The Carlyle Group related stories
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THE END OF THE AFFAIR(2)Several big buyouts have collapsed as a result of the liquidity crunch. For private equity firms, getting out of a broken deal can be a long and painful process.
- BRAKES SQUEALING
Investors are increasingly concerned. Managers may have curtailed any investment excesses as credit markets have closed, but are they still in denial as capital market pain turns to economic reality?
- Editor's letter - April 2008
The fear factor
- Oil-rich MENA funds to hit $9 trillion(2)
The unrelenting rise of sovereign wealth and a promising outlook for MENA private equity funds were among the key talking points at PEI’s Middle East Private Equity Forum in Dubai.
- Morgan Stanley lays off Asia PE banking head
Jonathan Mandel, who joined the bank's Hong Kong office this March, has been caught up in a round of redundancies.
- Morgan Stanley lays off Asia head of PE banking
Jonathan Mandel, who joined the bank's Hong Kong office this March, has been caught up in a round of redundancies.
- Freescale ‘toggles’ to PIK option
In a worrying sign for a major LBO deal, the semiconductor company, bought out by a constortium of private equity investors for $17.6bn two years ago, has chosen to service a portion of its debt through in-kind securities in order to preserve cash.
- Carlyle-backed Hawaiian Telecom files bankruptcy
The largest telephone carrier in Hawaii cited a heavy debt load, increased competition and market turmoil as reasons to seek protection under Chapter 11 while it restructures its business.
- Report: Private equity firms circle Bank of Ireland
A consortium including KKR, Carlyle and Cardinal Asset Management has reportedly tabled a €3bn bid to be part of Ireland’s first bank bailout. JC Flowers is also reportedly in the running to recapitalise Ireland's oldest bank.
- CalPERS: ‘Discussing’ capital call timings with GPs ‘not unusual’
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.