Buyout Firms Work on Life Technologies Bid
Blackstone and Carlyle are a part of a buyout group in talks to make an offer of about $11 billion for Life Technologies.
Week commencing 11/03/13
The recent case, much publicised in Chinese media, of the public dispute between Chinese investment company Shenzhen Kailei (Carlyle’s Chinese name) and Tianjin Trust’s Buffett No. 1 Plan, sheds light on a uniquely Chinese development that poses a competitive challenge to private equity firms in the PRC – at least for now. So-called trust products offer an alternative grey-market channel of non-bank financing for PRC companies, projects and local government entities that could crimp general partner (GP) prospects in China – until a likely regulator intervention, or blow up, or both, ends the game.
Week commencing 18/02/13
Reported talks between NASDAQ and Carlyle over a proposed privatization for the iconic US growth board briefly raised the possibility of a more-than-incestuous coupling.
Week commencing 04/02/13
I was not lucky enough to get to Davos this year, but I can bring back some gems from it in the form of a World Economic Forum Report: ‘The Future of the Global Financial System’, produced with Oliver Wyman and introduced by Carlyle’s David Rubenstein, co-chair of the report’s steering committee.
Carlyle Swings to Profit
Carlyle reported a third-quarter profit as the private-equity firm's total assets under management rose along with revenue.