|Bid||18.46 x 900|
|Ask||18.60 x 900|
|Day's Range||17.93 - 18.52|
|52 Week Range||15.09 - 25.20|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||22.51|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.72 (9.21%)|
|1y Target Est||24.23|
Moody's Investors Service ("Moody's") downgraded Acosta, Inc.'s ("Acosta") Corporate Family Rating ("CFR") to Caa3 from Caa2 along with its Probability of Default Rating ("PDR") to Caa3-PD from Caa2-PD. At the same time, Moody's downgraded Acosta's senior secured bank credit facilities to Caa2 from Caa1 and its senior unsecured notes to Ca from Caa3.
Rubenstein received about $63 million in dividends from his ownership stake in 2018, and Conway and D’Aniello each got $59.6 million, according to figures disclosed Wednesday in a regulatory filing by the Washington-based private-equity firm. Glenn Youngkin and Kewsong Lee, who started as co-chief executive officers in 2018, received compensation of about $37 million a piece, including bonuses of $3.35 million and $32.7 million of restricted stock.
SAINT-MICHEL-DES-SAINTS, Quebec and NEW YORK, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Nouveau Monde Graphite ("Nouveau Monde" or "NMG") (TSX Venture Exchange: NOU) and the Traxys Group ("Traxys") are pleased to announce they have entered into an Offtake and Joint Marketing Agreement for flake graphite concentrate to be produced at Nouveau Monde’s Saint-Michel-des-Saints operation. Traxys is a global commodity trading and logistics company with operations in North and South America, Europe, Africa, the Far East and greater China and India.
The two U.S. buyout firms are considering a joint acquisition, Munich-based Osram said in a statement Wednesday, after Bloomberg News reported the talks. Osram shares surged 14 percent to 40 euros at the close in Frankfurt, their biggest gain since November, valuing the company at about 3.9 billion euros ($4.4 billion). The headlamp maker has struggled since it was cut loose by Siemens, with the shares more than halving last year before speculation of takeover interest started to circulate.
The Carlyle Group LP is a global alternative asset management firm. It operates business across, Corporate Private Equity, Global Credit, Real Assets, and Investment Solutions segments. The dividend yield of The Carlyle Group LP stocks is 6.59%.
Bain Capital and Carlyle Group are considering a joint offer for Osram, the German lighting group which has been the subject of bid speculation said on Wednesday. Osram, whose stock closed up 14.46 percent to reach its highest level in 10 weeks, said the private equity groups, who declined to comment on their interest, are looking at whether to jointly bid for up to 100 percent of its shares. It is not yet clear whether there will be an investment by Bain Capital and Carlyle Group," Osram said in a statement, adding that the talks could fail.
European shares rose on Wednesday as optimism about trade talks lifted global markets and data showed earnings growth forecasts for Europe were stabilising after steep downward revisions. The pan-European STOXX 600 index was up 0.6 percent, rising for the third straight session, with Germany's trade-sensitive DAX up 0.4 percent. Wall Street also extended its rally as hopes grew that the U.S. and China would hammer out a trade deal and avert a new round of U.S. tariffs on imports from China set to kick in next month.
The German lighting maker said it is involved in “detailed discussions” with the two parties and that it remains unclear whether there will be an investment from Bain and Carlyle.
The two US private equity firms have been mulling a €4bn-plus buyout of the German group since the autumn. Bloomberg reported on talks of a joint-bid earlier on Wednesday, prompting Osram to confirm it. The statement on Wednesday from Osram marks the first official confirmation of talks.
Ingersoll-Rand's (IR) Precision Flow Systems buyout, when completed, will strengthen its existing fluid management business. Earnings accretion is anticipated in the first year of the completion.
PE Daily: Constitution Forms Real Estate Unit; Carlyle Poaches Och-Ziff Exec Good day! As this week unfolds, some private-equity firms have been busy on the hiring front and not just for their core investment areas.
LLC as part of its plans to expand its credit business, according to a person familiar with the matter. Nicola Falcinelli will join Carlyle’s London office later this year as a managing director, where he will be reunited with former Och-Ziff colleague Taj Sidhu, whom Carlyle appointed in July last year to lead its European credit opportunities strategy. The hires underscore the growing attraction of the world’s largest private-equity firms, which are increasingly able to poach top talent from other financial institutions like hedge funds and investment banks.
Moody's Investors Service ("Moody's") assigned B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR) to DISCOVERORG, LLC ("DiscoverOrg") in connection with the company's recently issued credit facilities to fund an acquisition, as well as refinance its prior capital structure. Concurrently, Moody's assigned a B2 rating to DiscoverOrg's $965 million first lien senior secured credit facility ($100 million revolver and $865 million term loan), and a Caa2 rating to the $370 million second lien term loan.
Ingersoll-Rand PLC said Monday it plans to buy Precision Flow Systems (PFS) for $1.45 billion from funds advised by Carlyle Group LP and BC Partners Advisors L.P. At closing, which is expected in mid-2019, PFS will combine with Ingersoll-Rand's fluid management business. Ingersoll-Rand said it plans to fund the acquisition through a combination of cash on hand and debt. PFS had sales of $400 million in 2018, and has about 1,000 employees. Ingersoll-Rand's stock, which was still inactive in premarket trade, has slipped 0.9% over the past three months while the S&P 500 has declined 2.6%.
Ashley’s Sports Direct International Plc said after markets closed Friday that it offered to buy the assets of Patisserie Holdings Plc, which is being administered by KPMG in the wake of an accounting scandal. A day earlier, the Wall Street Journal reported that Carlyle’s special situations unit is also weighing a bid for the cafe chain. The Journal, which cited people it didn’t identify, also said there were a number of financial buyers interested in the business.
U.S. private-equity firm Carlyle Group LP is eyeing the possible sale of Addison Lee Group in a deal that could value the London-based taxi company around £800 million ($1.04 billion), according to people familiar with the matter. The buyout group has appointed bankers from Bank of America Merrill Lynch to handle the process, which is likely to start later in 2019 when there may be more clarity about the U.K.’s planned departure from the European Union, the people added. The possible sale comes amid intensifying competition from U.S. ride-hailing apps Uber Inc. and Lyft Inc., which are slated in 2019 for initial public offerings that will value the companies at as much as $120 billion and $15 billion respectively, The Wall Street Journal reported last year.
Meanwhile, as we report this morning, Carlyle’s special situations unit is also weighing a bid for troubled U.K. bakery chain Patisserie Valerie and its European private-equity team is nearing the €6 billion mark for its latest buyout fund. Carlyle Group LP’s special situations unit is weighing a bid for troubled café chain Patisserie Valerie, according to people familiar with the matter, Will Louch reports for WSJ Pro. The bakery chain, which had been backed by Risk Capital Partners, filed for administration protection, a U.K. version of bankruptcy, in January.
Carlyle Group LP reported a fourth-quarter loss Wednesday as the firm navigated a downturn in financial markets, but its private-equity fund performance held up better than that of its peers. The private-equity firm reported a loss of $10.1 million, or 15 cents a share, compared with a profit of $58.9 million, or 49 cents a share, for the comparable quarter a year earlier. Carlyle said it would pay a dividend of 43 cents a share for the fourth quarter.
Blackstone Group LP and Carlyle Group LP recently adopted it as their key metric after KKR & Co. changed last year. The yardstick, which has been in past earnings reports but not spotlighted, strips out mark-to-market valuations and promises to make quarterly results less volatile, particularly in turbulent markets. The share prices of these giant firms have mostly lagged the broader market since they went public, which for Blackstone was more than a decade ago.
For the forth quarter, Carlyle said pre-tax distributable earnings (DE) - the cash available for paying dividends - totaled $211 million, up from $156 million a year earlier. This was boosted by fee-related earnings (FRE), comprising primarily fees paid by investors to participate in Carlyle's funds, which surged to $175 million, from $27 million a year earlier. Net of one-off positive factors such as $32 million in insurance recoveries, quarterly FRE was around $90 million.
WASHINGTON (AP) _ The Carlyle Group LP (CG) on Wednesday reported a fourth-quarter loss of $10.1 million, after reporting a profit in the same period a year earlier. The Washington-based company said it had a loss of 15 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.