Carlyle Financial News

The strategy will invest directly in deals originated by the firm’s $188bn global credit platform, which offers borrowers bespoke solutions across the entire capital structure.

It's not always the case that you need aprivileged background to get ahead in financial services. Harvey Schwartz, CEO of private equity firm Carlyle and former CEO-candidate at Goldman Sachs, is a conspicuous exception to the rule. In a panel at the Global Alts 2024 conference last week, Schwartz discussed his «unusual» childhood and road to finance.

Carlyle Aviation Partners has reportedly expressed its interest for SpiceJet, Reuters reported on January 9 citing a source-based article by CNBC TV 18. Earlier, in mid 2023, the airline had sought shareholder approval to issue 5.91% stake in the low-cost airline to Carlyle Aviation Partners--the aircraft financing unit of global private equity giant Carlyle Group. In December, the cash-strapped airline had got a lifeline in the form of investment from a clutch of funds and high net worth individuals. The Rs 2,254 crore investment was done through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares. The fundraising counts 64 investors amongst which there are funds like Elara India Opportunities Fund, Aries Opportunities Fund, and Prabhudas Lilladher, Nexus Global and Mumbai based businessman Harihara Mahapatra and Arjun Juneja of Mankind Pharma. The shares are to be issued at Rs 50 apiece. SpiceJet promoter Ajay Singh holds 56.5 % stake in the company, and, out of this, 37.9 % is pledged with various banks.

After-Hours Stock Movers:

By Kane Wu and M. Sriram

By Abigail Summerville

Several of Wall Street's biggest names convened in Riyadh, Saudi Arabia, for the kingdom's annual Future Investment Initiative, during which they weighed in on risks and opportunities for investors and the global economy.

It appears Rugby Australia’s funding efforts have progressed well into the second half.

Another day, another battery deal. Street Talk can reveal Amp Energy, a Canadian renewable energy infrastructure player backed by global investment firm The Carlyle Group, is in the market searching for a buyer for its portfolio of local renewable generation and storage assets.

Medtronic is seeking to streamline its portfolio and focus on its higher-growth assets, such as its heart and diabetes devices, by divesting the two units which generated approximately $2.2 billion in revenue in the 2022 fiscal year according to the company. The businesses that Medtronic would shed would be moved to a new company majority-owned by Carlyle, the sources said. Medtronic would retain a stake in the new company of more than 35%, the sources added.

Bis Industries, the troubled mine-site trucking company, has staved off a showdown with its lenders by convincing major shareholders The Carlyle Group and Varde Partners to tip in fresh equity.

Carlyle Group is providing a cash infusion to acquisition-hungry Captrust Financial Advisors, the latest sign that private equity is still very much interested in registered investment advisors and that deals in the space may still be ramping up.

Get ready for Geoff Hutchinson’s first big swing.

Carlyle Group and its life sciences arm Abingworth are doubling down on their investment in Australian biotech Opthea in an ongoing bid to get the company’s lead therapeutic candidate OPT-302 to market, Street Talk understands.

Simon Carlyle, the creator of the television series Two Doors Down, has died at the age of 48. The news of Carlyle's passing has led to an outpouring of tributes, highlighting his status as a talented comedic figure and a kind person. His manager, Amanda Davis, confirmed his death in a statement.

Yesterday, in a much-talked about conversation with Bloomberg, David Rubenstein, co-founder and co-chairman of the Carlyle Group, confidently spoke of Bitcoin's longevity as an important financial asset, further solidifying the lead cryptocurrency's foray into mainstream finance and investment circles. Rubenstein touched upon the increasing interest institutions have shown in Bitcoin, the global demand for a currency beyond governmental control, and how even major financial institutions are now reconsidering their stance on cryptocurrencies.

MUMBAI : Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back all shares from the company’s existing investors, Bain Capital LP, Advent International LP, and GIC Re and extinguish them. Alongside, founder Ajit Prabhu will bring in additional funds to increase his stake.

It might be that only a small number of bankers will understand the true significance, but the end of an era is upon us. As part of the integration between UBS and Credit Suisse, UBS will switch off the Credit Suisse “Crossfinder” trading system.

₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE on Wednesday to close at ₹31.42, on a day the benchmark Sensex index fell 1%. The company proposed to issue up to 4.81 crore equity shares of the face value of ₹10 worth ₹48.1 crore to nine associated companies of Carlyle.

Distributable earnings, which represents the cash used to pay dividends to shareholders, fell to $388.8 million from $528.8 million a year earlier. That translated to after-tax distributable earnings per share of 88 cents, which surpassed the average estimate of 67 cents, according to Refinitiv data.

As Australia’s second-largest wine group and its advisers bunker down on what’s expected to be a protracted recapitalisation process, Street Talk understands American buyout group Platinum Equity is getting its ducks in a row.