The Carlyle Group (CG) - NASDAQ
  • Thu, Jun. 2, 2:33 PM
    • Concordia Healthcare (CXRX -14.2%) was up big earlier today on a rumor Blackstone (NYSE:BX) was near a deal to purchase. Now the WSJ is reporting both Blackstone and The Carlyle Group (NASDAQ:CG) did not submit final bids which were due on Tuesday, leaving Apollo Global (NYSE:APO) as potentially the last P-E suitor standing.
    | Thu, Jun. 2, 2:33 PM | 35 Comments
  • Mon, May 23, 5:57 PM
    • Unilever (NYSE:UL), L'Oreal (OTCPK:LRLCF), Henkel (OTCPK:HENKY) and other companies have submitted first-round bids in an auction for hair care products maker Vogue International, which could value Vogue at $2.5B-$3B, Reuters reports.
    • The bids come three years after a lawsuit hurt Vogue's effort to sell itself; buyout firm Carlyle Group (NASDAQ:CG) acquired a 49% stake in the company last year.
    • Florida-based Vogue produces OGX shampoo, which has enjoyed strong growth propelled by its colorful packaging which stands out in drugstore aisles.
    | Mon, May 23, 5:57 PM | 5 Comments
  • Tue, Apr. 26, 5:09 AM
    • U.K. listed investment vehicle Atlas Mara, which was created by billionaire Ashish Thakkar and former Barclays (NYSE:BCS) CEO Bob Diamond, has confirmed that it is interested in acquiring the U.K. bank's 62% holding in its African operations.
    • However, Atlas Mara didn't disclose whether Carlyle (NASDAQ:CG) is involved in the process despite reports saying that the U.S. firm is in talks with Diamond over the deal.
    • Barclays Africa Group is listed in Johannesburg with a market capitalisation of 123B rand ($8.5B), putting the value of the 62% stake at $5.27B. (PR)
    | Tue, Apr. 26, 5:09 AM | 2 Comments
  • Mon, Apr. 25, 3:15 AM
    • Carlyle (NASDAQ:CG) has joined up with former Barclays (NYSE:BCS) CEO Bob Diamond to bid for the U.K. bank's 62% holding in its African operations, reports say.
    • Barclays Africa Group is listed in Johannesburg with a market capitalisation of 122B rand ($8.5B), putting the value of the stake at $5.27B.
    • Barclays is selling the unit due to increasing regulatory pressures.
    | Mon, Apr. 25, 3:15 AM | 1 Comment
  • Thu, Apr. 14, 2:57 PM
    • P-E firm Carlyle Group (CG -1%) is in serious talks to buy oilfield services assets from Halliburton (HAL -0.4%) and Baker Hughes (BHI +5.2%) that could be valued at more than $7B, Dow Jones reports.
    • The talks would mark a shift for HAL and BHI, which have focused on overcoming Justice Department objections to their planned merger by attempting to sell the assets to General Electric (GE +0.1%); GE remains in the mix, but reaching agreement on a price for the assets has been difficult, according to the report.
    • The need for HAL and BHI to strike a divestiture deal took on increased urgency last week when the DoJ filed an antitrust lawsuit challenging their proposed $35B merger.
    • Now read The Halliburton-Baker Hughes merger is falling apart - what happens next?
    | Thu, Apr. 14, 2:57 PM | 24 Comments
  • Wed, Jan. 20, 8:07 AM
    • Citing "uncertainties developed regarding the transaction," Symantec (NASDAQ:SYMC) and Carlyle (NASDAQ:CG) have amended the terms of Carlyle's purchase of Symantec's Veritas storage software unit to cut the purchase price from $8B to $7.4B, and double Veritas' offshore cash balance to $400M.
    • Symantec will now be paid $6.6B in cash and left with a $400M equity interest in Veritas. After-tax cash proceeds are expected to total $5.3B, down from an original $6.3B.
    • The deal is still expected to close on Jan. 29. The sale price cut follows a Nasdaq selloff, as well as November reports indicating banks had postponed marketing the debt Carlyle planned to use to finance the Veritas deal.
    • Separately, Symantec now expects FQ3 revenue, op. margin, and EPS to be above the midpoints of the guidance ranges provided in its Nov. 5 FQ2 report. FQ3 results are due on Feb. 4.
    • Symantec has dropped to $18.05 premarket, making new 52-week lows in the process.
    | Wed, Jan. 20, 8:07 AM
  • Nov. 17, 2015, 11:43 AM
    • Reuters reports banks have withdrawn financing for the $8B sale (announced in August) of Symantec's (SYMC -0.2%) Veritas storage software unit to Carlyle (CG +0.1%). The sale has been expected to close by Jan. 1.
    • Symantec hasn't moved much on the report. The market's original reaction to the deal was lukewarm, with Symantec's $1.5B+ expected tax bill sparking criticism. Symantec has promised a large chunk of the deal's $6.3B in expected net proceeds to shareholders, and has suggested it will use some of the remaining funds to make security acquisitions.
    | Nov. 17, 2015, 11:43 AM | 14 Comments
  • Oct. 8, 2015, 7:47 AM
    • Entergy (NYSE:ETR) agrees to sell its 583 MW Rhode Island State Energy Center to Carlyle Power Partners (NASDAQ:CG) for ~$490M.
    • The facility is a natural gas-fired, combined-cycle generating plant that entered commercial service in 2002.
    • ETR says it expects to record a net gain of ~$0.50/share, to be classified as a special item, assuming the sale closes in Q4.
    | Oct. 8, 2015, 7:47 AM
  • Sep. 23, 2015, 7:32 AM
    • British aircraft services company BBA Aviation agrees to acquire U.S. competitor Landmark Aviation from Carlyle Group (NASDAQ:CG) for $2.065B, a deal that would make the combined entity the biggest fixed-base operator in the world.
    • The deal would merge BBA's Signature Flight Support business, which has the highest number of fixed base operations in the U.S., with Landmark's, which has the third highest.
    | Sep. 23, 2015, 7:32 AM
  • Aug. 31, 2015, 7:13 AM
    • The Carlyle Group (NASDAQ:CG) offers to acquire Blyth (NYSE:BTH) for $6 per share in a deal valued at $98M.
    • The transaction is expected to close in Q4.
    • The offer from Carlyle is more than double the $2.92 closing price of shares of Blyth on Friday.
    | Aug. 31, 2015, 7:13 AM | 1 Comment
  • Aug. 24, 2015, 8:21 AM
    • Private-equity firms have gathered into three separate packs to get enough juice to bid up to $6B on the South Korean business of Tesco (OTCPK:TSCDY), Reuters reports, in what could be Asia's biggest P-E deal ever.
    • A combination of KKR and Affinity Equity Partners is in one group; Carlyle Group (NASDAQ:CG) and GIC are another; and MBK Partners will look for funding from South Korea's National Pension Service to pursue it.
    • Divesting its South Korean business, Homeplus, would be the biggest move the chain has made as it tries to reverse a decline resulting from an accounting scandal.
    • The Homeplus unit has annual revenue of about $5.9B. Final bids for the business are due today. Along with pretty much everything else, Tesco shares are down 3.5% in London.
    • Carlyle Group is down 1.1% and KKR down 3.8% in premarket trading.
    | Aug. 24, 2015, 8:21 AM | 1 Comment
  • Aug. 11, 2015, 2:55 AM
    • Symantec (NASDAQ:SYMC) plans to sell its data storage business Veritas to Carlyle Group (NASDAQ:CG) under a deal set to be announced this afternoon, when the former reports its quarterly results.
    • Carlyle would pay on the high side of a range between $7B-$8B. At that price, the deal would be this year's largest private equity takeover of a tech company.
    | Aug. 11, 2015, 2:55 AM
  • Jul. 7, 2015, 6:41 PM
    • Bloomberg reports Symantec (NASDAQ:SYMC) is "nearing a deal" to sell its Veritas storage software unit (currently set to be spun off) to P-E firm Carlyle (NASDAQ:CG) for $7B-$8B. For reference, Symantec closed today with a $15.4B market cap.
    • Deal terms are still being negotiated. Symantec hasn't been shy about its willingness to field offers for Veritas, which was acquired for $13B+ in 2005. Reuters reported in April tax concerns had hurt buyout interest.
    • Symantec has risen to $23.40 AH. The company's Information Management ops had FY15 (ended in March) revenue of $2.56B (+1% Y/Y).
    | Jul. 7, 2015, 6:41 PM | 2 Comments
  • Jun. 16, 2015, 2:57 PM
    • An earlier report from Reuters has Blackstone (NYSE:BX) and The Carlyle Group (NASDAQ:CG) making a joint bid to take out NCR for more than $10B, and NCR is up 10.7% on the news. Also mulling a bid are Apollo Global (NYSE:APO) and Thoma Bravo, according to Reuters.
    • Previously: NCR +14.8%; Blackstone, Carlyle reportedly making joint bid (June 16)
    | Jun. 16, 2015, 2:57 PM | 9 Comments
  • Apr. 6, 2015, 5:39 AM
    • Chinese online game developer Shanda Games (NASDAQ:GAME) has agreed to be taken private by Capitalhold in a deal worth $1.9B.
    • Capitalhold will pay $3.55 per ordinary share and $7.10 per ADS for Shanda, a premium of 46.5% to Shanda's 30-day average trading price.
    • The deal brings to an end a year-long saga during which Shanda Games was courted by its parent Shanda Interactive, backed by Carlyle Group (NASDAQ:CG) and Fountainvest Partners.
    • Previously: Shanda M&A consortium gets more members (March 16)
    • Previously: Carlyle, Fountainvest and others pull $1.9B bid for Shanda Games (Sept. 3, 2014)
    | Apr. 6, 2015, 5:39 AM
  • Dec. 24, 2014, 7:09 AM
    • Carlyle Asia Partners IV, a Carlyle Group (NASDAQ:CG) fund, has agreed to buy General Electric's (NYSE:GE) stake in Asia Satellite Telecommunications Holdings (OTC:AISLF) for as much as $483M and then make a buyout offer.
    • The deal comes after two failed buyout offers for AsiaSat.
    • GE +0.5% premarket
    | Dec. 24, 2014, 7:09 AM
Company Description
The Carlyle Group LP is a diversified multi-product global alternative asset management firm. It advises investment funds and other investment vehicles that invest across a range of industries, geographies, asset classes and investment strategies and seek to deliver attractive returns for its... More
Sector: Financial
Industry: Asset Management
Country: United States