The Carlyle Group L.P. - Common Units (CG) News
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CG News Highlights
- CG's 30 day story count now stands at 54.
- Over the past 23 days, CG's stories per day has been in a clear downtrend, falling by about 0.49 per day.
- LOAN, AG and APO are the most mentioned tickers in articles about CG.
Latest CG News From Around the Web
Below are the latest news stories about Carlyle Group Inc that investors may wish to consider to help them evaluate CG as an investment opportunity.
Carlyle Group (CG) is, as I wrote about in my previous article, an international firm active in private equity. I like these businesses because I've done some studying not only of investment managers, asset managers, and others - but also done some things on the PE side. As I mentioned...
Rating Action: Moody's upgrades Mackinaw Power to Baa2 from Baa3; outlook is stableGlobal Credit Research - 23 Feb 2022Approximately $25 million (originally $53 million) of debt securities affectedNew York, February 23, 2022 -- Moody's Investors Service upgraded the rating assigned to Mackinaw Power, LLC's (Power) senior secured notes due October 31, 2023 to Baa2 from Baa3. The rating outlook is stable.RATINGS RATIONALEToday's rating action considers Power's strong operating and financial performance that is expected to continue and factors in the deleveraging that occurred at its parent Southeast PowerGen, LLC (SEPG) during the second half of 2021. Specifically, SEPG closed on an asset sale during the second half of 2021 and used the sale proceeds to repay in full the SEPG term loan,...
Rating Action: Moody's reviews WellDyneRX's ratings for downgrade on growing refinancing riskGlobal Credit Research - 18 Feb 2022New York, February 18, 2022 -- Moody's Investors Service, ("Moody's") placed the ratings of WellDyneRx, LLC ("WellDyne") under review for downgrade, including the B3 Corporate Family Rating, the B3-PD Probability of Default Rating, and the B2 senior secured rating. The co-borrowers under the credit facility are U.S. Specialty Care, LLC, Clearview Procurement, LLC and WellCard, LLC.The review reflects Moody's view that refinancing risk has increased following a 30-day extension of the revolving credit facility which was due February 16, 2022 and based on the August 2022 maturity of WellDyne's term loan.
(Bloomberg) -- The biggest private equity firms generated record profits from selling investments as markets charged ahead in 2021. It’s going to be a tough act to follow.Most Read from BloombergMorgan Stanley Relationships on Wall Street Snared in ProbeLavrov Agrees to Meet Blinken, U.S. Says: Ukraine UpdateIndia Protests Against Singapore PM’s Comments on LawmakersThousands of Cars Including Audis, Porsches Adrift on Burning Cargo ShipThe Housing Boom’s Mortgage Rate Threat Is Worse Than It Se
(Bloomberg) -- Ferrovial SA, operator of London’s Heathrow airport, has agreed to invest more than $1 billion into the Carlyle Group Inc. entity providing equity funding for the redevelopment of John F. Kennedy International Airport’s Terminal 1, according to people with knowledge of the matter.Most Read from BloombergLavrov Agrees to Meet Blinken, U.S. Says: Ukraine UpdateIndia Protests Against Singapore PM’s Comments on LawmakersMorgan Stanley Relationships Across Wall Street Snared in ProbeEl
The Carlyle Group (NASDAQ: CG) is bringing on two new independent board members while a longtime director retires — moves that will expand the company's board size and tip the scales so that a majority of members will be independent. Linda Hefner Filler and Mark Ordan will join the board of the D.C. private equity giant, effective April 1. Filler is the former president of retail products, chief marketing officer and chief merchandising officer at Walgreen Co. She retired from that position in 2017 and now serves on the boards for D.C.’s Danaher Corp. and Palo Alto, California’s Eversight Inc. Ordan is currently CEO at Mednax Inc. (NYSE: MD), a national medical group based in Sunrise, Florida.
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(Bloomberg) -- A boom in technology initial public offerings in India risks grinding to a halt after several of the country’s highest-profile startups tanked soon after listing.Most Read from BloombergU.S. Condemns Russian Move at UN, Reassures Kyiv: Ukraine UpdatePorsches, Lamborghinis Lost at Sea May Cost VW $155 MillionStocks Retreat, Ruble Weakens on Ukraine Tension: Markets WrapStocks, Futures Drop on Ukraine Shock; Oil Rallies: Markets WrapKremlin Cautious on Prospect of Biden-Putin Summit
Apollo Agrees to Buy Novolex From Carlyle for $6 Billion
A Leading Sustainable Packaging Provider Poised for Continued GrowthNEW YORK and HARTSVILLE, S.C., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Novolex Holdings LLC ("Novolex" or the "Company"), a leading global manufacturer of diverse packaging products for the foodservice, delivery and carryout, food processor and industrial markets, today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have entered into a definitive agreement to acquire the majority of the C