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CG

The Carlyle Group

5/25/2013, 5:36 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, April 9, 7:44 AM KKR has joined Blackstone (BX), Carlyle (CG) and other P-E firms to bid more than $12B (~$70.58/share) for Life Technologies (LIFE), NY Post reports, as suitors must make binding offers by today for the maker of laboratory equipment. Last week, Thermo Fisher (TMO) reportedly was the frontrunner with a bid of $65-$70. LIFE +1.9% premarket. Comment! [Healthcare, M&A, On the Move]
Thursday, April 4, 8:10 AM The average Joe now has the honor of investing alongside the institutional types funding P-E firms as the likes of Carlyle Group (CG), Blackstone (BX), and KKR go after 401(k)s by lowering minimum thresholds for investment. The reason: Sluggish fundraising from the wealthy crowd perhaps losing patience with the high fees levied by the P-E shops. Comment! [Financials]
Tuesday, April 2, 8:18 AM Credit Suisse takes metaphorical chips off the table, downgrading MS, SCHW, and CME to Hold after nice runs for each has them exceeding price targets established when the bank made them Buys. Morgan's top ideas in the financial sector: GS, LAZ, ICE, APO, BX, CG. 1 Comment [Financials]
Friday, March 29, 6:39 AM The owners of Urenco, the world's second-largest nuclear-fuel maker, are looking to sell the company in a deal that could be worth €8-12B. Potential suitors reportedly include, Canadian uranium processor Cameco (CCJ) and P-E firms Carlyle (CG), KKR, and Blackstone (BX), with the bidders expected to form consortia because of the size of the transaction. Urenco's owners comprise the U.K. and Dutch governments, and German energy utilities E.ON and RWE. 1 Comment [Energy, M&A, Top Stories]
Tuesday, March 19, 2:01 PM Shares of Life Technologies (LIFE +2.2%) pop on reports that Roche (RHHBY.PK) is weighing a bid. The drug giant joins a host of other potential bidders including: TMO, DHR, and a buyout consortium comprising BX, CG, TPG Capital and Singapore's state investor Temasek Holdings. Comment! [Healthcare, On the Move, M&A]
Friday, March 15, 10:35 AM Carlyle (CG -6.6%) files with the SEC to sell 5M shares of its common stock. It appears the shares will be offered to the company's employees via benefit or incentive plans. Comment! [Financials, On the Move]
Friday, March 15, 9:15 AM Premarket gainers: CNP +10%. SNE +8%. ZGNX +6%. OGE +6%. PANL +5%.
Losers: GLDD -22%. ULTA -14%. STEC -13%. ARO -7%. VHC -6%. CG -6%. KKD -5%. Comment! [On the Move]
Friday, March 15, 5:46 AM Carlyle Group (CG) founders David Rubenstein, William Conway and Daniel D'Aniello each received $57.6M in dividend payments and compensation in 2012, down from $137.8M in 2011. The men, who own 15.4% a piece in Carlyle, gave up a bonus of $3.5M, while the firm's distributable earnings fell to $687.9M from $864.4M. Comment! [Financials]
Thursday, March 14, 7:49 AM A lawsuit accusing P-E firms of conspiring to drive down prices on target acquisitions moves forward after a federal judge declines a motion to dismiss. The judge also a allowed a separate action over KKR's acquisition of HCA ($32B deal) to proceed. Those sued include: BX, APO, CG, GS. Comment! [Financials]
Wednesday, March 13, 4:02 AM Carlyle Group (CG) will become the first major private-equity firm to let relatively small investors participate in its funds by setting the minimum contribution to its new vehicle at $50,000, well below the $5-20M it has traditionally required. Investors will still have to be fairly well off, with a net worth of above $1M - excluding their homes - or income of over $200,000 in each of the two years prior to the investment. 2 Comments [Financials]
Tuesday, March 12, 8:55 AM Asian life insurance businesses are getting traded about like Monopoly properties of late and KKR and Carlyle Group (CG) get in on the action, bidding for a minority stake in Thai Life Insurance Co., a deal said to be worth about $500M. Rising Asian incomes, not to mention interest rates north of zero make selling life insurance in the region an exciting possibility. Comment! [Financials]
Tuesday, March 12, 3:55 AM The race to acquire Life Technologies (LIFE) looks to be back in full swing again, with KKR (KKR) reportedly mulling a joint bid with other private-equity firms for the biomedical laboratory equipment maker, which has a market cap of $10.5B. Strategic suitor Thermo Fisher Scientific (TMO) may renew its interest after backing off last month, while Danaher (DHR) is also sniffing around. A group led by Blackstone (BX) and Carlyle (CG) have been rumored to be in talks. Comment! [Healthcare, M&A]
Friday, March 8, 7:12 AM BankUnited (BKU) prices a 19.6M share secondary at $25.25/share, a hefty discount to the pre-announcement price as one of its investors (maybe BX, CG, or Wilbur Ross) cashes out. Shares -2.2% premarket to $25.50 after yesterday's 3.4% decline. (PR) Comment! [Financials, On the Move]
Wednesday, March 6, 7:12 AM BankUnited (BKU) announces a 19.6M share secondary offering. The bank - owned by Blackstone (BX), Carlylye (CG), and Wilbur Ross, among others - was on the block for $27-$29 a few months back, and now is doing a secondary at $28.57. (PR) Comment! [Financials]
Wednesday, March 6, 1:43 AM A sale of Life Technologies (LIFE) could be back on, with the biomedical laboratory equipment maker reportedly in talks with a consortium of private-equity firms that includes Blackstone (BX) and Carlyle (CG). Last month, prospects for a sale looked dim, as potential suitors had been put off by the run up in Life's share price, which has given it a market cap of $10.6B and could still be an obstacle to a deal. Comment! [Healthcare, M&A]
Tuesday, March 5, 5:24 AM HD Supply is reportedly preparing to carry out an IPO six years after it was bought for $8.5B by three private-equity firms, including Carlyle (CG), from Home Depot (HD), which retained a 12.5% stake. HD Supply is a major distributor of construction, industrial and maintenance supplies, generating nine-month sales of $6B. Comment! [Top Stories]