The Carlyle Group related stories
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Carlyle backs down on XugongUS buyout firm The Carlyle Group has had to settle for a minority stake in Xugong, a Chinese construction machinery manufacturer that it has been trying to buy outright since 2005. The proposed sale caused an outcry in China.
- Carlyle makes third MENA hire
Firas Nasir joins The Carlyle Group’s MENA team as head of the newly opened Dubai office.
- Bidding war looms for $45bn TXU deal
Three of the world’s biggest buyout firms may ignore convention and submit a competing offer for TXU, a US utility that accepted a $45 billion offer from KKR and TPG last month.
- Blackstone, EQT and Rubenstein take top spots
The Blackstone Group has won the Editors’ Award for best large buyout firm of the year in Private Equity International’s Global Private Equity Awards. David Rubenstein, The Carlyle Group’s co-founder picked up the Editors’ Award for personality of the year, while EQT, the Nordic champion, won best mid-market firm.
- Carlyle bulks up MENA team in Turkey
The Carlyle Group announced the firm hired an Ernst & Young veteran from the region to advise the firm’s investments within the country.
- Riverstone nabs Metalmark pro
John Moon, a former managing director at Morgan Stanley spin-out Metalmark Capital, has joined Carlyle energy affiliate Riverstone Holdings as a managing director.
- Al Salam Bank-Bahrain enters China’s private equity market
The Bahrain-based bank has agreed to partner with Chinese private equity firm CMIA Capital Partners.
- Private equity firms considering Chrysler
The carmaker has reportedly begun shopping itself to private equity firms, including Apollo Management, The Blackstone Group, The Carlyle Group and Cerberus Capital Management.
- Carlyle loses exclusivity on ASE
Carlyle’s attempts to increase its footprint in Asia have suffered a further setback, after an independent committee voted to cancel its exclusive bidding arrangement with Taiwanese firm Adavanced Semiconductor Engineering.
- Coles takes a stand against club deals
Australian retailer Coles Group has again shunned its private equity suitors, reportedly insisting that it cut its bidding consortium from five firms to four. The move will fuel the ongoing debate about club deals.