December 19, 2006 |
Carlyle Group agreed to acquire ElkCorp for $1 billion including debt and said it would merge the maker of roofing and building products with a rival company to weather a weak U.S. housing market. Shareholders of Dallas-based ElkCorp would receive $38 in cash for each of their shares, 51% more than the closing price Nov. 3, the day the company announced it was considering a sale. Carlyle said in a separate statement that it would combine ElkCorp with Atlas Roofing Corp.
December 4, 2006 |
Buyout firms are preparing to start their own lobbying group to fend off increased regulation, Carlyle Group co-founder David Rubenstein said. The trade association will begin work early next year and represent some of the largest leveraged buyout firms in the U.S. and Europe, Rubenstein said in an interview Friday at Private Equity International's Emerging Markets Forum in London. He declined to identify other firms involved.
November 25, 2006 |
A private equity consortium led by Carlyle Group is planning to make a $5.5-billion bid for the world's biggest microchip packaging firm, Advanced Semiconductor Engineering Inc., the companies said Friday. At 39 Taiwanese dollars ($1.19) a share, the potential Carlyle bid represents a 10% premium to Taiwan-based ASE's Friday closing price of 35.5 Taiwanese dollars a share and values the firm at about 179 billion Taiwanese dollars ($5.46 billion), according to Reuters data. The U.S.
June 14, 2006 |
Carlyle Group said Tuesday that it would buy Oriental Trading Co., a retailer of crafts, jewelry and party supplies, highlighting the appeal of retailers to private equity firms. Terms of the deal, expected to be completed in the third quarter this year, were not disclosed. The company sold to Carlyle for around $1 billion, a source familiar with the matter said.
April 6, 2006
Shareholders of Water Pik Technologies Inc., a Newport Beach-based maker of electric toothbrushes and water filtration systems, Wednesday approved a $380-million purchase of the company by investment firm Carlyle Group and Paris-based industrial company Zodiac.
January 7, 2006 |
Water Pik Technologies Inc. of Newport Beach said it agreed to be acquired for $380 million by a Carlyle Group-led partnership. Coast Acquisition Corp., 80% owned by Carlyle Group and 20% by Zodiac of France, will pay $27.75 a share for the company, Water Pik said. That represents a 28% premium over the stock's closing price Friday of $21.62. Water Pik, a maker of electric toothbrushes and water filters, had confirmed this week that it was exploring a possible sale.