growth capital at The Carlyle Group.

shutterstock_224021725
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Jobs of the week: Carlyle, CIG, SVB and Perella Weinberg are hiring

This week’s job opportunities include private equity director spots at Consolidated Investment Group and Silicon Valley Bank, a vice president at Jaguar Growth Partners and an associate VP at Carlyle. Also up for grabs is a private capital advisory associate position at Perella Weinberg Partners.

341 Views

Carlyle to acquire Malaga Peaking Plant

The Carlyle Group has agreed to buy the Fresno, California-based Malaga Peaking Plant. No financial terms were disclosed for the transaction that is being done in conjunction with Congentrix Energy Power Management LLC, a portfolio company of Carlyle. Malaga, which is currently owned by the Kings River Conservation District, is a 96 MW natural gas-fired power plant.

Low energy prices hit some Carlyle funds-Reuters

Carlyle Group LP said on Friday the value of its natural resources-focused private equity fund portfolio fell by 8 percent in the fourth quarter, highlighting the impact of lower oil and natural gas prices on such investments.

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Carlyle buys AxleTech International

The Carlyle Group has acquired AxleTech International. The seller is General Dynamics Corp. No financial terms were disclosed. Based in Troy, Michigan, AxleTech is an engineering and manufacturing firm for off-highway and specialty vehicle drivetrain systems and components. Also, Mary Petrovich, who served as CEO of AxleTech from 2002 to 2011, will rejoin the company as executive chair while Joe Mejaly, who has been general manager since May 2014, will become CEO.

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CCMP completes PQ stake acquisition from Carlyle

CCMP has closed its buy of a 49 percent stake in PQ. The sellers included Carlyle. Also, INEOS has increased its investment in PQ, resulting in a 51 percent stake in the company. No financial terms were disclosed. PQ is a provider of specialty chemicals, high-end catalysts and engineered glass beads for the consumer, oil and gas, transportation safety, specialty plastics and industrial sectors.

CVC, Singapore’s GIC to cut stake in HKBN listing-Reuters

HKBN Ltd, the second-largest broadband Internet provider in Hong Kong, filed late on Friday for an initial public offering, with shareholders including private equity firm CVC Capital Partners Ltd set to cut their stakes as part of the deal, Reuters reported.

A general view of the lobby outside of the Carlyle Group offices in Washington
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Private equity firm Carlyle names insider as CFO-Reuters

Carlyle Group LP has named Curtis Buser, the private equity firm’s chief accounting officer since 2004, as its next chief financial officer, succeeding Adena Friedman, who departed in May to return to NASDAQ OMX Group Inc, Reuters reported.

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PE-owned Duff & Phelps agrees to acquire Kinetic Partners

Corporate finance advisor Duff & Phelps has agreed to buy Kinetic Partners. No financial terms were disclosed. Kinetic Partners is a provider of professional services. The deal is expected to be completed in early 2015. Duff & Phelps is owned by The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group.

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