Archive: Private Equity

Booz Allen Split Is Official

By Zachary A. Goldfarb Booz Allen Hamilton said today that it had completed the separation of its government and commercial businesses, selling a majority stake in the government unit to District private-equity giant Carlyle Group for $2.54 billion. The government business, based in McLean, does billions of dollars of work...

By Terri Rupar | July 31, 2008; 03:07 PM ET | Comments (0)

Halifax Group Invests in Major Papa John's Franchisee

The Halifax Group of Washington led a management buyout of P.J. United, the largest franchisee of Papa John's pizza chain, the private equity firm announced Tuesday. Terms of the deal were not disclosed. Halifax's deals are usually around $100 million. Halifax, P.J. United founder Douglas S. Stephens and his top...

By Mike Shepard | November 13, 2007; 02:31 PM ET | Comments (0)

SEIU Presses Carlyle Group on Manor Care Deal

It began a few weeks ago when the Service Employees International Union (SEIU) staged a protest outside the Pennsylvania Avenue headquarters of The Carlyle Group as part of the union's bid to organize Manor Care, the Toledo-based nursing home giant Carlyle is buying for $6.3 billion. Then the SEIU started...

By Mike Shepard | October 17, 2007; 05:00 PM ET | Comments (0)

Carlyle Group Cofounder Outlines Firm's Vision for China

The Carlyle Group says China holds the key to the world economy's future. That may explain why Carlyle co-founder David Rubenstein spent part of Thursday morning hosting five students from Beijing's Tsinghua University's School of Economics and Management at the District-based private equity giant's headquarters. The five students had won...

By Mike Shepard | October 4, 2007; 04:33 PM ET | Comments (0)

Sallie Mae Buyout Thrown Into Doubt

From the Associated Press The planned $25 billion buyout of Reston student lender Sallie Mae was thrown into jeopardy today after the investors said terms of the deal were no longer acceptable. Sallie Mae, officially known as SLM Corp., vowed to pursue legal remedies against the investor group led by...

By Mike Shepard | September 26, 2007; 06:40 PM ET | Comments (0)

Carlyle Group Sells Stake to Abu Dhabi

The Carlyle Group, the District's private-equity giant, announced that it is selling a 7.5 percent share of its general partnership to an investment group owned by the government of Abu Dhabi -- one of a flurry of deals today involving Arab governments and U.S. and British financial assets. See story....

By Mike Shepard | September 20, 2007; 09:59 AM ET | Comments (0)

Carlyle Holds Investors Meeting Amid Market Turmoil

The Carlyle Group opened its annual investors conference on Monday with some words of wisdom from Chairman Louis V. Gerstner, who urged the 1,000 attendees to take a long view on investing. Since 1973, there have been 268 financial crises around the world, Gerstner reminded the audience. He is the...

By Mike Shepard | September 12, 2007; 06:55 PM ET | Comments (0)

Carlyle Raises Money for Another Real Estate Fund

Carlyle Group, a District-based private equity firm, announced today that it has finished raising $3 billion from investors for its fifth U.S. Real Estate Fund, which invests in all types of real estate in major markets throughout the U.S. The company's other four real estate funds hold assets worth about...

By Mike Shepard | September 7, 2007; 12:40 PM ET | Comments (0)

Carlyle Makes Second Loan to Troubled Affiliate

Carlyle Group, the District-based private equity giant, will lend another $100 million to shore up a struggling European affiliate that has been battered by recent credit market turmoil. The affiliate, Carlyle Capital Corp., said in a statement today that the loan would be repaid from the sale of about $900...

By Mike Shepard | August 28, 2007; 12:44 PM ET | Comments (0)

Carlyle Opening Office in Warsaw

Carlyle Group announced today that it will open an office in Warsaw, as the District-based private equity firm seeks to build a stronger presence in Eastern and Central Europe. The office will be run by Ryszard Wojtkowski, who previously worked as a managing partner at Enterprise Investors, another private equity...

By Mike Shepard | August 22, 2007; 06:16 PM ET | Comments (0)

CompuDyne Accepts Buyout Offer

CompuDyne, an Annapolis provider of security products and services, said today it has agreed to be acquired by a group of private equity investors for about $59 million. The buyers include affiliates of the Gores Group, a California-based private equity firm, and Stuart Mackiernan, an industry executive who will take...

By Mike Shepard | August 7, 2007; 10:10 AM ET | Comments (0)

Former Time Inc. Chief Discusses Dow Jones Offer

During a luncheon speech last week, Former Time Inc. editor-in-chief Norman Pearlstine -- now a senior advisor to the Carlyle Group -- was asked about the future of Dow Jones Co., publisher of the Wall Street Journal, which is weighing a $5 billion buyout offer from News Corp. Before joining...

By Mike Shepard | July 30, 2007; 05:24 PM ET | Comments (0)

Former Time Inc. Editor Discusses Media Trends

Former Time Inc. editor-in-chief Norman Pearlstine -- now a senior advisor to the Carlyle Group -- discussed media industry trends at a luncheon Thursday hosted by the Potomac Officers Club at the Ritz-Carlton Hotel in Tysons Corner. Staff writer Thomas Heath was there and provided this excerpt: "... On the...

By Mike Shepard | July 28, 2007; 03:00 PM ET | Comments (3)

 
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