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CG

The Carlyle Group

5/21/2013, 6:57 AM ET

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Thursday, February 21, 6:37 AM Carlyle (CG): Q4 EPS of $0.49 misses by $0.17. Revenue of $755.3M beats by $158.95M. (PR) Comment! [Earnings, Breaking News, Financials]
Monday, February 11, 12:23 PM Nasdaq OMX (NDAQ +4.2%) pops after Charlie Gasparino reports the firm had recent discussions with Carlyle Group (CG) about a going-private deal. One source says no talks are currently underway and the earlier talks were strictly preliminary, with price being the main sticking point (it usually is). 2 Comments [Financials, M&A]
Friday, February 1, 5:23 PM DuPont (DD) says it's completed the sale of its performance coatings business for $4.9B in cash and the assumption of certain liabilities to The Carlyle Group (CG). DD plans to use the proceeds from the sale to shore up its balance sheet and fund a $1B stock buyback program during the first half of 2013. 1 Comment [Commodities]
Wednesday, January 23, 3:41 PM Dell (if it happens) is just the start of an LBO boom, according to a group of P-E honchos holding court at Davos. With debt cheap, companies trading at reasonable multiples, and investors dying for yield, the pieces are in place. "There is so much money chasing yield," says Scott Minerd; $10B of debt entering the market from a Dell deal would be like spitting in the ocean. 3 Comments [Financials]
Monday, December 24, 2012, 10:32 AM Carlyle Group (CG) is battling it out with KKR to purchase auto-dealer software company Reynolds & Reynolds for maybe $4B-$5B, according to sources. The sale process is in its final stages though nothing is expected to be inked before January. Comment! [M&A, Financials]
Wednesday, December 19, 2012, 2:56 AM Carlyle Group (CG) sells auto-parts supplier Metaldyne to fellow P-E firm American Securities for $820M plus expenses. The divestment represents a successful exit for Carlyle after it picked up Metaldyne following its entry into bankruptcy protection three years ago. Comment! [M&A]
Thursday, December 13, 2012, 1:16 PM Ray Dalio made headlines with his dour remarks at the DealBook conference yesterday. He appeared on a panel (full video) with David Rubenstein (CG) and Steven Schwarzman (BX), both of whom are finding plenty of opportunities. Rubenstein: Europe is the largest developing market in the world. Schwarzman: We're close to the largest (non-accidental) owner of U.S. homes, and they're swinging up. Comment! [U.S. Economy, Global & FX, Quick Ideas]
Tuesday, December 11, 2012, 9:05 AM Carlyle's (CG) LifeCare Holdings, an operator of 27 hospitals in ten states, files for bankruptcy protection. A group of lenders have joined up to make an offer in which they'll forgive LifeCare's debt in exchange for assets. The proposal is the best one that LifeCare has received; a sale would allow it to keep operating and save 4,500 jobs. Carlyle bought LifeCare for $570M in 2005. 1 Comment [Financials, Healthcare]
Thursday, November 8, 2012, 11:03 AM The Carlyle Group (CG) declares $0.16/share quarterly dividend, 45.5% increase from prior dividend of $0.11. For shareholders of record Nov. 19. Payable Nov. 30. Ex-div Nov. 15. (PR) Comment! [Dividends]
Thursday, November 8, 2012, 6:37 AM The Carlyle Group (CG): Q3 EPS of $0.63 misses by $0.01. Revenue of $858.5M beats by $295M. Comment! [Earnings]
Wednesday, November 7, 2012, 3:55 PM Carlyle Group (CG) announces the raising of $1.1B for a U.S. middle-market buyout fund which will target investments in the $25M-$150M range. The company has already invested more than $200M of the money, including purchasing Sunoco's 330K bbl/day Philadelphia refinery. Comment! [Financials]
Wednesday, November 7, 2012, 11:10 AM An interesting development for the P-E industry, new rules in China allow that nation's insurance firms to invest in private equity funds for the first time - that's more than $100B of new money available. The new rules also allow investment into fixed income and equity products in 45 countries. Comment! [Financials]
Tuesday, October 30, 2012, 2:17 PM Philadelphia Energy's (CG, SUN) 330K bbl/day oil refinery, the east coast's largest, says it is ramping up operations, joining Delta's (DAL) 185K bbl/day facility, which continued to run through the hurricane. The two refineries should help offset the shutdown of Phillips 66's (PSX) 238K bbl/day plant, which may be slow in going back online due to area flooding. Comment! [Energy]
Tuesday, October 30, 2012, 8:48 AM East coast refinery update (h/t Paul Ausick): Of the six large oil refineries in Sandy's path, the Phillips 66 (PSX) and Hess (HES) plants are closed, Philadelphia Energy's (CG, SUN) facility and two owned by PBF Energy are running at minimum levels, and the status of Delta's (DAL) refinery is unclear. Unlike Hurricane Katrina in 2005, crude production is not affected and refinery damage is not believed to be extensive. Comment! [Energy]
Monday, October 29, 2012, 3:32 AM Phillips 66 (PSX) yesterday began shutting its 238K bpd Bayway refinery in New Jersey in preparation for Hurricane Sandy, while Philadelphia Energy Solutions (CG, SUN), PBF Energy and Hess Corp (HES) have started to cut output at refineries in the storm's expected path. Phillips 66 has also temporarily shut oil terminals, while pipelines such as Colonial and Buckeye (BPL) have been preparing their contingency plans. Gasoline futures +1% at $2.73 a gallon. Comment! [U.S. Economy, Top Stories, Energy]
Thursday, October 11, 2012, 4:38 AM "We would much rather work with you guys than against you," Blackstone (BX) President Tony James wrote to KKR co-founder George Roberts in an email. "Together we can be unstoppable but in opposition we can cost each other a lot of money," James wrote. "Agreed," replied Roberts. The exchange and other emails are evidence in a lawsuit against 10 firms alleging that they conspired to keep the cost of buyouts down. Comment! [Financials, Top Stories]