U.S. buyout fund Carlyle Group LP said on Thursday it has acquired 49 percent and effective control of China's Mandarin Hotel Holdings Ltd for an undisclosed sum.
Carlyle Group
The subtext of JPMorgan's landmark deal to buy crude and sell gasoline for the largest oil refinery on the U.S. East Coast was barely disguised.
Sunoco Inc reached a tentative labor agreement with the members of the United Steel Workers union at its Philadelphia refinery late Tuesday.
News and developments in Asia private equity from Reuters News for the week ending June 22.
Private equity fund Carlyle Group (CG.O) is in talks with banks to refinance A$1.9 billion ($1.9 billion) in loans used to buy out Australian equipment hire company Coates Hire Ltd.
U.S. buyout firms Blackstone Group, Carlyle Group and KKR & Co are talking to banks on potential bids for about half of Australia's Pact.
Government of Singapore Investment Corp (GIC) and Canada's Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea's unlisted Kyobo Life Insurance.
Yuanta Financial (2885.TW) has pulled out of talks on a deal worth up to $1.25 billion to buy Carlyle Group-backed Taiwanese bank Ta Chong.
News and developments in Asia private equity from Reuters News for the week ending May 18.
Australian private equity fund Pacific Equity Partners (PEP) has approached potential buyers for its share-registry business Link Group.
Private equity firms TPG Capital and Carlyle Group are separately considering bids for United Technologies Corp's industrial units at $3.5 billion to $4 billion.
Carlyle Group LP, the private equity group that went public in a $671 million IPO earlier this month, on Tuesday reported a 26 percent drop in profitability in its first-quarter earnings, as it failed to match a strong 2011 first quarter.
Carlyle Group LP plans to price its IPO between $22 and $23 per unit, lower than its initial $23 to $25 range, a source familiar with the matter said on Wednesday, as the private equity firm courts stock market investors.
Carlyle Group is among private equity funds bidding for a stake in unlisted South Korean group Kyobo Life Insurance worth around $1.8 billion, sources with direct knowledge of the matter told Reuters.
Subscribe to VCpost newsletter
Most Popular
- American Millionaire Charged in Brutal Murders of Canadian Tycoon and His Partner in Dominica Denied Bail
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- Tesla Spends $200,000 in Promoting Elon Musk's Social Media Platform X Following Mention of 'Minimal Advertising Efforts'
- Michigan Family Sues Wendy's for $20 Million After 11-Year-Old Girl Suffered Deadly E.Coli Infection
- Brazilian Woman Wheels Her Dead Uncle Into the Bank to Withdraw Loan in His Name
- Australian Farmer Prepares Grave of 3,000 Sheep After Failing to Find Buyer
- Sheetz Convenience Store Accused of Racial Discrimination After Denying Employment of Black, Mixed-Race, and Native American Applicants