CG - The Carlyle Group Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
32.13
-0.56 (-1.71%)
At close: 4:00PM EST
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Previous Close32.69
Open32.55
Bid31.50 x 4000
Ask33.65 x 800
Day's Range31.79 - 32.76
52 Week Range17.33 - 34.98
Volume1,879,369
Avg. Volume1,828,790
Market Cap11.152B
Beta (5Y Monthly)1.82
PE Ratio (TTM)11.39
EPS (TTM)2.82
Earnings DateApr 28, 2020 - May 03, 2020
Forward Dividend & Yield1.18 (3.58%)
Ex-Dividend DateFeb 13, 2020
1y Target Est34.00
  • Moody's

    Star US Bidco, LLC -- Moody's assigns B2 CFR to Star US Bidco, LLC (dba Sundyne); outlook stable

    Moody's Investors Service ("Moody's") has assigned initial ratings to Star US Bidco, LLC (dba "Sundyne"), including a corporate family rating ("CFR") of B2 and a probability of default rating of B2-PD. Concurrently, Moody's assigned a B2 rating to the company's first lien senior secured credit facilities, including a $100 million revolver, a $30 million letter of credit facility and a $535 million term loan. Proceeds from the proposed debt facilities together with new cash equity from private equity sponsor Warburg Pincus will fund the acquisition of Sundyne from current financial sponsor owners BC Partners Advisors and The Carlyle Group.

  • World's Top 10 Private Equity Firms
    Investopedia

    World's Top 10 Private Equity Firms

    These are the top ten private equity firms globally at the start of 2020, including information on their investment focus and notable holdings.

  • Moody's

    Eagle Holding Company II, LLC -- Moody's upgrades Eagle/PPD's CFR to Ba3; stable outlook

    Rating Action: Moody's upgrades Eagle/PPD's CFR to Ba3; stable outlook. Global Credit Research- 14 Feb 2020. New York, February 14, 2020-- Moody's Investors Service, upgraded Eagle Holding Company II, ...

  • The Library of Congress scores big donation from David Rubenstein
    American City Business Journals

    The Library of Congress scores big donation from David Rubenstein

    David Rubenstein is at it again. The co-executive chairman of The Carlyle Group Inc. (NASDAQ: CG) with a long list of philanthropic donations to the region’s monuments and cultural institutions is committing $10 million to the renovation of the Thomas Jefferson Building of the Library of Congress. It includes a new ground-level orientation center; a learning lab focused on families, teens and school groups; and new exhibitions that will better tell the history of the Library of Congress.

  • Golden Goose sneaker brand worn by Taylor Swift sold to Permira for €1.3 billion
    MarketWatch

    Golden Goose sneaker brand worn by Taylor Swift sold to Permira for €1.3 billion

    Golden Goose, the Italian luxury sneaker brand worn by celebrities including Taylor Swift and Selena Gomez, has been snapped up by private-equity firm Permira in a deal worth around €1.3 billion ($1.09 billion), according to people familiar with the situation. Set up in 2000 with headquarters in Venice by designers Alessandro Gallo and Francesca Rinaldo, the pre-distressed style shoes are emblazoned with the brand’s signature star and sell for as much as €400 a pair. Permira is buying Golden Goose from U.S. buyout group Carlyle (CG) which bought the business from a pool of investors led by Ergon Capital Partners in 2017.

  • Financial Times

    Permira snaps up Golden Goose sneakers in €1.3bn deal

    Golden Goose, the Italian brand whose deliberately scruffy-looking trainers sell for as much as £1,000, has been sold to the private equity firm that owns Dr Martens, for just under €1.3bn. The brand’s sneakers have attracted a celebrity following that includes Taylor Swift, Gwyneth Paltrow and Jude Law. Under Carlyle’s ownership the company, founded in 2000 with headquarters in Venice, has opened 100 stores, including flagships in New York, Beijing and Tokyo.

  • Thomson Reuters StreetEvents

    Edited Transcript of CG earnings conference call or presentation 5-Feb-20 1:30pm GMT

    Q4 2019 Carlyle Group Inc Earnings Call

  • GlobeNewswire

    The Carlyle Group Announces Fourth Quarter and Full Year 2019 Financial Results

    Global investment firm The Carlyle Group Inc. (CG) today reported its unaudited results for the fourth quarter and full year ended December 31, 2019. The full detailed presentation of Carlyle's fourth quarter and full year 2019 results can be viewed on the investor relations section of our website at ir.carlyle.com.

  • ACCESSWIRE

    The Carlyle Group LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 5, 2020 / The Carlyle Group LP (NASDAQ:CG) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on February 5, 2020 at 8:30 AM ...

  • Solid Equity Markets to Aid Artisan Partners (APAM) Q4 Earnings
    Zacks

    Solid Equity Markets to Aid Artisan Partners (APAM) Q4 Earnings

    Artisan Partners' (APAM) Q4 results will likely display positive impact of strong equity markets.

  • Moody's

    Revere Power, LLC -- Moody's announces completion of a periodic review of ratings of Revere Power, LLC

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Revere Power, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Moody's

    1199169 B.C. Unlimited Liability Company -- Moody's affirms Dynasty Acquisition (dba StandardAero) ratings, including B3 CFR and B2 first lien debt

    According the Moody's lead analyst Bruce Herskovics, "while StandardAero's free cash deficit will continue into the first half of 2020, we expect free cash flow to exceed $125 million for the full year, with the aircraft engine maintenance/repair/overhaul ("MRO") business growing a projected 10% from existing contracts alone." "We envision leverage declining to the high-6x range by the end of the year," added Herskovics.

  • Bloomberg

    Carlyle Is the Latest Investor Worried About Putting Money in Mexico

    (Bloomberg) -- Businesses leaders are becoming more outspoken about policy shifts by Mexican President Andres Manuel Lopez Obrador, saying the uncertainty makes them less willing to invest in the country.Private equity giant Carlyle Group Inc. is the latest to publicly express concerns, saying investors need more clarity and consistency, and that as things stand it’s unwilling to put money into the sector. There’s a “night and day” change in the business climate from the previous administration, said Ferris Hussein, Carlyle’s managing director for energy and power infrastructure.“Our hope is that there is an investment opportunity in Mexico,” Hussein said at an oil conference in Mexico City on Tuesday. “I would say there isn’t today, unfortunately.”Earlier this month, Claudia Janez, president for Latin America at DuPont de Nemours Inc., said that rule changes and anti-business rhetoric from the government are souring the business climate. Carlos Salazar, an ally of the president who heads Mexico’s biggest business lobby group, CCE, also warned the government to stop putting out messages that hinder long-term investment decisions in the country.Read More: Big Companies to Mexico’s President: Stop Changing RulesThe recent criticism from business leaders contrasts with the conciliatory tone they initially adopted when seeking a working relationship with Lopez Obrador, who took office at the end of 2018. It also signals some of them have given up trying to get the president’s ear.Energy FiascoSome of Lopez Obrador’s biggest policy shifts have affected the energy sector, including a hiatus on the country’s competitive oil and gas auctions. He also granted state-owned Petroleos Mexicanos a five-year extension on a clean fuel requirement that has enabled it to continue to sell polluting diesel in parts of the country.The uncertainty contributed to the stagnation of Mexico’s economy last year, which is likely to have been its weakest performance since 2009.Mexico’s Chief of Staff, Alfonso Romo, told Radio Formula on Wednesday that the country has to offer legal certainty to private investors in order to stimulate economic growth.Asked about investor concerns, Octavio Romero, chief executive officer of Pemex, said at a press conference Wednesday that there will be plenty of opportunities for private investment in service contracts as the company drills more wells than in previous administrations.Read More: AMLO Chips Away at Mexico Energy Reforms as Investors Stay WaryEd Morse, the head of commodities research at Citigroup, speaking on the sidelines of the oil conference where Carlyle’s Hussein gave his presentation, said that Mexico’s oil and gas sector is an “unknown.”“There is a question about whether the moratorium on future auctions is going to be permanent,” Morse said. “Eventually Mexico will have to look again at how attractive it is for foreign investment.”(Updates with Carlyle quote in 2nd paragraph, quote from chief of staff in 8th paragraph)To contact the reporters on this story: Amy Stillman in Mexico City at astillman7@bloomberg.net;Nacha Cattan in Mexico City at ncattan@bloomberg.netTo contact the editors responsible for this story: Juan Pablo Spinetto at jspinetto@bloomberg.net, Matthew Bristow, Walter BrandimarteFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Private Equity Gets Into a Great Big Elevator Fight
    Bloomberg

    Private Equity Gets Into a Great Big Elevator Fight

    (Bloomberg Opinion) -- Private equity firms are having to adopt divergent strategies to get a piece of Europe’s hottest M&A deal. Ambition and aggression appears to have the advantage, but it would be foolish to rule out tactical cunning.Blackstone Group Inc. is teaming up with Carlyle Group LP and a Canadian pension fund — a formidable force combined — in an attempt to buy all of Thyssenkrupp AG’s colossal elevator division. CVC Capital Partners is being less greedy and more creative, backing a rival proposal by Thyssenkrupp’s industrial peer Kone Oyj, which would let CVC pick up assets jettisoned by Kone to assuage trustbusters.Kone is offering to pay about 17 billion euros ($18.7 billion). The several pitches from private equity consortia including Blackstone’s are under 16 billion euros, Bloomberg News reported on Tuesday. The Finnish company needs to offer a premium to compensate for the comprehensive antitrust investigation that its offer would trigger, which would push out the deal’s completion date and create uncertainty.Time matters because Thyssenkrupp’s financial situation is strained. Net debt was 4.3 billion euros at the end of its last financial year, the pension deficit was 8.6 billion euros and the group made a yearly loss. Kone’s proposal seeks to cater to the vendor’s needs. It’s not just that the price is higher; there would be an immediate down-payment of several billion euros. Antitrust risk could be mitigated partly by CVC agreeing a side deal for Thyssenkrupp’s European assets.Kone could go further by committing to buy the business and accept whatever competition remedies were required, even if that meant a forced sale of more assets. Turning any such pledge into a practical reality isn’t so easy. It would be surprising if Kone really was willing to take on such risk, even if there’s a long list of buyout firms fond of these assets. And the more disposals it makes to meet the concerns of regulators, the greater the risk of political opposition for breaking up a German industrial icon.In short, Kone’s ability to completely eliminate antitrust risk remains a grey area. For now, the higher sticker price is the major advantage over an all-private-equity bid such as Blackstone’s. A buyout would face minimal antitrust hurdles, and the full proceeds would probably come almost as quickly as Kone’s down-payment.For Thyssenkrupp’s board, it will be tempting to take 16 billion euros upfront rather than, say, 3 billion euros immediately with 14 billion euros down the road. But the 1 billion euros difference is still a lot of money, and it’s possible Kone could go higher.At 16 to 17 times trailing adjusted Ebitda, the auction has already reached a heady level. But Kone’s potential savings would bring the multiple down. As for Blackstone, its chunky real-estate holdings would help it create value from an elevator business. This auction may have further to run. To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Jeff Bezos throws a D.C. shindig and Amazon employees protest policy
    American City Business Journals

    Jeff Bezos throws a D.C. shindig and Amazon employees protest policy

    Is it redundant to say that Amazon.com Inc. (NASDAQ: AMZN) founder and CEO Jeff Bezos threw a "lavish party" at his recently finished $23 million Kalorama mansion Saturday? The affair, held inside one of the District's largest homes, the converted former Textile Museum, was bound to be "lavish," as multiple news outlets noted.

  • Bloomberg

    Carlyle-Owned U.K. Cab Firm Addison Lee Rescued By Lenders

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.A group of lenders to British cab operator Addison Lee agreed to a rescue package that will hand them control of the troubled firm, according to a person familiar with the situation.Creditors will provide 45 million pounds ($59 million) of fresh funds and refinance 100 million pounds of loans, extending the maturity on the debt by seven years, according to the person who asked not to be named because it’s private.The Telegraph first reported Addison Lee’s rescue.The deal was agreed after private equity owner Carlyle Group LP, which bought Addison Lee in 2013 for about 300 million pounds, failed to find a buyer. Bloomberg News reported in August that it was considering a U.S. listing.Portions of the company’s debt were trading at distressed levels below 30% of face value earlier in January.To contact the reporter on this story: Antonio Vanuzzo in London at avanuzzo@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Chris VellacottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Carlyle Group Commits $100 Million to New Solar Initiative

    (Bloomberg) -- Carlyle Group Inc. is committing $100 million toward a new solar initiative.The Washington-based firm is partnering with clean-power company Alchemy Renewable Energy to develop, buy, finance and operate solar projects in the U.S.The initiative will focus on projects between 5 megawatts and 80 megawatts, said Pooja Goyal, head of Carlyle’s renewable and sustainable energy team and co-head of its infrastructure group.“There’s a lot of opportunity when it comes to smaller renewable-energy projects,” she said in an interview. “That part of the market is very fragmented.”Alchemy Renewable Energy is backed by Monarch Private Capital, which has placed over $1.5 billion of tax credits since 2005, according to a statement Tuesday. It has a portfolio of 38 renewables projects in development or operation across eight states.To contact the reporter on this story: Brian Eckhouse in New York at beckhouse@bloomberg.netTo contact the editors responsible for this story: Joe Ryan at jryan173@bloomberg.net, Millie Munshi, Catherine TraywickFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Carlyle looking at 'relatively cheap' energy assets: Rubenstein
    Reuters

    Carlyle looking at 'relatively cheap' energy assets: Rubenstein

    Rubenstein, co-executive chairman of the private equity (PE) giant, told the Reuters Global Markets Forum that securing bank loans for such deals had become harder, however. Big investors are rewarding companies with progressive climate policies and dumping heavy polluters, as climate change gains importance on the investment agenda. Rubenstein said he was "very bullish" on renewables and added that investors entering established PE funds today can expect mid-teen percentage rates of return through over the fund life-cycle.

  • Barrons.com

    Permira Will Nearly Triple Its Money on $4.2 Billion Sale of Duff & Phelps

    Stone Point Capital and Further Global are buying Duff & Phelps in a deal that will see Permira, the European private-equity firm, retain a significant stake.

  • Carlyle’s Rubenstein on Trump: ‘Most presidents get re-elected’
    Yahoo Finance

    Carlyle’s Rubenstein on Trump: ‘Most presidents get re-elected’

    A strong domestic economy could springboard President Donald Trump to a second term in the White House, said private equity leader David Rubenstein, founder and co-executive chairman of the The Carlyle Group.

  • Moody's

    Ortho-Clinical Diagnostics SA -- Moody's assigns Caa2 rating to Ortho-Clinical's new unsecured notes

    Moody's Investors Service, ("Moody's") assigned a Caa2 rating to Ortho-Clinical Diagnostics SA's ("Ortho" or "Ortho-Clinical Diagnostics") new senior unsecured notes. Ortho's existing ratings, including its B3 Corporate Family Rating, B3-PD Probability of Default Rating, and B2 senior secured bank credit facilities ratings, remain unchanged. Proceeds from the notes offering will be used to refinance a portion of the existing 6.625% USD unsecured notes that mature in 2022.

  • GlobeNewswire

    The Carlyle Group to Announce Fourth Quarter and Full Year 2019 Financial Results and Host Investor Conference Call

    WASHINGTON, Jan. 15, 2020 -- Global investment firm The Carlyle Group Inc. (NASDAQ: CG) will host a conference call at 8:30 a.m. EST on Wednesday, February 5, 2020 to announce.

  • With highest vacancy rate since 1993, downtown D.C.'s office woes continue to mount
    American City Business Journals

    With highest vacancy rate since 1993, downtown D.C.'s office woes continue to mount

    Downtown D.C.'s office vacancies hit another record-setting high in late 2019, a continued cause for alarm among the District's commercial real estate industry. The Downtown D.C. Business Improvement District estimates there's about 7.7 million square feet of empty office space within its borders, per a report the BID released earlier this month. The latest numbers bring the vacancy rate to 13.9%, the highest rate since 1993.