|Bid||20.650 x 300|
|Ask||20.700 x 1900|
|Day's Range||20.600 - 21.100|
|52 Week Range||16.600 - 25.900|
|PE Ratio (TTM)||8.67|
|Earnings Date||May 1, 2018|
|Forward Dividend & Yield||1.41 (6.98%)|
|1y Target Est||27.79|
Spain's Codorniu, a maker of cava sparkling wine, said on Thursday they had rejected a takeover bid by U.S. fund The Carlyle Group, confirming a report in newspaper La Vanguardia, but added they were open to an approach by a potential minority partner. The Codorniu board rejected an offer by the fund last week after Carlyle proposed the acquisition of a majority stake, a spokeswoman said. Some of the private, family-run company's 216 shareholders plan to sell their stakes and that has prompted Codorniu's interest in external partners, she said.
A little-known mortgage lender is taking on Japan’s giant banks, betting it will overtake them in home loans. Aruhi Corp. vows to increase annual originations to more than $11 billion over the next five years to become the top company in the industry, even though the megabanks are at least 90 times its size, according to Hiroshi Hamada, Aruhi’s chairman and chief executive officer. Cheap rates, less red tape, and securitization -- but not, it says, the kind that’s often blamed for causing the global financial crisis.
French healthcare group Sanofi (SASY.PA) is in exclusive talks to sell its Zentiva European generics drugs arm to private equity firm Advent International for 1.9 billion euros (£1.64 billion), the companies said on Tuesday. Sanofi said the sale was expected to be completed before the end of the year, and Advent's offer was binding and fully financed. The 1.9 billion euros price is an enterprise value, including equity and debt.
Metropolis Healthcare Ltd., an operator of medical diagnostic centers backed by Carlyle Group LP, is considering an initial public offering to raise about 15 billion rupees ($230 million) as it seeks acquisitions....
No. 2 U.S. nursing home chain HCR ManorCare Inc won court approval on Friday for a plan to exit a $7.1 billion Chapter 11 bankruptcy by transferring ownership to its landlord, Quality Care Properties Inc. U.S. Bankruptcy Judge Kevin Gross in Delaware approved the prepackaged reorganization that will give Quality Care, with 10 employees and $318 million in annual revenue, control over ManorCare. Toledo, Ohio-based ManorCare has more than 50,000 employees in more than 450 senior living facilities and clinics across the country, with annual revenue of $3.7 billion.
Moody's Investors Service, ("Moody's") downgraded Acosta, Inc.'s ("Acosta") Corporate Family Rating ("CFR") to Caa2 from Caa1 and its Probability of Default Rating to Caa2-PD ...
Berkshire Hathaway (BRK.B) operates in the energy sector through Berkshire Hathaway Energy (or BHE). Natural gas utilities have seen some pressure on the demand front mainly due to higher input costs driven by higher oil prices (USO). MidAmerican and Northern Powergrid witnessed higher sales costs resulting in lower profitability in 4Q17.
Hong Kong-based private equity firm PAG is planning a new Asia fund that aims to raise as much as $6 billion, two people with knowledge of the plan said, potentially adding to a massive pool of buyout money for acquisitions in the region. PAG has started sounding out investors about the fund in recent weeks, the two people and others told Reuters. The people declined to be identified as the fundraising plan was confidential.
Varo Energy cancelled its Amsterdam flotation after seeing how the U.S.-China trade dispute had roiled global markets and negatively affected other European initial public offerings, the company's chief executive told Reuters on Wednesday. Varo announced the cancellation on Tuesday afternoon. "After all the optimism earlier in the year, the volatility is being driven by recent discussion around the trade war between the world's two biggest economies – the U.S. and China – leading to turbulences in the market, which have had an impact on Varo's planned IPO," CEO Roger Brown said in an interview.
Of the 12 analysts covering The Carlyle Group (CG) in April 2018, four have recommended “strong buy,” five have recommended “buy,” and three have recommended “hold.” In March 2018, four recommended “strong buy,” four recommended “buy,” and four recommended “hold.” In February 2018, four recommended “strong buy,” three recommended “buy,” and five recommended “hold.”
The Carlyle Group’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio is 7.7x, lower than competitors’ average of 9.6x. Peers Ameriprise Financial (AMP), Ares Management (ARES), and KKR (KKR) have NTM PE ratios of 9.5x, 11.4x, and 7.9x, respectively.
Carlyle Group LP Managing Director Wayne Tsou is retiring from the firm, according to people familiar with the matter.
AMSTERDAM (Reuters) - Varo Energy BV said on Tuesday it had decided not to proceed with plans for a flotation on the Euronext stock exchange in Amsterdam, citing poor market conditions. In a statement, ...
The Carlyle Group (CG) generates fee revenue from net portfolio advisory, fund management, and net transaction fees. In 4Q17, the company generated total fee revenue of $305.4 million, of which fund management fees contributed $289.8 million (94.8%). During the same period, the company generated total segment revenue of $0.97 billion. In comparison, competitors (XLF) The Blackstone Group (BX), KKR (KKR), and Apollo Global Management (APO) generated revenue of $1.9 billion, $0.40 billion, and $0.86 billion, respectively, in 4Q17.
On March 27, 2018, AkzoNobel announced it would be selling its specialty chemicals business to GIC and The Carlyle Group (CG) for $12.5 billion. The private equity companies are sitting on a substantial amount of cash, raising concerns among market participants and fund investors. From the past few years, these companies have seen substantial fundraising, creating a need for such huge investments. Carlyle raised $43.3 billion in 2017, while Apollo Global Management (APO) saw total inflows of $56.5 billion.
The Carlyle Group (CG) has acquired four French logistics assets from CBRE Global Investors. Industrial assets have seen strong demand due to economic recovery and upward momentum in the e-commerce sector. Carlyle plans to make further deployments in Western European markets and France, which could expand the company’s reach.
The Carlyle Group’s (CG) Corporate Private Equity segment’s carry funds rose 8% in 4Q17 and 32% in 2017. However, this strong momentum is not expected to continue in 1Q18, mainly due to equity markets’ performance. In 1Q18, private equity players’ (XLF) fundraising activities are expected to be impacted by trade war tensions resulting in equity market fluctuation. However, lower fundraising could also lead to lower fundraising expenses.
The Carlyle Group’s (CG) global credit segment generated fund-level fee revenue of $192.2 million in 2017, representing a YoY (year-over-year) decline. Between 2016 and 2017, the segment’s fund management fees fell to $191.5 million from $195.5 million, and its total performance fees rose to $59.1 million to $37.8 million. However, the segment’s total revenue rose to $282.5 million from $264.2 million.
Wall Street analysts expect The Carlyle Group (CG) to see EPS (earnings per share) of $0.54 in 1Q18, reflecting a substantial decline YoY (year-over-year). They gave a high estimate of $0.71 and a low estimate of $0.22. EPS are expected to fall mainly due to outflow from debt markets impacting its global credit segment.
The Trump administration has initiated what may become a trade war with China and its allies in order to push for domestic manufacturing, reduce its deficit, and bring duties on par with those of other countries. This has led to a further weakening of the US dollar, which began in 2H17 on expectations of a higher trade deficit due to lower tax rates. China is responding to the threat of a trade war with duties of up to 25% on American imports across various categories.
Private-equity firm The Carlyle Group agreed to buy Australian vintner Accolade Wines Ltd., gaining a portfolio of popular mass-market brands.
NEW YORK, April 05, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...