The Carlyle Group related stories
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Unions launch global protest against private equity industryThe US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting KKR, its portfolio company Toys R Us and pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.
- Carlyle, RREEF secure $613m for NYC luxury apts
A partnership between The Carlyle Group, Deutsche Bank’s RREEF and Extell Development Company is in play to develop two luxury residential buildings in Manhattan after securing one of the largest construction loans in the US this year.
- Carlyle-backed software company withdraws $200m IPO
SS&C Technologies, which develops financial management software for hedge funds and institutional investors, filed for a NASDAQ float last year. Carlyle acquired the company in a $941m take-private in 2005.
- Rubenstein: PE to rescue troubled US mortgage assets
The Carlyle co-founder said he and other private equity players would be among the biggest buyers of the distressed mortgage- and real estate-related assets set to be acquired by the US governments’ $700bn financial rescue plan.
- Private equity buyouts decrease, shrink in size in 2008
Difficult financing conditions continued to soften global buyout activity for private equity firms, with deal volumes plunging 72 percent in the first nine months of 2008. The oil and gas and mining sectors as well as Japan, India and the Middle East remained bright spots.
- TPG loses remaining $1.3bn stake in WaMu collapse
The biggest bank failure in US history is also one of the biggest publicly disclosed private equity losses in history. TPG has stressed that the investment represented only a small portion of its diversified assets.
- Report: WaMu seeks private equity buyers
The ailing savings and loan had previously sought to be taken over by banking giants JPMorgan and Citi, but as such talks have not yet resulted in any deal, the bank is reportedly seeking a deal with Blackstone or Carlyle.
- American Capital director selected to chair Freddie Mac
The selection of John Koskinen to lead the seized mortgage giant brings to three the number of private equity pros asked this month to head up troubled financial services companies.
- Recession-proof retail?
Recent deals and proprietary PEI research show the asset class continues to bet on pockets of the retail sector, despite gloomy consumer confidence, writes Suzanne Weinstock.
- UK media group rejects reduced £1.9bn bid
The reduced takeover offer for Informa, publisher of Lloyd's List, by Providence Equity Partners, The Carlyle Group and The Blackstone Group has come after a shake-up in the original consortium that offered £2.15bn for the company in late June.