The Carlyle Group

Carlyle group exits Indegene; sells 10.2% stake for Rs 1,447 crore

Global investment firm Carlyle group on Wednesday exited Indegene by divesting its entire 10.2 per cent stake in digital healthcare services for Rs 1,447 crore through open market transactions. According to the bulk deal data available on the NSE, US-based Carlyle group, through its arm CA Dawn Investments, sold more than 2.44 crore shares, amounting to a 10.20 per cent stake in Indegene. The shares were offloaded in the price range of Rs 591.02-591.84 apiece, taking the combined transaction value to Rs 1,447.17 crore. Meanwhile, Premji Invest's affiliate PI Opportunities AIF V, Capital group, Societe Generale, Luxembourg-based Eastbridge Group and Abakkus Asset Manager cumulatively bought 1.06 crore shares or 4.42 per cent stake in Indegene for Rs 627 crore. The shares were picked up in the price range of Rs 591-591.48 apiece, taking the aggregate deal value to Rs 626.85 crore. Details of the other buyers of Indegene's shares could not be ascertained on the National Stock Exchang

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 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 divests 2% stake in YES Bank for Rs 1,441 cr via open market

Carlyle Group on Friday divested nearly a 2 per cent stake in private sector lender Yes Bank for Rs 1,441 crore through an open market transaction. US-based Carlyle Group, through its affiliate CA Basque Investments, offloaded shares in Yes Bank through a bulk deal on the National Stock Exchange (NSE). As per the data, CA Basque Investments sold 59.40 crore shares, amounting to a 1.98 per cent stake in Yes Bank. The shares were disposed of at an average price of Rs 24.27 apiece, taking the transaction value to Rs 1,441.64 crore. After the stake sale, the Carlyle Group's shareholding in Yes Bank has declined to 7.13 per cent from 9.11 per cent. In February this year, global investment firm Carlyle Group pared a 1.3 per cent stake in private sector lender Yes Bank for Rs 1,057 crore. Meanwhile, Goldman Sachs (Singapore) Pte - ODI bought more than 36.92 crore shares, representing a 1.23 per cent stake in the Mumbai-based lender. The shares were acquired at an average price of Rs 24

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

Carlyle Group acquires majority stake in beauty brand VLCC for $300 million

Founded in 1989, VLCC has a network of 210 retail "clinics" in 118 cities across 11 countries in South Asia, the Middle East and Africa

Carlyle Group sells Rs 607 crore shares in logistics firm Delhivery

The six-month post-initial public offering (IPO) lock in on shares of Delhivery ended on November 20

YES Bank's deal with Carlyle, Advent on $1 bn stake investment gathers pace

Carlyle's top executives and Advent's leaders in a series of meetings with Yes Bank and SBI's senior management, and RBI officials this week decided the contours of the investment plan

Carlyle to acquire minority stake in Gujarat tile firm Varmora Granito

Indian company says it will use partnership for investments in brand building and, expanding distribution

As Carlyle deal hits legal hurdle, PNB Housing plans Rs 35k-cr debt capital

Preferential allotment will be made post receipt of regulatory, shareholders and legal approval, says mortgage lender

Explained: Why red flags have gone up on PNB Housing-Carlyle deal

What are the contours of the deal? Why is the market regulator hesitant about giving the deal a go-ahead? In today's podcast we decode them and more

Carlyle Group to buy airfield lighting group ADB Safegate

Credit Suisse and Rothschild advised PAI on the deal while Citi and Lazard advised Carlyle

Carlyle sells entire 8.2% stake in Edelweiss

Carlyle Group, the US-headquartered investment entity, announced on Friday it had sold its entire 8.2 per cent stake in Edelweiss Financial Services, in the secondary market. The exit has been well-timed. Shares of Edelweiss have risen 2.5 times in the past year, and gained nearly 40 per cent on a year-to-date basis.Edelweiss' shares closed on Friday at Rs 134.2, after touching a high of Rs 140 and a low of Rs 127.By a rough calculation, Carlyle would have made a gain of at least three-fold on its investment in the domestic financial services major. It first took a four per cent stake in the domestic brokerage in October 2011, for Rs 86 crore. It raised this by another 187 basis points to 7.48 per cent by September 2012, and by another 127 bps to 8.75 per cent by September 2014. At the end of the December 2016 quarter, Carlyle's stake in Edelweiss was 8.2 per cent.The share stayed between Rs 25 and Rs 35 between 2011 and 2012. It has seen huge buying interest in the past one year, ...

Carlyle to launch new fund backed by IFC, targeting $1 bn commitment

The Carlyle Group, a US-based investment entity, is planning to launch a new fund, to invest in small buyout and late-stage growth capital investments in some countries, including India. Targeting $1 billion in commitments, will be backed by International Finance Corporation (IFC). It will be a 10-year closed-end generalist private equity fund, domiciled in the Cayman Islands.Carlyle Asia Growth Partners Fund-V, as it is called, is apparently to look primarily at China and India, and to an extent, South Korea. It is expected to make 15 to 20 investments of a size of $30-75 million each, in high-growth companies that are expected to create new employment opportunities by focusing on middle market growth equity investments. It will focus on small-cap and mid-cap companies that need growth capital.The proposal is for IFC to make an equity investment of up to $25 million in the fund, not to exceed 20 per cent of total fund commitments. Their participation, said IFC, would encourage other .