The Carlyle Group related stories
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Branson may join Virgin Media take-private bidThe hotly contested auction for cable company Virgin Media may be facilitated by shareholder Sir Richard Branson, while the number of reportedly interested bidders continues to increase.
- TPG mulls £11bn Virgin Media bid
US buyout firm TPG is considering a bid for cable broadband company Virgin Media. It is also lining up its first Russian deal.
- Carlyle scales back credit vehicle IPO
Carlyle Capital Corporation announced a reduction in the scope of its planned Euronext IPO in reaction to volatility in the subprime loan market.
- H&Q Asia Pacific promotes two in Seoul
Seol-based Jong Won Lee and Yuchul Rhim have become managing directors at the Silicon Valley-headquartered H&QAP.
- Cerberus to buy bankrupt auto parts maker
Cerberus Capital Management has agreed to buy Novi, Michigan-based Tower Automotive, which will file for Chapter 11 bankruptcy with the Southern District of New York next month.
- Report: Carlyle to target “lower risk deals”
The co-founder of the Carlyle Group, one of the world’s biggest buyout firms, has urged his firm to target less risky investments because lenders are taking “very risky credit decisions” when financing private equity deals.
- S&P warns on credit risk over recaps
The level of debt being placed on private equity-backed companies through recapitalisations could undermine their credit ratings, says a new report.
- Washington insider advises buyout lobbying group
Harry Clark, a veteran lobbyist and communications counselor to industry and government officials, is helping America’s biggest buyout firms establish an advocacy group for the private equity industry.
- Turnaround for Archie Norman
Archie Norman, former grocer, politician and corporate turnaround specialist, set up a new investment company, Aurigo Management, last month. Robert Venes speaks to Norman about his latest venture.
- New $1.67bn loan facility for VNU
VNU, owned by a private equity consortium including KKR, Blackstone and Carlyle, plans to raise $1.67 billion of new debt to finance the acquisition.