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?Enormous Losses? At U.S. And European Banks Still Not Recognized
2008-05-14 02:59:00 $329.2 billion. That?s what financial institutions worldwide have recorded in credit losses and write-downs since the beginning of 2007. And Carlyle Group Chairman David Rubenstein is saying that banks and financial institutions in the United States and Europe still have ?enormous losses? from bad loans they haven?t yet recognized, according to Bloomberg?s Alison ...
By: Boom2Bust.com
The Iron Triangle: Inside the Secret World of the Carlyle Group
2008-05-12 06:14:00 The Iron Triangle: Inside the Secret World of the Carlyle Group # Author: Dan Briody# Format:PDF 1.3MB# Page Count: 210 pages# Publisher: Wiley (August 10, 2004)# Language: English# ISBN-10: 0471660620# ISBN-13: 978-0471660620A penetrating look at the company at the nexus of big business, government, and defenseThe Carlyle Group is one of the largest private equity firms in the world with over $13 billion in funds. Carlyle's investments include everything from defense contractors to telecommunications and aerospace companies. But there is more to this company than meets the eye. Carlyle's executives include heavyweights from the worlds of business and politics, such as former secretary of defense and CIA deputy director Frank Carlucci, former secretary of state James Baker III, former President George Bush, former UK Prime Minister John Major, and former chairman of the SEC Arthur Levitt. Osama Bin Laden's estranged family was personally invested in the group until recently. In T...
Carlyle Group?s Plan to Takeover the Banking System
2008-04-06 12:27:00 Source: Robert Wegner’s Blog at Economic Analytics Group So what’s Treasury Secretary Henry Paulson’s call for changes in regulation of the financial markets all about? A clue may have been revealed today by Randal Quarles, former Under Secretary of the Treasury who led the Treasury Department’s effort in the coordination of the President’s Working Group on ...
Carlyle Group May Buy Booz Allen Hamilton
2008-03-10 01:48:00 by Tim Shorrock(Special to CorpWatch), cartoon by Khalil Bendib The Carlyle Group, one of the world?s largest private equity funds, may soon acquire the $2 billion government contracting business of consulting giant Booz Allen Hamilton, one of the biggest suppliers of technology and personnel to the U.S. government?s spy agencies. Carlyle manages more than $75 ...
Carlyle Group default
2008-03-07 12:57:00 Property investment trusts shares have crashed on panic selling in New York after an affiliate of the private equity giant Carlyle Group fell into default on mortgage losses.Carlyle Capital Corp (CCC) said it had missed margin calls to seven creditors and lacked collateral to cover its trading exposure to mortgage securities.The news sent shockwaves through the financial markets. Carlyle Capital has leveraged itself to the hilt, taking out debt at a ratio of 32:1 to invest in the US mortgage assets. It held securities worth a $21.7bn (£10.8bn) last month, raising the spectre of distress sales on a scale large enough to trigger a cascade of liquidations by other funds.Fears of forced sales ravaged real estate investment trusts, which also own big holdings of Fannie Mae and Freddie Mac debt. Anworth Mortgage shares plunged 24pc and Capstead Mortgage was off 25pc.Carlyle has a debt ratio of 32:1 on their investments. Their investments of £10.8bn are based on an investment of £337.5m.
By: Secret-Teachings
Bin Laden family Purchased Bush?s Loyalty Years Ago
2007-09-22 16:17:00 I was watching Bill Maher last night and there was a bit of information that I think is extremely interesting. Did you know that the Bin Laden Family actually purchased GWB?s first failed business? read more
By: Communati.com
Carlyle Group Raising 3 Billion For A NEW Real Estate Fund
2007-09-08 15:20:00 The Carlyle Group, one of the largest private equity funds, has decided to be counter-intuitive and create a new real estate fund in the face of the credit crunch. Their rationale is that having a strong hard money fund while everyone else is unable to borrow will allow them to capitalize on a weaker market ...
Jobs at risk if Carlyle Group takeover of Virgin Media goes ahead, broadcas
2007-07-03 11:58:00 Broadcasting trade union Bectu has warned of impending job losses at Virgin Media following speculation in the press that it is the target of a private equity buyout. The BBC reports that private-equity firm Carlyle Group has made an offer to purchase cable TV, mobile phone and broadband company Virgin Media for in excess of £10bn. Carlyle Group appeared before the House of Commons Treasury Committee last month as part of its investigation into whether the private equity industry ought to be more transparent and tightly regulated. Bectu said it was concerned by the growing trend for UK employers to be bought out by private equity bids which often left companies with large debts, and subsequently major job losses. Nigel Mason, Bectu national official, said: ?Clearly our members in Virgin will be disturbed by these rumours. There has been considerable debate of late about the role of private equity buyouts in the UK economy, and recent history warns us that these immensely...
Carlyle Group to Buy Manor Care
2007-07-03 00:00:00 WASHINGTON (Reuters) - Manor Care Inc. <HCR.N>, the largest U.S. owner of nursing homes, on Monday said it agreed to be acquired by Carlyle Group for $4.9 billion, the latest health-care provider taken off the public market by a private equity buyer. Manor Care shareholders will receive $67 per share, a 20 ...
By: Investment Blog
Carlyle Group in Talks to Acquire Virgin Media
2007-07-03 00:00:00 The Carlyle Group is in discussions with Virgin Media, the British cable company whose largest investor is Richard Branson, over a potential bid worth around $20 billion, a person familiar with the negotiations said yesterday. The talks are still early and may not lead to a bid, this person noted. As the coffers of American ...
By: Investment Blog
Heads of Carlyle Group, Kohlberg Kravis Roberts and Permira defend large ta
2007-06-21 15:54:00 Four UK private equity chiefs attempted to defend their large tax breaks to MPs yesterday. The heads of the Carlyle Group, Kohlberg Kravis Roberts (KKR), 3i, and Permira, are behind some of the biggest UK takeover deals, including that of Alliance Boots, the AA and Birds Eye. They appeared before the Treasury Select Committee as part of an ongoing investigation into whether the industry needs to be more transparent and tightly regulated. Current tax breaks see private equity firms pay just 10% tax on gains made on companies they invest in. ?Private equity is a force for good,? KKR managing partner Dominic Murphy told the committee, while Robert Easton, managing director at Carlyle Group, said: ?My own experience in private equity in this country has only been positive. It?s been positive for the companies I?ve been involved with.? All four businessmen, however, welcomed a review of controversial UK tax rule, which were established a decade ago to increase investment.
Carlyle Group to invest in Pakistan
2007-01-26 05:23:01 The Carlyle Group, one of the world’s largest private equity firms, plans to set up a fund of several billion dollars for investments in Pakistan and the Middle East. "We are seriously looking at Pakistan because of its strong economic growth and investor-friendly policies," sources quoted David Rubenstein, chief executive officer of the Carlyle Group, as telling Prime Minister Shaukat Aziz in a bilateral meeting in Davos, at the sidelines of the World Economic Forum. The Carlyle Group will be the first private equity firm to come to Pakistan…Mr Aziz hailed the development as "the best news we have had in a while". He said Pakistan had been trying to bring in private equity firms for a long time.… Daily Times |
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