Advertisement
YOU ARE HERE: LAT HomeCollectionsCarlyle Group Lp
IN THE NEWS

Carlyle Group Lp

FEATURED ARTICLES
BUSINESS
October 4, 1988 | Associated Press
A unit of Carlyle Group LP has purchased almost 10% of Fairchild Industries Inc.'s common stock for about $16.8 million, according to documents filed with the Securities and Exchange Commission. Carlyle Group, a Washington-based private merchant banking and investment firm, stated in its SEC filing that it was exploring the possibility of acquiring all of the outstanding common stock of Fairchild in a friendly transaction.
ARTICLES BY DATE
BUSINESS
August 6, 2007 | Roger Vincent, Times Staff Writer
An office building in downtown Los Angeles that is the distribution hub for most electronic communications between Asia and the United States has been bought by a Texas investment company. Private equity firm Carlyle Group is expected to announce today that it has sold the One Wilshire building to Houston-based Hines Real Estate Investment Trust Inc. for $287 million.
Advertisement
BUSINESS
August 6, 2007 | Roger Vincent, Times Staff Writer
An office building in downtown Los Angeles that is the distribution hub for most electronic communications between Asia and the United States has been bought by a Texas investment company. Private equity firm Carlyle Group is expected to announce today that it has sold the One Wilshire building to Houston-based Hines Real Estate Investment Trust Inc. for $287 million.
BUSINESS
July 3, 2007 | From the Associated Press
Virgin Media Inc. received a buyout offer worth as much as $11.35 billion, people familiar with the deal said Monday, sending shares in the British telecommunications company to a one-year high. But underscoring the delicate nature of the proposal, Virgin Media would not name its suitor and said the deal would be scrapped if it even disclosed the potential terms.
BUSINESS
September 1, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
Loral Corp. said Monday it has completed its acquisition of the missile operation of LTV Corp., setting the stage for a possible transfer of jobs from Orange County to Texas or Arkansas. For its share of a three-partner deal, Loral expects to pay LTV a total of $244 million for the missiles division of Dallas-based LTV, which is reorganizing under Chapter 11 bankruptcy protection. Loral's partners, the Carlyle Group in Washington and Northrop Corp.
BUSINESS
July 13, 1994 | JAMES F. PELTZ, TIMES STAFF WRITER
Northrop Grumman Corp. said Tuesday that it agreed to buy the 51% of Vought Aircraft Co. it does not already own for $130 million from Carlyle Group, a Washington investment partnership. Dallas-based Vought makes large sections of commercial and military airplanes, including Northrop's B-2 Stealth bomber and Boeing Co.'s 747 jumbo passenger jet. The deal is not a surprise. Northrop, the Los Angeles-based aerospace and defense concern that recently bought Grumman Corp. for $2.
BUSINESS
March 30, 2005 | From Bloomberg News
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.
BUSINESS
October 21, 1997
InSight Health Services Corp. said two Carlyle Group executives, David W. Dupree and Glenn A. Youngkin, have been appointed to InSight's board. Washington-based Carlyle Group, a private investment firm, recently received the right to name two directors after investing $25 million in the Newport Beach firm. InSight provides diagnostic imaging and information, treatment and related management services.
BUSINESS
August 12, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
A bidding war for the defense and aerospace units of LTV Corp. intensified Tuesday when Loral Corp. and two partners raised their offer by $30 million to $475 million. Loral and its partners, Los Angeles-based Northrop Corp. and a Washington, D.C., investment firm, Carlyle Group, increased their bid as part of a battle with Martin Marietta Corp. to acquire LTV Missiles and Aircraft Products. Martin Marietta, based in Bethesda, Md., has offered $440 million for the LTV unit.
BUSINESS
June 30, 1992 | From Times Staff and Wire Reports
The French firm Thomson is considering teaming up with Northrop, Raytheon or Loral to win approval of a controversial acquisition of LTV's missile operations. Thomson agreed earlier this year to acquire the LTV unit for $300 million but has hit a wall of political opposition, both in Congress and in a special Bush Administration review of the deal.
BUSINESS
December 19, 2006 | From Bloomberg News
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.
BUSINESS
December 4, 2006 | From Bloomberg News
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.
BUSINESS
November 25, 2006 | From Reuters
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.
BUSINESS
June 14, 2006 | From Reuters
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.
BUSINESS
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.
BUSINESS
January 7, 2006 | From Bloomberg News
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.
BUSINESS
April 8, 1992 | From Times Staff and Wire Reports
Northrop Steps Back From Joining Bid: Northrop Corp. backed away from joining a bid for the aircraft divisions of LTV Corp., saying it didn't want to endanger its existing contract for the B-2 bomber. Northrop's decision came on the eve of a bidding contest in U.S. Bankruptcy Court in Manhattan for the LTV Defense & Aerospace Group. Judge Burton R. Lifland scheduled a hearing for this afternoon on the competing bids for the LTV units.
BUSINESS
March 30, 2005 | From Bloomberg News
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.
BUSINESS
February 24, 2005 | From Bloomberg News
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.
Los Angeles Times Articles
|