The Carlyle Group related stories
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South Korean authorities storm Lone Star officesSouth Korean authorities have reportedly raided the Seoul office of Lone Star Funds, seeking evidence to tie the US firm to allegations of tax evasion and embezzlement. Lone Star is just the latest US private equity firm to become the subject of a South Korean tax probe.
- Latham lures lawyers from Ashurst
Latham lures lawyers from Ashurst 2006-01-12 Robert Venes US-based law firm Latham & Watkins is to open an office in Munich following the hire of Joerg Kirchner, German co-head of corporate at
- Wendel set to buy Materis
Agreement has been reached between vendor LBO France and Wendel Investissement just a few weeks after Eurazeo pulled out of talks to buy the building materials company.
- South Korea commits $350m to private equity
The country’s $133bn pension fund has pledged $350m to two Asian private equity funds as it looks to commit $7bn to the sector over the next five years.
- China investment activity ‘on hold’
A member of the China Venture Capital Association has reportedly said that private equity deals in the country are on ‘on hold’ pending clarification from the government on the use of offshore vehicles.
- AMC, Loews to merge
The second- and third-largest movie theater chains in the US, both of which are backed by private equity firms, reportedly plan to merge.
- JPMP Asia fund ‘oversubscribed’
The JP Morgan Partners affiliate is aiming to announce a first closing of its new fund later this month, with current levels of demand indicating it will be significantly oversubscribed.
- Providence to take control of KDG
Providence Equity Partners has reportedly completed its third European telecoms deal in a fortnight, buying its co-owners’ stakes in the German cable TV operator.
- GSC, Tishman in real estate JV
GSC Partners and Tishman Speyer have launched a Chinese real estate joint venture, marking GSC’s first move into real estate.
- Orchid closes latest fund
Orchid Asia, an early backer in Ctrip.com, has closed its latest China-focused venture fund, amassing $180m in commitments.