Carlyle Group

Carlyle launching $300 mn India side fund, eyes growth in key sectors

Carlyle's India fund will invest in financial services, advanced manufacturing, consumer, media and retail, technology and business services, and health care

CCI imposes ₹4 lakh fine on Carlyle, Bequest for flouting competition norms

The Competition Commission of India (CCI) has imposed a total fine of Rs 4 lakh on Carlyle and Bequest for erroneously using the green channel route to acquire stakes in engineering services firm Quest Global Services. The competition watchdog found that Carlyle and Bequest's "combination did not meet the criteria of Green Channel prescribed under schedule III of the combination regulations," the CCI said in an order passed on June 26. In October 2023, the CCI said it received a notice jointly submitted by Carlyle's affiliate CA Plume Investments and Bequest Inc under the green channel route for the acquisition of up to 23.6 per cent equity stake in Quest Global Services and 9.17 per cent holding by Bequest with share buyback component. Bequest is a holding entity of Quest Global Services' co-founder and CEO, Ajit Aravind Prabhu. The green channel criteria are a fast-track approval route intended for combinations with no horizontal, vertical or complementary overlaps. In the notic

Carlyle Group may sell 10% stake in Piramal Pharma via block deals: Report

Piramal Pharma sold 20 per cent of its stake to Carlyle Group in June 2020, in a deal worth ₹3,523 crore

E-commerce giant Flipkart offloads 6% stake in ABFRL; sells 73 mn shares

Carlyle Group affiliate firm, C A Dawn Investments, on Wednesday sold its entire 10.20 per cent in Indegene for ₹1,447 crore

PNB Housing surges 8% after block deal; this shareholder exits company

Till 09:32 AM, as many as 12.27 million equity shares, representing 4.72 per cent of the total equity of PNB Housing Finance, had changed hands on the BSE and NSE

Carlyle Group hunts for wealth assets in India amid rising competition

The New-York based firm that counts PNB Housing Finance Ltd. and Yes Bank Ltd. in its India portfolio, is keen to acquire wealth and asset management companies

Carlyle-backed IT exporter Hexaware valued at $5 bn on market debut day

Institutional investors bid for nine times the shares on offer, while retail investors bid for only a tenth of the portion reserved for them amid market volatility and investor caution over IT sector

Carlyle combines India's Highway, Roop to build global auto parts platform

New entity will have a portfolio of more than 1,500 products, clients in 17 countries

Carlyle gets CCI nod to acquire 68.9% stake in Roop Automotives Ltd

Fair trade regulator CCI on Tuesday approved US-based global investment firm Carlyle's proposal to acquire a 68.9 per cent stake in Roop Automotives Ltd. "The proposed combination involves certain inter-connected steps resulting in inter alia securities swap between HIL Shareholder and RAL, and the acquisition of up to 68.9 per cent shareholding in RAL by Investor," the regulator said in a release. CA Carob Investments (investor) is a Mauritius-based special-purpose vehicle owned and controlled by affiliates of the Carlyle Group Inc (Carlyle). As of September 30, 2024, Carlyle has USD 447 billion of assets under management. Roop Automotives Ltd (RAL) and Highway Industries Ltd (HIL) are engaged in the manufacturing and selling of auto components. "Commission approves the proposed combination involving inter-connected steps resulting in inter alia the acquisition of up to 68.9 per cent shareholding in Roop Automotives Ltd by CA Carob Investments (Investor)," CCI said. In another ..

Carlyle group sells 4.3% stake in Indegene for Rs 636 crore via bulk deal

Global investment firm Carlyle Group through its arm divested a 4.3 per cent stake in healthcare tech firm Indegene for Rs 636 crore through an open market transaction. According to the bulk deal data available on the National Stock Exchange (NSE), CA Dawn Investments, an affiliate of US-based Carlyle, sold 1,02,63,785 shares amounting to a 4.3 per cent stake in Indegene. The shares were offloaded at an average price of Rs 619.82 apiece, taking the transaction value to Rs 636.17 crore. After the latest transaction, Carlyle's holding in Indegene has come down to 10.22 per cent from 14.52 per cent. Details of the buyers of Indegene's shares could not be ascertained on the NSE. Shares of Indegene plunged 6.06 per cent to close at Rs 627 apiece on the NSE. In two separate deals on the NSE and BSE, financial services company Capital Group on Tuesday trimmed its holding by selling a 2.24 per cent stake in Medi Assist Healthcare Services for nearly Rs 93 crore through open market ...

Carlyle, CVC, KKR show interest in potential takeover of Samsonite

The investment funds may consider teaming up and forming a consortium if Samsonite decides to move forward with a plan to go private, in that case, more bidders could emerge

Blackstone likely to acquire Carlyle stake in Bharti data centre arm

Bharti data centre valued at Rs 10,000 cr

Carlyle Group sells 1.3% stake in Yes Bank for Rs 1,057 cr via open market

Global investment firm The Carlyle Group on Thursday pared a 1.3 per cent stake in private sector lender Yes Bank for Rs 1,057 crore through an open market transaction. The US-based Group through its affiliate CA Basque Investments offloaded 39 crore shares of private sector lender Yes Bank on BSE. According to the bulk deal data available with BSE, CA Basque Investments sold 39 crore shares amounting to a 1.35 per cent stake in Yes Bank. The shares were disposed of at an average price of Rs 27.10 apiece, taking the deal value to Rs 1,056.90 crore. After the latest transaction, Carlyle Group's shareholding has declined to 5.08 per cent from a 6.43 per cent stake in Yes Bank (as of December 2023). Meanwhile, Morgan Stanley Asia Singapore Pte acquired more than 30.63 crore equity shares, representing a 1.06 per cent stake in Yes Bank. The shares were purchased at the same price, taking the deal size to Rs 830.08 crore. On Thursday, shares of Yes Bank rose 1.08 per cent to close at

Carlyle shares jump 10% after drop in Q4 earnings exceeds estimates

Carlyle said its net profit from asset sales fell nearly 44% to $257.7 million, as market volatility, high interest rates and geopolitical tensions weighed on its ability to cash out investments

McDonald's to acquire investment firm Carlyle's 28% stake in China unit

The deal will help McDonald's raise its holdings to 48%, while a consortium led by state-backed conglomerate CITIC Ltd will maintain its controlling ownership with a 52% stake in the business

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

Carlyle to acquire minority stake in Quest Global; Bain, Advent to exit

Ajit Prabhu, chairman and chief executive officer of Quest Global, will acquire an additional stake in the company

SpiceJet seeks shareholder approval for 5.91% stake transfer to Carlyle

Airline seeks shareholder approval for change in shareholding structure

Carlyle Group sells 18.4 million shares of Delhivery for Rs 710 crore

Shares of Delhivery closed at Rs 386.65, down 0.5 per cent.

PE firm Carlyle offloads its entire stake in Delhivery for Rs 709 cr

US-based private equity firm Carlyle on Thursday offloaded its entire 2.53 per cent stake in supply chain company Delhivery for Rs 709 crore through open market transactions. BNP Paribas Arbitrage, Norges Bank, Societe Generale, Saudi Central Bank, Washington State Investment Board, Lockheed Martin Corporation Master Retirement Trust, Morgan Stanley Mauritius Company, Goldman Sachs (Singapore) Pte, Tokio Marine Life Insurance Singapore and AIA Singapore, among others, were the buyers of shares. Carlyle through its special-purpose vehicle CA Swift Investments sold the shares of Delhivery in 11 tranches. CA Swift Investments offloaded a total of 1,84,04,607 shares, amounting to 2.53 per cent stake in Delhivery, as per the block deal data available with the BSE. The shares were sold at an average price of Rs 385.5 apiece, taking the transaction value to Rs 709.50 crore. The US-based investment firm was holding a 2.53 per cent stake in the supply chain company, shareholding data for t