Saturday, April 9, 2011

The Week in Carlyle

The Carlyle Group had a busy week.  According to news reports, Carlyle:

May invest in Indian hospitals (WSJ)

Took an equity stake in PixelOptics, maker of innovative eyeglass that retail for $1,200 (Roanoke Times)

Financed European deals with cheap, plentiful leveraged loans (Bloomberg)

Joined two other PEU's in bidding $2 billion for CitiFinancial, rebranded OneMain (FT)

Affiliate Moncler SpA filed for an IPO on the Italian Stock Exchange (DowJones)

Affiliate Allison Transmissions hosted President Barack Obama.  It's the latest Presidential pilgrimage to an Allison facility (Detroit News)

Invested in ADA Cosmetics, a supplier of cosmetics and accessories for the hotel industry. Products are offered to premium hotels in Europe, Asia and the Middle East.  (Unquote)

Decided it didn't need the Texas Legislature to give it rate charging authority for their Galveston Port deal (Galveston Daily News)

Tried to convince Los Angeles World Airports that it had the right strategy to turn around Ontario International Airport.  (Press Enterprise)

Helped joint-venture partner Seaspan get an upgrade by Jeffries.  The billion dollar JV is for Chinese ships. (Benzinga)

Benefited from ExxonMobil's agreement to pay $18 million to clean up Connecticut rest areas, a 35 year Carlyle concession. (Stamford Advocate)

Closed the $6.1 billion deal monetizing ManorCare's nursing home facilities (CityBiz Real Estate)

Saw strong investor interest in Booz Allen Hamilton.  Carlyle holds 77% of BAH's common stock after the IPO.  (American Banking & Market News)

Co-founder David Rubenstein chaired a gala honoring global leaders who embrace openness. (Bisnow)
As for openness, Rubenstein is yet to reveal the amount of Gadhafi cash his PEU holds via the Libyan Investment Authority (LIA).  When he does speak, one must also be mindful of Rubenstein's propensity for puffery.

Update 8-6-11:  Carlyle parlayed their investment in PixelOptics into Elenza, an intraocular lens maker.