|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||22.17 - 22.60|
|52 Week Range||15.09 - 25.20|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||13.16|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.76 (3.86%)|
|1y Target Est||25.00|
Axalta said its board has initiated a comprehensive review of strategic alternatives — including a potential sale — to maximize shareholder value. The board has formed a strategic review committee chaired by Mark Garrett, the independent presiding director of the board. Axalta, the erstwhile coating business of DuPont de Nemours Inc (NYSE: DD), has had a checkered history since its inception, with failed takeover discussions and frequent leadership changes.
Nouryon, the chemicals company controlled by the US private equity group Carlyle, said it could make acquisitions worth several billions of dollars and spin off one of its divisions in the coming years. While Nouryon’s current focus is on increasing sales and profitability and paying down debt, chief executive Charlie Shaver told the Financial Times that deals were likely to follow.
The Washington-based private equity firm will likely have raised about $110 billion, co-Chief Executive Officer Glenn Youngkin said Tuesday at the Morgan Stanley Financials Conference in New York. Carlyle co-founder David Rubenstein set the multi-year goal in 2016. “Our investors are shifting, truly shifting, allocations away from lesser performing areas into private capital,” Youngkin said.
Bill Conway, co-founder and co-executive chairman of D.C. private equity giant The Carlyle Group LP (NASDAQ: CG), and his wife, Joanne, have made a $20 million donation to Catholic University, bringing their total financial support to the school to $40 million — the largest amount in university history from a single benefactor. The nursing school has been renamed the Conway School of Nursing in honor the couple's generosity. University President John Garvey said in a statement the gift will enable the nursing program to double its enrollment to more than 700 students.
So, who performs better with their portfolio companies, publicly traded private equity firms or non-publicly traded ones?
The stocks of financial institutions that rely on so-called lending spreads to make money are under pressure. KBW’s Frederick Cannon identified financial companies that are likely to do well now.
Private equity-backed Neptune Energy expects output to slip to 155,000 barrels of oil equivalent per day (boed) this year, it said on Wednesday, as it reported operating cashflow of $362.3 million for the first quarter. Neptune, which is backed by Carlyle Group and CVC Capital Partners and has liquidity of around $1.3 billion, is one of a handful of UK-based private-equity backed energy groups industry sources expect to eventually list. Last year, Neptune bought Norwegian and Danish offshore oil and gas assets from German gas utility VNG.
Moody's Investors Service ("Moody's") placed the ratings of LD Intermediate Holdings, Inc.'s (dba "KLDiscovery" or "KLD") under review for upgrade, including its Caa1 Corporate Family Rating (CFR), Caa1-PD Probability of Default Rating (PDR), B3 senior secured first lien credit facility rating (revolver and term loan), and Caa3 second lien term loan. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
Moody's Investors Service ("Moody's") has affirmed the B1 rating on Nautilus Power, LLC's (Nautilus or Project or Borrower) senior secured credit facilities following the planned addition of $55 million to the term loan B. After the incremental debt, the senior secured credit facility will consist of an approximately $659 million term loan B due in 2024 and a $75 million revolving credit facility due in 2022. Other terms of the senior secured credit facilities will remain largely the same, including the maturity dates and the cash flow sweep mechanism, which remains the greater of (a) 75% of excess cash flow and (b) the amount needed to be swept to reach a target debt balance, which will be adjusted to reflect the higher debt amount.
Ingersoll-Rand's (IR) buyout of PFS will boost the company's existing fluid management business through technical expertise, and the addition of about 1,000 workers and strong manufacturing units.
A unit of asset management firm Carlyle Group LP this week will appeal to the Trump administration to guarantee a two-year approval of its South Texas crude export project, officials said. Carlyle-backed Lone Star Ports LLC is vying to open the first new U.S. crude export facility that can fully load supertankers, which will require dredging a South Texas ship channel deep enough to allow fully loaded supertankers to maneuver at its planned terminal. The company plans to file paperwork with the administration's Federal Permitting Improvement Steering Council (FPISC) to join a list of infrastructure projects that U.S. officials hope to ease through federal, state and local reviews.
Moody's Investors Service ("Moody's") downgraded the corporate family rating of Flex Acquisition Company, Inc. (doing business as Novolex) to B3 from B2 and the probability of default rating to B3-PD from B2-PD. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.
Investment company Carlyle Group L.P. buys Chesapeake Energy Corp, sells Golden Ocean Group during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Carlyle Group ...
NEW YORK , May 10, 2019 /PRNewswire/ -- Carlyle Property Investors, a real estate fund sponsored by The Carlyle Group, and Stonehenge NYC today announced that through a newly formed joint venture they ...
Meritor, Inc. (NYSE: MTOR ) announced Wednesday that it has entered into an agreement with an affiliate of The Carlyle Group LP (NASDAQ: CG ) to acquire AxleTech for about $175 million in cash. What Happened ...
Billionaire private equity titan David Rubenstein thinks the U.S. and China will reach a trade deal by the summer.
Moody's Investors Service ("Moody's") has today assigned a Baa3 senior unsecured rating to CEPSA Finance, S.A.U. (Cepsa Finance), a guaranteed subsidiary of Compania Espanola de Petroleos, S.A.U. (Cepsa), as well as a Baa3 rating to the senior unsecured notes issued by Cepsa Finance. The Baa3 rating of the notes issued by Cepsa Finance is in line with the Baa3 issuer rating of Cepsa, reflecting that Cepsa Finance is a guaranteed subsidiary of Cepsa.
Carlyle Group Co-Founder and Co-Executive Chairman David Rubenstein is optimistic the U.S. and China will reach a trade deal, and says China remains 'a wonderful place to invest.' He spoke with Yahoo Finance's Scott Gamm at the SALT conference in Las Vegas about trade, the markets, the Uber IPO and Federal Reserve Chair Jerome Powell's handling of the economy.