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.
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.
March 30, 2005 |
Carlyle Group, the investment firm whose former advisors include former President George H.W. Bush, said Tuesday that it raised $7.85 billion for the world's biggest buyout fund. Carlyle's fund eclipsed the $6.45 billion that New York-based Blackstone Group attracted in 2002. The new fund will acquire firms in industries including defense and telecommunications.
February 24, 2005 |
Thomas H. Lee Partners, manager of the second-biggest U.S. buyout fund, plans to raise at least $6 billion for takeovers. Carlyle Group is starting two hedge funds to compete in an industry that's encroaching on its turf. Boston-based Thomas H. Lee will seek at least as much as the $6.1 billion that went into its last fund, co-President Scott Sperling said in an interview.
June 30, 2004 |
Carlyle Group and Providence Equity Partners will buy 27% stakes in satellite operator PanAmSat Corp. for $953 million each after losing to Kohlberg, Kravis, Roberts & Co. in bidding for control of the company. KKR agreed in April to buy Wilton, Conn.-based PanAmSat from DirecTV Group Inc. and other investors for $3.53 billion. KKR, the world's largest buyout firm, will keep a 44% stake, PanAmSat said in filings with the Securities and Exchange Commission.