Category: Carlyle
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Carlyle Q2 profit misses, shares drop amid market sell-off By Reuters
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By Echo Wang NEW YORK (Reuters) – A private equity firm The Carlyle Group General Electric Co. (NASDAQ:GE) reported a larger-than-expected 11.7% year-over-year decline in distributable profit in the second quarter on Monday, as record revenue from management and transaction fees failed to offset a big drop in performance fees.…
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Carlyle in talks to buy Baxter’s kidney care unit, source says By Reuters
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(Reuters) – Private equity firm The Carlyle Group Baxter International Inc (NYSE:BAX) is in exclusive talks to buy kidney care company Vantiv for more than $4 billion, including debt, a person familiar with the matter told Reuters on Friday. Shares of the Deerfield, Illinois-based company rose more than 4%. The…
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Carlyle, KKR win auction for Discover Financial’s $10B student loan portfolio – FT
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JHVEPhoto/iStock Editorial via Getty Images Private equity firm Carlyle (CG) and KKR (KKR) won an auction for Discover Financial’s (NYSE: DFS) $10 Billion Student Loan Book. The private equity firm’s joint bid beat out a competing bid from Sixth Street, BlackRock (BLK) and Canada. Pension Plan Investment Board, with the…
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Carlyle to buy Energean’s Egyptian, Italian, Croatian assets
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Energy exploration and production company Energean plc (LSE: ENOG; TASE: ENOG), which owns the rights to operate the Israeli Karish and Tanin offshore gas fields, announced the signing of a binding agreement to sell its investment portfolio in Egypt, Italy and Croatia to private equity firm Carlyle International. Energy Partners.…
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Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
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(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…