20.45 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||20.01 x 1800|
|Ask||21.00 x 800|
|Day's Range||20.10 - 20.58|
|52 Week Range||19.50 - 25.90|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||11.42|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||0.88 (4.37%)|
|1y Target Est||28.86|
The oilfield-service company said it is selling its laboratory and geological analysis business, including personnel and associated contracts. ’s Carlyle Energy Mezzanine Opportunities Fund II LP will provide minority common equity and growth capital to CSL as part of the deal. Weatherford said it will use proceeds from the sale, which it expects to complete before the end of the year, to reduce debt.
Weatherford Interntional PLC (NYSE: WFT), which has its main U.S. office in Houston, has reached a deal to sell its laboratory services business for $205 million, according to an Oct. 22 press release. News broke earlier this year that Weatherford was considering selling the business. The buyer is a group led by Houston-based investment firm CSL Capital Management LP that also includes Carlyle Energy Mezzanine Opportunities Fund II LP. The Carlyle Group (Nasdaq: CG) fund will provide minority common equity and growth capital. The divestiture includes Weatherford’s laboratory and geological analysis business, including personnel and associated contracts.
BAAR, Switzerland, Oct. 22, 2018 /PRNewswire/ -- Weatherford International plc (WFT) (the "Company" or "Weatherford") today announced it has signed a definitive agreement to sell its laboratory services business to a group led by CSL Capital Management, L.P. ("CSL Capital") for $205 million in cash. Under the agreement, Weatherford will divest its laboratory and geological analysis business, including personnel and associated contracts. After exiting the laboratory business, Weatherford will continue to maintain a close, collaborative relationship with CSL Capital that will enable it to continue to provide services to their joint customers. The transaction is expected to close before year-end, subject to regulatory approvals, consents and other customary closing conditions.
Michael Silverstein is a former Carlyle Group operating executive. A Business & Finance article Thursday about the proxy fight at Campbell Soup Co. incorrectly said he is a current Carlyle executive. A caption on a photo illustrating a cover story on the American economy, published in Saturday’s Review section, showed the late Andrew Grove holding up a silicon wafer.
Good day. Wall Street fallout continues to mount over the alleged murder of Saudi journalist Jamal Khashoggi as executives decide whether or not to attend one of the kingdom’s marquee business conferences.
The Carlyle Group (Nasdaq: CG) on Monday entered an agreement to acquire South Florida-based Apollo Aviation Group, a commercial aviation investment and servicing firm with locations in Miami, Dublin and Singapore. Apollo Aviation chairman Bill Hoffman said the private equity firm has a similar culture and vision for success as Apollo, convincing him that the acquisition was the right move. "In our meetings with Carlyle’s founders, co-CEOs and other senior executives, we saw clearly that their view to invest wisely and create value on behalf of their investors was very much in line with our own views," Hoffman said.
Aberdeen-headquartered EnerMech has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum.
to invest in Adicon Holding Ltd., a Chinese clinical laboratory operator. Founded in 2004, Adicon owns and operates 20 diagnostic laboratories that offer diagnostic testing outsourcing services to more than 10,000 customers in 28 provinces, including hospitals, clinics and contract research organizations, according to a news release. Carlyle in 2012 said it acquired a 13.5% stake in Chinese health-care checkup services provider Meinian Onehealth.
The head of private equity group Carlyle’s energy division is contributing $100m of his own money to its latest $4bn fund, as investors ratchet up pressure on top dealmakers to invest more out of their own pocket.
KKR Capital Markets is arranging a leveraged financing that will back the US$6.7bn sale of one of its portfolio companies, insurance services provider Sedgwick, as private equity firms continue to boost their lending capabilities. KKR is playing dual roles on Sedgwick’s sale as it is acting as the seller and is one of three loan arrangers along with Bank of America Merrill Lynch and Morgan Stanley. KKR agreed to sell a majority stake in Sedgwick to Carlyle in September and is selling all of its interest in the company.
Under the sales agreement, Traxys is obligated to purchase 12 tonnes per year of scandium trioxide for the first 10 years of the Project’s production, subject to satisfaction of certain conditions. That annual amount represents approximately 10 percent of NioCorp’s planned annual production of Scandium. Traxys can purchase more than 12 tonnes per year from NioCorp, and the agreement can be extended beyond the 10-year term, by mutual agreement.
Will Goldman Sachs Keep the Earnings Streak Alive in Q3 2018? Goldman Sachs’s (GS) Investing and Lending segment has continuously reported significant YoY (year-over-year) revenue growth in the past few quarters. Analysts expect the segment to have performed well in the third quarter mainly due to rising rates, high lending, new assets, and private equity gains.
Private equity is the quintessential capitalist endeavor, but publicly traded private equity firms are a relatively new investment opportunity. The Carlyle Group (CG) was founded in 1987, but didn't go public until 2012 since the owners could make money on deals instead of stock options. Carlyle has paid out over $10 in dividends since then, but the stock has been a lagger.
AMSTERDAM (Reuters) - Akzo Nobel's former chemicals subsidiary will likely return to the market as a standalone public company in three to five years, its new CEO Charles Shaver said on Tuesday. Shaver ...
"I think there will be a resolution not unlike what happened in NAFTA. There was a back-and-forth, but ultimately a resolution occurred," said David Rubenstein, the co-founder and co-executive chairman of The Carlyle Group. In fact, the tit-for-tat tariffs are "relatively modest" compared to the sizes of the U.S. and Chinese economies on their own, he added.
The reverse-logistics operation of Optoro Inc. and the Mediterranean-inspired menu of falafel juggernaut Cava Group Inc. propelled Greater Washington to a strong third quarter for venture funding — and gives it a shot at a record-breaking haul for 2018. Greater Washington saw $452.67 million in venture funding in the third quarter, according to the new 2018 PitchBook-NVCA Venture Monitor report. The region has seen $1.42 billion in venture funding through the first three quarters, setting the region up for the biggest year recorded by Pitchbook so far (It has been data tracking back to 2002).
Happy Columbus Day! It may be a holiday for some, but the private-equity world isn’t slowing down. Carlyle Group LP and BC Partners have made London-based hires to assist with fundraising in the Middle East.
Such alliances, referred to as "club deals" in the private equity industry, lost much of their allure following the 2008 financial crisis, as some high-profile leveraged buyouts either ended up in bankruptcy or underperformed financially. Some of them even had to fork out hundreds of millions of dollars to settle lawsuits accusing them of conspiring to drive down acquisition prices during the leveraged buyout boom leading up to the crisis.
LP and BC Partners have made London-based hires to assist with fundraising in the Middle East. Carlyle has hired Ani Khatri as a managing director in its investor-relations team, according to a person familiar with the matter. BC Partners said it appointed Yacine Mancer as a principal.
Good day and welcome to the Private Equity Pro newsletter. The biggest firms may be dominating U.S. fundraising, but that didn’t stop growth-equity shop Aldrich Capital Partners from raising $256 million for its debut fund.
Moody's Investors Service (Moody's) changed I-Logic Technologies Bidco Limited's (dba "Dealogic") rating outlook to positive from stable and affirmed its Corporate Family Rating ("CFR") at B3, its Probability of Default Rating ("PDR") at B3-PD, and its senior secured first lien credit facility ratings at B3. The change in outlook to positive reflects the significant progress Dealogic has already made in its cost savings initiatives which, along with organic revenue growth, Moody's expects will drive leverage towards 6x over the next 12-18 months.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Dutch paintmaker Akzo Nobel (AKZO.AS) said on Tuesday it would return 5.5 billion euros (£4.9 billion) to shareholders after the sale of its specialty chemicals division closed this week, fulfilling a promise made in March to give shareholders a large majority of the proceeds. The company said it would buy back 2.5 billion euros of shares and distribute 1 billion euros in a special dividend. In addition, it will distribute 1 billion euros in paid-in capital.