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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Carlyle Group

Carlyle Group stories: 16 news summaries

Carlyle to Pay $20M to Settle Pension Probe

Private equity firm adopts ethics rules to end Cuomo inquiry

May 15, 09 7:04 AM CDT
(Newser) - The Carlyle Group will pay a $20 million settlement and adopt strict new ethics rules to appease New York Attorney General Andrew Cuomo, the Wall Street Journal reports. Cuomo had threatened to bring charges against the group or its employees as part of his pay-to-play probe into New York’... More »

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New York • Carlyle Group • Andrew Cuomo • pension funds • pay-to-play

analysis

Private Equity Giants See Big Payday—If They Don't Go Bust

All the major players
have survived so far

Jan 2, 09 12:31 PM CST
(Newser) - None of the major players in the "shadow banking" world of private equity—the likes of Blackstone, Carlyle, and KKR—has yet gone bust, and the guessing game of which one will be first is well under way, reports Newser founder Michael Wolff in Vanity Fair. Don't hold your... More »

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private equity • Blackstone Group • Carlyle Group • KKR • private equity firms

WaMu Looks to Private Equity
as Bank Teeters

Blackstone, Carlyle in talks after overtures to other banks flop

Sep 25, 08 8:52 AM CDT
(Newser) - Washington Mutual is hoping private equity will save the bank after its efforts to broker a sale to another financial institution came to nothing. Both the Carlyle Group and Blackstone are considering a takeover of WaMu, insiders tell the Wall Street Journal, although a deal is not yet assured. Many... More »

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private equity • Carlyle Group • takeover • Washington Mutual • Blackstone • WaMu

Lehman Shops Key Unit
in Quest for Cash

The troubled Wall Street firm is taking offers for its strong fund management wing

Aug 19, 08 8:50 AM CDT
(Newser) - Lehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth,... More »

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Blackstone Group • Citigroup • Carlyle Group • Merrill Lynch • Lehman Brothers • mutual funds • subprime crisis • investment banks

MARKETS

 Stocks Rally After Big Losses 

Dow gains for the second straight day

Mar 13, 08 4:01 PM CDT
(Newser) - Stocks rallied in the afternoon to recover big early losses, buoyed by a prediction from Standard & Poors that the end was in sight for banks' subprime writedowns. The Dow—at one point down more than 230 points—finished up 35.5 points to close at 12,145.74, MarketWatch... More »

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Carlyle Group • Dow Jones • subprime mortgages • Nasdaq • writedowns • S&P 500 • Carlyle Capital

Carlyle Near Collapse After Defaulting
on $16B

Big banks put screws
to overextended fund

Mar 13, 08 7:31 AM CDT
(Newser) - Carlyle Capital announced overnight that it is defaulting on $16.6 billion in debt, and its creditors are likely to take possession of its remaining assets. The latest casualty of the credit catastrophe is a major embarrassment for Carlyle Group, the private equity firm whose executives own 15% of the... More »

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private equity • Carlyle Group • credit crisis • Carlyle Capital

As Margin
Calls Mount, Carlyle Holds
'Crisis Talks'

Private equity giant's subsidiary imperiled

Mar 10, 08 12:40 PM CDT
(Newser) - The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more... More »

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private equity • Carlyle Group • credit market • mortgage loans • mortgage backed securities • housing crisis • subprime crisis

MARKETS

Dow Plummets 214 Points

Market ends at its lowest level in 18 months

Mar 6, 08 3:44 PM CST
(Newser) - The markets fell sharply today as the dollar hit a fresh low against the euro, oil prices hit a fresh high, and more bleak news on the housing front came to light, MarketWatch reports. The Dow plummeted 214.6 points to settle at 12,040.39, its lowest level in... More »

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Carlyle Group • Dow Jones • Nasdaq • liquidity • Thornburg Mortgage • oil price • weak dollar • S&P 500

Magna Carta Back in US Archives

Carlyle Group founder returns it after buying for $21.3M

Mar 4, 08 5:35 PM CST
(Newser) - The Magna Carta returned to the National Archives yesterday after facing an uncertain fate on the auction block last year, the Washington Post reports. The 13th-century English document, a precursor to the US Bill of Rights 500 years later, is now on permanent loan from a US businessman who bought... More »

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Bill of Rights • democracy • Carlyle Group • David Rubenstein • Magna Carta • National Archives • history of democracy • Declaration of Independence

Hit the Road, Jack—or You Can Lease It

Critics balk as states privatize highways
to raise capital

Oct 24, 07 11:15 AM CDT
(Newser) - Cruising the Goldman Sachs Turnpike might not be as futuristic as it seems, Time reports, as more states lease highways to private companies to raise quick cash for infrastructure needs. And backlash didn't stop Indiana from grabbing $3.8 billion for a 75-year lease on the Indiana Toll Road. States... More »

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Carlyle Group • Goldman Sachs • privatization • highways • House Transportation Committee • Indiana Toll Road • governor

Banks Might Derail Home Depot Deal

Private equity threatens lawsuit as financing dries up

Aug 24, 07 7:10 AM CDT
(Newser) - The pending sale of part of Home Depot took an ugly turn last night as three banks and three private equity firms entered into a showdown over financing. Home Depot dropped its asking price by over $1 billion, but the banks involved—JPMorgan Chase, Lehman Brothers and Merrill Lynch—have... More »

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private equity • Carlyle Group • Bain Capital • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • JPMorgan Chase

Credit Jitters
May Put KKR
Offering on Ice

Private equity firm denies reports its
IPO will be delayed

Aug 23, 07 7:45 AM CDT
(Newser) - The Times of London claims that buyout firm KKR has postponed plans for a $1.25B float and a public listing because of the fallout from turbulent credit markets. The company had planned its IPO this September but has reportedly pulled back due to waning investor confidence following the subprime... More »

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private equity • Carlyle Group • subprime mortgages • Kohlberg Kravis Roberts • KKR • IPO • credit market

Deals Excite Nervous Markets

Dow up 126.81; private-equity boom not over yet; oil has highest close since August

Jul 2, 07 8:06 PM CDT
(Newser) - The Dow rose 126.81 points to 13535.43 today, as several big deals assuaged traders worried the recent LBO spate is coming to an end. Chief among them, the Journal's Market Watch reports, was a $32.6B buyout of BCE, Canada's largest telecom, by a consortium including two US... More »

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stock market • NASDAQ • Carlyle Group • Dow Jones • BCE • Virgin Media • LBO • S&P 500

Carlyle Bids on Faltering
Virgin Media

Debt-riddled UK cable provider, 35 ($ a share), seeks rich buyout firm

Jul 2, 07 1:37 PM CDT
(Newser) - The friendly corporate raiders at the Carlyle Group have floated an offer to buy out Virgin Media, the British cable provider, with total equity in the range of $8B and $10B, the Journal reports. The besieged media company has been losing customers to rivals in the UK, and has stacked... More »

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Richard Branson • media • Internet • cell phones • cable TV • Carlyle Group • Goldman Sachs • Virgin • acquisition • buyout

Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

Jun 21, 07 5:05 PM CDT
(Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price... More »

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private equity • Blackstone Group • Carlyle Group • stocks • KKR • Steve Schwarzman • Peter Peterson • IPO

Public Binge Predicted for Private Equity

Carlyle chief: All the big players will do
IPOs within 5 years

Apr 25, 07 2:09 PM CDT
(Newser) - Private equity giant Carlyle Group will likely go public within five years, its co-founder said at a conference yesterday. David Rubenstein predicted a sea-change for the industry, as fund founders cash out before they retire, the FT reports. More »

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private equity • Blackstone Group • Carlyle Group • David Rubenstein • Leon Black • business • money • Apollo Group

16 Stories


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