The Carlyle Group related stories
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Report: Private equity firms circle Bank of IrelandA 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.
- Buyout firms behind 62% of defaulting companies in 2008
Eighty-six companies this year have defaulted, affecting $285bn, 35 times the amount affected in 2007. That private equity is behind 62% of these companies is 'not a surprise', according to Standard & Poor's.
- 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.
- Carlyle exits axle manufacturer
AxleTech International will join the armament and technical products division of defense industry contractor General Dynamics.
- Russian steelmaker dashes $3.5bn Carlyle exit
Novolidetsk Steel has terminated its agreement to purchase steel pipe maker and Carlyle portfolio company John Maneely Company. Carlyle filed suit against Novolidetsk on 15 October and continues to pursue legal action.
- Ex-Credit Suisse PE, RE exec to lead US bailout plan investments
The former vice president of Credit Suisse’s private equity operations, James Lambright – a specialist in real estate transactions – has been named the interim CIO of the US’ $700bn asset recovery programme.
- DLJ chief sees ‘slow crawl’ back to deal activity in 2009
A panel of private equity insiders, including DLJ Merchant Banking chair Nicole Arnaboldi and Carlyle's Jonathan Colby, agreed the buyout industry is in for more pain but sees US deal activity regaining momentum sometime next year.
- Landmark exec departs charging breach of contract
Gary Stevens has filed a lawsuit against the Connecticut secondaries firm claiming Landmark failed to honour a promise to give him an ‘ownership interest’ in the firm.
- Report: MBK buys Korean packing unit for W400bn
MBK will reportedly buy Doosan Technopack for about $286m, half of which would be debt assumption.
- Japan’s MKS to halt investments
One of only a few prominent Japanese buyout firms will seek to sell its stakes in three portfolio companies.