The Carlyle Group
Carlyle poaches Affinity MD to head up Korea operations
The Carlyle Group has appointed Sanghyun Lee as managing director with responsibility for the private equity firm’s South Korean investment activities. Lee joints from Affinity Equity Partners, where he also served as Korea-focused managing director....
Skylark exit helps consign buyout boom to history
With Skylark sold and Yayoi likely to follow it, Japan’s megadeals of 2006-2008 are finally being dismantled and the – relatively meager – profits returned to investors
Carlyle, General Atlantic discuss $200m investment in Flipkart
The Carlyle Group and General Atlantic are in talks over a $150-200 million joint investment that would see them take a minority stake in Indian online retailer Flipkart.
Carlyle-led group buys into Asian cinema digital server provider
A consortium led by The Carlyle Group has purchased an 80% stake in GDC Technology, Asia’s largest cinema digital server provider. The investment was led by the $1 billion Carlyle Asia Growth Partners IV and the other participants included Yunfeng Capital,...
Carlyle, Advent to launch joint bid for Tech Mahindra stake
The Carlyle Group and Advent International are expected to launch a joint bid for British Telecom’s 23.2% stake in Tech Mahindra, India’s fifth-largest IT services firm. The deal could be worth $500 million.
Asia buyouts struggle as banks clamp down on lending
Buyout deals in Asia are becoming more difficult as banks hold back on lending. Rising capital costs have made lenders wary of the risks tied to mispricing a loan, leaving private equity firms to increase the cash portion of buyouts.
Carlyle purchases 9% stake in India Infoline
The Carlyle Group has acquired a 9% stake in the listed unit of India Infoline Group (IIFL), a retail and institutional brokerage, on the open market.
Carlyle, Blackstone heads paint bleak outlook for US economy
The Carlyle Group’s co-founder David Rubenstein and Stephen Schwarzman, CEO of Blackstone Group, were downbeat in their assessments of the US economy on Wednesday.
Telecom firms struggle to offload towers
India’s cellular towers are crucial in supporting its burgeoning mobile market, but when it comes to selling these assets, operators find that less may be more
Blackstone raises half its $781m RMB-denominated fund
Blackstone Group has reached the halfway point in fundraising for its RMB5 billion ($781.3 million) debut renminbi-denominated fund, said Michael Sotirhos, senior managing director at the buyout firm.
Blackstone poaches Yi Luo from Carlyle - report
Blackstone Group has poached Yi Luo, a managing director at The Carlyle Group, to bolster its dealmaking team in China. Luo will assume the role of senior managing director based in Shanghai and report to Blackstone Asia head Michael Chae, sources close...
TPG, Farallon linked to GTL Infrastructure acquisition
TPG Capital and Farallon Capital are among the private equity investors interested in telecom tower business GTL Infrastructure. Sources told The Economic Times that a PE-led consortium of telecom player is the most likely buyer of the company, which...
Blackstone, Carlyle interested in Reliance Infratel - report
Blackstone Group and The Carlyle Group have jointly expressed interest in bidding for up to 95% of Reliance Communications’ cellular tower business Reliance Infratel, The Times of India reported. It comes one month after the buyout firms were first approached...
Carlyle acquires healthcare staffing firm NIC for $149m
Carlyle has acquired Tokyo-based medical staffing services firm NIC Corp. for JPY11.5 billion ($149 million). The investment was made from its JPY165.6 billion yen-denominated Carlyle Japan Partners II fund, which targets mid-sized companies. It is the...
Fosun, Prudential announce insurance joint venture
Chinese financial conglomerate Fosun Group and Prudential Financial have announced their life insurance joint venture, the first such partnership between Chinese and foreign parties since 2008. Fosun and Prudential – known outside the US as Pramerica...
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
Carlyle files for IPO but listing not expected until 1H 2012
The Carlyle Group made its IPO filing on Tuesday but volatility in the global markets means the offering is unlikely to happen until the first half of 2012.
Japanese outbound M&A: Strategic imperative
Indonesian snacks and beverages producer GarudaFood appeared to be heading The Carlyle Group’s way in mid-June. The PE firm was said to have outbid Japanese beverage firm Suntory by agreeing to pay $200 million for a 25% stake in the company. Then silence....
PE firms struggle to secure Woori stake
It was the $6 billion question: Would the Korean government sell control of the country’s third-largest lender to a private equity firm? Had the answer been yes - and Korea Deposit Insurance Corp. (KDIC) exited Woori Financial Group to one of three local...
Hony makes first QFLP investment
Hony Capital has made the first investment under Shanghai's Qualified Foreign Limited Partner (QFLP) program. The firm has reportedly agreed to invest in Shijiazhuang Hongray Group, a disposable gloves manufacturer. Financial details were not given.
Private equity's fashion fix
Fashionable women the world over aspire to own something – a handbag, a coat, a pair of leather pumps – by a designer of such legacy and prestige as Valentino. But in May 2007, global private equity investor Permira pulled the ultimate one-upmanship:...
Carlyle backs Indian affordable housing firm
The Carlyle Group's $26 million commitment to Value & Budget Housing Corporation (VBHC) last week is significant in that it marks the affordable housing developer’s graduation to the investment mainstream. The company was founded in 2009 by what Shankar...
AXA, LGT buy $901m in secondary assets from German bank
AXA Private Equity and LGT Capital Partners have acquired a EUR620 million ($901 million) private equity portfolio from Germany’s HSH Nordbank. The portfolio is said to include stakes in about 47 private equity funds, including European vehicles managed...
Indian ethnic fashion retailer seeks private equity investment
Wolfensohn Capital Partners is going to sell its 8% stake in ethnic fashion retailer Fabindia. The exit comes as Fabindia looks to raise around INR2 billion from new investors.