Carlyle Group LP


  • NEW YORK, Jan 10- The largest refinery on the U.S. East Coast was operating at less than half its capacity late on Saturday because of a fire, a source familiar with the operations said, while plant officials reported the incident as "flaring." A source familiar with operations at Philadelphia Energy Solutions' 335,000 barrels per day refinery said a fire had hit the...

  • Creditors may seize control of Altegrity-NY Post Wednesday, 31 Dec 2014 | 10:45 AM ET

    Dec 31- Oaktree Capital Management and other lenders are close to striking a deal with Providence Equity Partners to take control of the security company that vetted former spy agency contractor Edward Snowden, the New York Post reported. No deal for Altegrity Inc has yet been reached but there is a "high chance" there will be a debt-for-equity swap, the Post said,...

  • Dec 22- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder. DBRS has a 2 percent share of the ratings market dominated by McGraw Hill Financial Inc- owned Standard& Poor's Financial Services LLC, Moody's Corp and...

  • NEW YORK, Dec 14- For the past 18 months, Americans from Albany to Oregon have voiced growing alarm over the rising number of oil-laden freight trains coursing through their cities, a trend they fear is endangering public safety. The public assistance in states like New York, Pennsylvania, Ohio, Oklahoma and Oregon comes as railroads are posting record profits, and...

  • Nov 24- Private equity firm Carlyle Group LP is looking to raise about $5 billion for a fund that can hold stakes in companies for as long as 20 years, Bloomberg reported. The company expects to make investments that do not fit within the mandate of its sixth main buyout fund, which raised $13 billion last year, Bloomberg said, citing people familiar with the matter.

  • Stocks open down, but China at 3-year high Wednesday, 12 Nov 2014 | 10:32 AM ET

    U.S. stocks opened lower on negative sentiment in Europe, but the Shanghai Composite closed up 1 percent to a three-year-high.

  • Nov 12- Shares of Axalta Coating Systems Ltd, a car paint company sold by DuPont to Carlyle Group LP, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. DuPont sold Axalta to Carlyle for $4.9 billion in cash in February 2013, a move that activist investor Nelson Peltz criticized two months back. Peltz, who is pushing DuPont to...

  • Nov 12- Shares of vehicle paint maker Axalta Coating Systems Ltd, sold by chemical maker DuPont to Carlyle Group LP last year, rose as much as 7.4 percent in their trading debut, valuing the company at about $4.8 billion. The stock touched a high of $20.94 in early trading on the New York Stock Exchange on Wednesday. The offering was priced at $19.50 per share, at the...

  • Carlyle-backed Axalta Coating's IPO raises $975 mln Tuesday, 11 Nov 2014 | 6:38 PM ET

    Nov 11- Paint company Axalta Coating Systems Ltd's initial public offering raised about $975 million after its enlarged offering was priced at $19.50 per share, at the midpoint of its expected price range. The selling stockholders, including affiliates of Carlyle Group LP, sold 50 million shares. Philadelphia- based Axalta, the Dupont unit which Carlyle bought...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • This is best place to invest 'by far': Rubenstein Friday, 7 Nov 2014 | 8:13 AM ET
    David Rubenstein, The Carlyle Group Co-Founder & Managing Director.

    Billionaire private equity titan David Rubenstein says the U.S. is the best spot in the world to invest, despite Washington gridlock.

  • $70 oil would be a problem: Rubenstein  Friday, 7 Nov 2014 | 7:12 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, shares his thoughts on oil price and why he hopes to see prices around $80.

  • Investing in China despite problems  Friday, 7 Nov 2014 | 7:12 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, says the long-term outlook for China is good despite some issues.

  • Rubenstein sees 3% percent economy  Friday, 7 Nov 2014 | 7:10 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, shares his outlook on the U.S. economy growth. The mood of the country would improve if Washington worked together, says Rubenstein.

  • David Rubenstein: US best place to invest  Friday, 7 Nov 2014 | 7:09 AM ET

    David Rubenstein, The Carlyle Group co-founder and co-CEO, says there's no place comparable to the United States for investing, but sees good opportunities in Europe and China.

  • David Rubenstein, The Carlyle Group co-founder and co-CEO, shares his thoughts on the state of the U.S. economy and the impact of gridlock in Washington, DC.

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. A halt to the stock market rally weighed on the earnings of all of Apollo's publicly listed peers, with KKR& Co LP and...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.

  • Peer KKR& Co LP reported a 17 percent decline in third-quarter pretax profit earlier this month, while Blackstone Group LP reported an 18 percent rise. This translated into post-tax ENI of 55 cents per adjusted unit in the third quarter of 2014, slightly ahead of the average analyst estimate of 54 cents in a Thomson Reuters poll. Asset sales included Beats...

  • SEC boosts scrutiny of private equity performance Wednesday, 29 Oct 2014 | 7:15 AM ET

    The SEC is examining how private equity firms report a key metric of their past performance, as the regulator boosts scrutiny of the industry.