Carlyle closes two CLO funds at about $1.2 bln

The Carlyle Group has closed two CLO funds in the U.S. and Europe at about $1.2 billion. Morgan Stanley arranged the $670  million U.S. CLO while Barclays arranged the $527 million European CLO. Both CLOs will focus mostly on senior secured bank loans.


Carlyle to acquire a majority stake in Barbon Insurance Group

The Carlyle Group has agreed to buy a majority stake in Barbon Insurance Group, a provider of tenant referencing and insurance products for the UK private rental sector. No financial terms were disclosed for the deal that is expected to be completed in the second quarter of this year. Duff & Phelps served as financial advisor to Carlyle on the transaction.


Carlyle and Warburg Pincus completes DBRS acquisition

The Carlyle Group and Warburg Pincus have closed their previously announced buy of Toronto-based credit rating agency DBRS. No financial terms were disclosed. Perella Weinberg Partners was financial advisor to DBRS on the transaction while CIBC World Markets Inc provided financial advice to The Carlyle Group and Warburg Pincus.


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.


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.


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.


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.


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.


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.

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