|Bid||20.30 x 2200|
|Ask||20.32 x 1200|
|Day's Range||20.28 - 20.71|
|52 Week Range||15.09 - 25.20|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||24.82|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||1.72 (9.41%)|
|1y Target Est||24.36|
The Carlyle Group is partnering with Schneider Electric on a new joint venture called AlphaStruxure. Yahoo Finance’s Alexis Christofroius speaks to The Caryle Group Head of Infrastructure investing, Andrew Marino.
Weary shareholders of Osram will know that fear. Interest from US private equity firms Bain and Carlyle in taking over the German lighting maker is flickering, according to local media. Osram countered that discussions are still on.
The pan-European STOXX 600 index rose for a seventh straight session, its best winning streak since early February with Germany's DAX closing at six-month highs, while London's FTSE 100 fell, dragged by healthcare stocks. The data came on the heels of the German government lowering its forecast for 2019 economic growth on Wednesday, which was overshadowed by better-than-expected economic data out of China. "There is so much pessimism around Europe that the negative PMI data failed to find fresh sellers, triggering short-covering," said Giuseppe Sersale, fund manager at Anthilia Capital in Milan.
WASHINGTON and RUEIL-MALMAISON, France, April 18, 2019 /PRNewswire/ -- Global investment firm, The Carlyle Group (CG) and Schneider Electric SE (SU), the leader in the digital transformation of energy management and automation, today announced the enhancement of their partnership to develop new and innovative infrastructure projects.
German lighting group Osram said on Thursday that talks with Bain Capital and Carlyle Group were continuing, after Manager Magazin said the private equity firms could walk away from a possible takeover. The Munich-based group, which is grappling with weakness in the automotive industry and a broader economic slowdown, said in February that Bain and Carlyle were looking at whether to jointly bid for up to 100 percent of its shares.
Shares in Osram fell more than 6 percent on Thursday after a German magazine reported that private equity groups Bain Capital and Carlyle Group were losing confidence in their bid for the lighting group. Osram, which is grappling weakening demand in all of its divisions, said in February that the private equity groups were looking at whether to jointly bid for up to 100 percent of the German group's shares. Osram did not immediately respond to a request for comment.
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CROSBY, Texas/WASHINGTON, April 10 (Reuters) - President Donald Trump signed two executive orders in the heart of the Texas energy hub on Wednesday targeting the power of states to delay natural gas, coal and oil projects as he looks to build support ahead of next year's election. Trump's orders direct his Environmental Protection Agency to change a part of the U.S. clean water law that has allowed states to delay projects on environmental grounds. New York has delayed pipelines that would bring natural gas to New England, for example, and Washington state has stopped coal export terminals.
Digital wealth management platform YieldStreet announced the acquisition Wednesday of Athena Art Finance from the Carlyle Group (NASDAQ: CG ) in a $170-million deal. What Happened Athena provides art dealers, ...
President Donald Trump will issue two executive orders in the heart of the Texas energy hub on Wednesday seeking to speed gas, coal and oil projects delayed by coastal states as he looks to build support ahead of next year's election. Trump's orders will direct his Environmental Protection Agency to change a part of the U.S. clean water law that has allowed states, on the basis of environmental reasons, to delay projects such as pipelines to carry natural gas to New England and coal export terminals on the West Coast. Trump will issue the orders at a training center for union members in the petroleum industry in Houston, an event sandwiched between fundraising events in Texas for the 2020 campaign.
, one of the world’s top lenders to buyers of artwork by the likes of Claude Monet, Pablo Picasso and Andy Warhol, has agreed to sell itself for about $170m to YieldStreet, a rapidly growing digital wealth management platform backed by billionaire George Soros. The sale of Athena comes four years after it was launched by a consortium of investors led by the private equity group Carlyle under the stewardship of Olivier Sarkozy, a former managing director at Carlyle and half-brother of the former French president Nicolas Sarkozy.
Moody's Investors Service ("Moody's") has assigned initial ratings to Sundyne U.S. Purchaser, Inc. ("Sundyne"), including a Corporate Family Rating ("CFR") of B2 and 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 its $100 million first lien senior secured revolving credit, $30 million letter of credit facility and $450 million first lien senior secured term loan.
"In light of the strong rally and the multi-month highs that were achieved in European indices recently, some investors are now taking a breather," David Madden, a market analyst at CMC Markets UK, wrote in a note. Bank stocks dropped 0.4 percent, with German lender Commerzbank among the top losers on the sector index with a 2.4 percent fall. Deutsche Bank, with whom Commerzbank is exploring a merger, dropped 1.9 percent.
Carlyle will acquire 30 percent to 40 percent of Cepsa, in a deal that gives the company an enterprise value of $12 billion, according to a statement. Mubadala will remain the majority shareholder and the transaction is expected to be completed by the end of 2019. Mubadala last year shelved plans for an initial public offering of a 25 percent stake in the Spanish refiner as investors balked at the valuation amid a stock market rout.
Carlyle Group’s purchase of a minority stake in Spanish oil refiner Cepsa from Mubadala Investment Co. appears to exploit the Abu Dhabi investment fund’s desire to sell and the IPO market’s hesitation to buy. To recap, Mubadala had been looking to cash in some or all of its holding in the business. It set about preparing an initial public offering while also seeking a full sale.
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Pinterest sets a price range of $15 to $17 per share for its initial public offering of 75 million shares. The top-end valuation is something of a discount from the company's most recent valuation on the private markets. CNBC reported last year the company was nearing $1 billion in ad revenue, though the company reported $756 million in 2018 revenue in its initial IPO prospectus.
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion. The transaction marks the successful end of a quest by Mubadala for a new partner in Cepsa after it pulled the Spanish group's stock market flotation last year, citing uncertainty in international capital markets. Mubadala said on Monday the deal gave Cepsa a total enterprise value of $12 billion.