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The Carlyle Group (CG)

  • Tue, Nov. 17, 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    • Reuters reports banks have withdrawn financing for the $8B sale (announced in August) of Symantec's (SYMC -0.2%) Veritas storage software unit to Carlyle (CG +0.1%).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.
    | Tue, Nov. 17, 11:43 AM | 14 Comments
  • Thu, Oct. 8, 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.
    | Thu, Oct. 8, 7:47 AM | Comment!
  • Wed, Sep. 23, 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.
    | Wed, Sep. 23, 7:32 AM | Comment!
  • Mon, Aug. 31, 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.
    | Mon, Aug. 31, 7:13 AM | 1 Comment
  • Mon, Aug. 24, 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.
    | Mon, Aug. 24, 8:21 AM | 1 Comment
  • Tue, Aug. 11, 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.
    | Tue, Aug. 11, 2:55 AM | Comment!
  • Tue, Jul. 7, 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).
    | Tue, Jul. 7, 6:41 PM | 2 Comments
  • Tue, Jun. 16, 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)
    | Tue, Jun. 16, 2:57 PM | 9 Comments
  • Mon, Apr. 6, 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)
    | Mon, Apr. 6, 5:39 AM | Comment!
  • 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 | Comment!
  • Sep. 3, 2014, 6:44 AM
    • Carlyle Group (NASDAQ:CG) and Fountainvest Partners have pulled out of a consortium backing a $1.9B bid to purchase Shanda Games (NASDAQ:GAME). Perfect World (NASDAQ:PWRD) and private equity firm Primavera Capital have also exited the consortium.
    • Shanda Interactive Entertainment and an affiliate of Primavera, which together held 76.2% of Shanda, in January had offered $6.90 per ADS to buy the company, valuing it at $1.9B.
    • Fountainvest joined the Shanda consortium in April, while Carlyle joined in May.
    | Sep. 3, 2014, 6:44 AM | Comment!
  • Sep. 2, 2014, 3:52 AM
    • Despite Akzo Nobel (OTCQX:AKZOY) CEO Ton Buechner's cost cutting agenda, the chief exec is being singled out for a deal to buy Axalta Coating Systems for more than $7B.
    • Bloomberg reports that the company has not yet indicated if it will pursue the deal.
    • Carlyle Group (NASDAQ:CG) purchased vehicle-coatings company Axalta from Dupont for $4.9B in February 2013 and filed for its IPO last month.
    | Sep. 2, 2014, 3:52 AM | Comment!
  • Aug. 27, 2014, 4:32 AM
    • Carlyle Group (NASDAQ:CG) is said to be in advanced talks with China's largest developer, China Vanke (OTC:CVKEY), to buy stakes in nine of its shopping malls.
    • The purchase would give Carlyle access to China's commercial real estate market and a non-binding memorandum of understanding could be signed as early as tomorrow.
    • Sources say the deal could fetch between 6B-7B yuan ($976M-$1.1B) or even be valued at up to 10B yuan.
    | Aug. 27, 2014, 4:32 AM | Comment!
  • Jul. 29, 2014, 3:22 AM
    • Carlyle Group (NASDAQ:CG) has entered advanced talks to acquire Acosta Sales and Marketing, a consumer goods marketing agency, currently owned by private equity group Thomas H. Lee Partners.
    • The deal could value the latter at almost $5B including debt, and Carlyle is likely to secure an agreement as early as this week.
    | Jul. 29, 2014, 3:22 AM | Comment!
  • Jul. 28, 2014, 5:15 PM
    • FleetCor Technologies (NYSE:FLT) and P-E firms including Carlyle Group (NASDAQ:CG) and Silver Lake Partners are seeking to acquire payments processing company Comdata for more than $3B, Reuters reports.
    • A potential takeover of Comdata would mark one of FLT's largest deals and expand its capabilities in electronic payment processing.
    | Jul. 28, 2014, 5:15 PM | Comment!
  • Apr. 22, 2014, 3:18 AM
    • Hospital Corp of America (HCA) is among a number of suitors interested in acquiring Healthscope, an Australian hospital and pathology company being sold by private-equity owners Carlyle (CG) and TPG, the WSJ reports. A deal could be worth $5B.
    • Other prospective buyers for Healthscope include China's Shanghai Fosun Pharmaceutical and Malaysia's IHH Healthcare (IHHHF).
    • Alternatively, Healthscope could carry out an IPO.
    • TPG and Carlyle bought the company for $1.7B in 2010.
    | Apr. 22, 2014, 3:18 AM | Comment!
Company Description
The Carlyle Group L P is a diversified multi-product asset management firm. The Company operates its business across four segments; Corporate Private Equity; Global Market Strategies; Real Assets; and Solutions.
Sector: Financial
Country: United States