The Carlyle Group related stories
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Cognetas cuts 12% of staffThe UK-based private equity firm joins the ranks of 3i, Blackstone, Carlyle, Shuaa and Investcorp, all of which have made job cuts this month.
- 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.
- Blackstone to cut 70 jobs
The New York-based mega-buyout shop will cut back on 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in the third quarter.
- 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.
- Lone Star-backed Del Frisco’s pulls $100m IPO
The steakhouse operator, acquired as part of the $600m take-private of Lone Star Steakhouse & Saloon in 2006, cited ‘current public market conditions’ in its filing with the SEC.
- Mega-firms close in on $30bn
Carlyle has raised $14bn on its way to $15bn for Carlyle Partners V, while Apollo was reportedly set to close Fund VII on $15bn last week.
- Report: Carlyle sues Sequoia executive over China deal
Carlyle is reportedly demanding $206m in estimated profits lost due to a Sequoia executive allegedly backdating an agreement with a Chinese medical research company to win the deal.
- Permira offer to LPs may shrink fund
Investors in Permira’s Fund IV have been given the option to limit their capital contribution to 60% of the amount they originally committed to the €11.1bn fund.
- AnaCap hires four ex-Lehman executives
While some firms are scaling back operations amid the global financial downturn, others investing in financial services, like AnaCap, are taking advantage of benign recruitment conditions.
- Investcorp cuts staff by 20%
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff. Earlier this week the firm invested in UK debt management company TDX Group.