The Carlyle GroupNASDAQ
Thu, Oct. 13, 9:45 AM
- Neptune Oil & Gas, the energy acquisition firm set up last year by Carlyle Group (NASDAQ:CG) and CVC Capital Partners, is in talks to buy French utility Engie’s (OTCPK:ENGIY) oil and gas business, Bloomberg reports.
- The Engie assets, spanning the U.K., Norway, Algeria, Egypt, Germany and Asia, reportedly could fetch ~$4B.
- Engie has said it plans to sell as much as €15B ($16.5B) in assets by 2018 and that it sought to reduce its exposure to oil and gas prices.
Fri, Oct. 7, 4:05 AM
- Total (NYSE:TOT) has agreed to sell its specialty chemicals unit Atotech to Carlyle (NASDAQ:CG) for $3.2B as the French oil major disposes of non-core assets to weather a slump in crude and preserve payouts to shareholders.
- Total is also working on the sale of some "mature" offshore oil fields in the North Sea and Africa this year, and plans to sell businesses in its Italian marketing and services division in 2017.
Mon, Sep. 26, 3:09 AM
- A consortium formed by KG Group and NHN Entertainment (OTC:NHNEF) has dropped its bid for acquiring McDonald's Korea (NYSE:MCD), Money Today reports.
- Recently, CJ Group dropped out of the race as well, leaving a consortium formed by Carlyle Group (NASDAQ:CG) and Maeil Dairies as the preferred bidder.
- Carlyle has also submitted bids for McDonald's in China and Hong Kong - a deal expected to fetch around $3B.
Fri, Sep. 2, 3:29 AM
- South Korea's Maeil Dairy Industry is considering a bid for acquiring McDonald's (NYSE:MCD) South Korean operations in partnership with the Carlyle Group (NASDAQ:CG).
- According to investment banking sources, a sale could be worth up to 600B won ($535M).
- Carlyle has also teamed up to bid for McDonald's outlets in China and Hong Kong in a deal worth between $2B-$3B.
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.
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.
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)
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.
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?
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.
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.
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.
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.
Aug. 31, 2015, 7:13 AM
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. 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.