Monday, April 27, 2009

Carlyle Group to Lose IMO CarWash?

Private Equity News reported The Carlyle Group is set to lose control of IMO Car Wash Group as part of its debt restructuring negotiations with lenders. If it implodes under the weight of excessive leverage or exotic financial instruments, the Carlyle list of failures includes:

Carlyle Capital Corporation
Blue Wave Partners
Hawaiian Telecom
IMO Car Wash