Sunday, August 22, 2010

Carlyle Group Sub Reaches Tentative Agreement with UAW

United Auto Workers (UAW) representatives in Fairfield, Illinois reached tentative agreement with Airtex Products, a division of United Components, Inc. (UCI). UCI is owned by The Carlyle Group, a private equity underwriter (PEU). Carlyle is shopping UCI as part of its "Great Cash In."

The UAW's Richard Trumka and Carlyle's David Rubenstein have direct access to the White House. How are the two leaders involved in this negotiation? Is either one pulling the strings from afar?