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December 03, 2009

Recap Rerun: Short Memories, Missing Regulation

While defaults rise and growing numbers of private-equity backed companies continue their march to bankruptcy (though not necessarily losses for the funds which marched them there), the "creative" financial devices which helped fuel the buyout boom appear poised for a comeback.

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May 15, 2009

Carlyle in USD 20 Million Settlement in New York Pension Fund Kickback Investigation

While the investigation into illegal kickbacks paid by private equity funds to "placement agents" who secured employee pension fund investments continues, Carlyle has entered into a USD 20 million deal with the State of New York.

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January 31, 2008

Growing Pension Fund Stakes Feed PE Search for 'Permanent Money'

CalPERS, the California Public Employees' Retirement System, has taken its third direct ownership stake in a private equity firm by spending an estimated USD 275 million to acquire 10% of Silver Lake Group, a US-based fund specializing in technology buyouts.

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September 26, 2007

The Carlyle Model: Permira Recruits Former Dutch Finance Minister

Gerrit Zalm, the former Dutch Minister of Finance and Deputy Prime Minister who served in various cabinets for the center-right liberal party VVD until February this year has joined Permira as an advisor.

Continue reading "The Carlyle Model: Permira Recruits Former Dutch Finance Minister" »

The Carlyle Model: Permira Recruits Former Dutch Finance Minister

Gerrit Zalm, the former Dutch Minister of Finance and Deputy Prime Minister who served in various cabinets for the center-right liberal party VVD until February this year has joined Permira as an advisor.

Continue reading "The Carlyle Model: Permira Recruits Former Dutch Finance Minister" »

September 20, 2007

SEIU Calls on Carlyle to Disclose Impact of Major Health Care Acquisition

The SEIU demonstrated outside the Washington DC headquarters of the Carlyle Group - the largest global private equity fund - to demand full disclosure of the impact of the fund's pending USD 6.3 billion acquisition of the nursing home and health care provider Manor Care.

"Carlyle has not said how Manor Care workers will be affected and whether there will be wage and benefit changes," a union spokesperson told the Washingto Post. According to the paper, the demonstrators "were unsuccessful in delivering a list of demands to Carlyle executives, including assurances that Carlyle would disclose how planned changes might affect nursing-home workers, residents and taxpayers in each of the states where Manor Care does business. Security personnel at Carlyle's headquarters on Pennsylvania Avenue NW denied them admission to the company's offices, and no one from Carlyle would agree to meet with the union."

"When our portfolio company customers are well served, our investors are as well," Carlyle spokesman Christopher Ullman said in a statement.