The Carlyle Group related stories
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Appealing to LPsFortress' and Blackstone’s second quarter earnings results offer a glimpse into how firms are responding to a slowing fundraising pace, writes Matt Levin.
- Carlyle, Riverstone exit mud logging company
Two years after purchasing Houston-based International Logging, the private equity partners have sold their interest to Weatherford International, a publicly traded oil and gas drilling services company that counts T Boone Pickens among its shareholders.
- Riverstone again backs geothermal energy company
The Carlyle Group affiliate as well as US Renewables Group and Rustic Canyon Partners have provided $42m in financing to ThermaSource for equipment acquisition and services development. The consortium invested $20m in the company in February.
- Onex Fund III hits halfway mark in $4.5bn fundraise
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
- Shanghai to give foreign firms local status
Shanghai will allow foreign investors to register as local firms, granting them a preferable tax and legal status.
- Report: Lehman shops $10bn alternatives arm to buyout groups
Carlyle, General Atlantic, Hellman & Friedman and Blackstone have been reported as potential buyers of Lehman Brothers divisions including its private equity arm, as the beleaguered investment bank looks to shore up its balance sheet.
- Carlyle chairman relinquishes post
Former IBM chief Louis Gerstner will step down as the global buyout firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.
- Carlyle-backed hedge fund to liquidate
Just months after its Euronext-traded Carlyle Capital fund folded, the private equity firm is shutting down an affiliated hedge fund. It backed away from its previous hedge fund strategy, a fund of hedge funds, in 2003.
- Riverstone acquires Canadian oil company for C$1.3bn
The Carlyle energy affiliate has spun-out Gibson Energy Holdings from London-based oil giant Hunting.
- Apollo, Blackstone to acquire $13bn in LBO loans
The private equity mega-firms have agreed to purchase some $8bn in debt from Royal Bank of Scotland in addition to $5bn in debt related to the $18bn buyout of Clear Channel by Bain Capital and Thomas H Lee.