![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXR-TtSLaL1_y1loar_lHKpApXl_e-gkwQRnePEDE0c-Er2M-95fXWmyh_yVSbgIj7Y9QmXbo0o3RackfJc0_XPCqh9kaMApkKy_6_vg6PRe5xlAE_Ubk3ZdYUc47YH8bcS2knc-fJW_k/s320/carlyle+one.jpg)
One Carlyle danced on two sides of the globe. The politically-connected private equity underwriter (PEU) launched a Chinese renminbi fund. It raised 2.4 billion yuan to date, with a target of 5 billion. The fund "closed" so Carlyle can begin investing in consumer related and health care companies.
What nightmares will be exported as a result of the unholy alliance of corporate greed and abysmal quality? Carlyle & China have deadly failures in their corporate genes.
Meanwhile, Carlyle pursued another target halfway around the globe, European budget B&B Hotels.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF7YxsrY5XeVwlMF8t2gGdTs_25Ut5MSgt4PjJtwPawmTA7uwMhuEpvrU0YSj6Pt-UiSCLEc5CrRAAmoPHMUGWnuXC3AFlxNvYih9tpWw2xiyMl-7DE12sFbMdRpGbOq1B1wYjmDAvHGI/s320/bbhotels.jpg)
ABC News reported:
B&B Hotels operates over 200 budget hotels in France and Germany, and is expanding in Italy, Poland and Portugal.While the need for frugality grows, Carlyle's PEU money machine churns.