Tuesday, April 21, 2009

Carlyle Group Lobbied for John Maneely Sale

The Carlyle Group spent $380,000 in 2008 with King & Spalding, a lobbying firm. Carlyle inked a $3.5 billion deal with a Russian firm for the sale of steel maker John Maneely Co. The deal imploded alongside Wall Street. Carlyle's DBO Holdings sued and received a $234 million settlement.

While the deal didn't go through, the $380,000 likely went to grease the CFIUS process. Carlyle got magical results when it sold Landmark Aviation and Standard Aero to Dubai Aerospace. The silent sale passed CFIUS between the Dubai Ports World brouhaha and the NASDAQ/Bourse uproar.

The Carlyle Group knows how to purchase influence, when it's not hiring same.