Welcome to our dedicated page for The Carlyle Group news (Ticker: CG), a resource for investors and traders seeking the latest updates and insights on The Carlyle Group stock.
The Carlyle Group Inc. (NASDAQ: CG) is a global investment firm in the portfolio management industry, active across Global Private Equity, Global Credit, and Carlyle AlpInvest. News related to Carlyle often reflects its role as a sponsor, backer, or majority owner of companies in sectors such as media services, energy infrastructure, maritime and defense services, specialty insurance, and medical technology.
On this page, readers can follow CG news that includes announcements from Carlyle itself and from businesses in which it holds significant stakes. Recent examples include NEP Group highlighting Carlyle as its largest shareholder in connection with a major equity investment and refinancing, ARMADA Parent Inc. describing itself as majority owned by Carlyle and another private equity firm in an acquisition of Poseidon Industrial, and NineDot Energy noting that it is backed by Carlyle and Manulife in a corporate debt facility to support battery energy storage projects.
Other news items show Carlyle’s presence in specialty insurance and medical device manufacturing through its backing of Vantage Group Holdings and Resonetics. These stories illustrate how Carlyle’s capital supports acquisitions, growth initiatives, and financing transactions across its portfolio.
Investors and observers using this news feed can monitor developments tied to Carlyle’s investment activities, including portfolio company acquisitions, new funding arrangements, and changes in ownership structures where Carlyle is a sponsor or co-sponsor. By reviewing these updates over time, users can gain insight into how Carlyle deploys private capital across its Global Private Equity and Global Credit segments and how those decisions influence companies in multiple industries.
Jagex, the publisher of RuneScape, has acquired Gamepires, an independent game studio known for the survival game SCUM, which has sold over 3 million copies since its 2018 launch. This acquisition aims to leverage Jagex's expertise and community-driven approach to enhance SCUM's future multi-platform release. With the backing of Jagex, Gamepires seeks to elevate SCUM to a leading open world title. The financial terms of the acquisition remain undisclosed.
Veritas Capital has successfully acquired Sequa Corporation, the parent company of Chromalloy, from Carlyle, marking a strategic move in the aerospace sector. Chromalloy is renowned for its aftermarket services for aircraft engines and gas turbines, boasting over 70 years of expertise. This partnership aims to leverage Veritas's experience in both commercial and military aerospace markets to enhance Chromalloy's growth and expand its proprietary LifeX® solutions. The deal reflects a commitment to continued investment in critical engine technology globally.
NineDot Energy has secured an $85 million construction-to-term debt facility funded by CIT and SMBC to enhance eleven battery storage sites in the New York City metro area. This financing bolsters NineDot's position as a community energy developer, aiding the local grid and supporting New York's decarbonization efforts. The funding will accelerate the development of local battery storage solutions, improving energy reliability and transitioning away from outdated peaker plants. This milestone is noted as a significant achievement for the company.
CIT, a division of First Citizens Bank, has announced its role as co-coordinating lead arranger for an $85 million construction-to-term debt financing for NineDot Energy. The funds will support the development of 11 battery storage projects in the NYC metro area, aimed at enhancing grid resiliency and supporting renewable energy. NineDot Energy is backed by Carlyle Group (NASDAQ: CG) and will implement projects across the Bronx, Staten Island, Queens, and Long Island, totaling 43 MW in capacity.
Clayton, Dubilier & Rice (CD&R) and Greenbriar Equity Group announced agreements to combine Paradigm Precision, a provider of machining and fabrications for engine manufacturers, with Whitcraft Group, a manufacturer of aerospace components. This merger aims to create a diversified supplier in the aerospace industry. Both companies will enhance capabilities to better serve OEM customers globally. The transactions are expected to close in early 2023, pending customary conditions. Financial terms of the deal were not disclosed.
CNSI and Kepro have announced a merger to create a leading healthcare solutions company, aimed at enhancing health outcomes through technology and clinical expertise. The combined entity will focus on improving healthcare access, quality, and efficiency for government-sponsored healthcare agencies. Todd Stottlemyer of CNSI will lead the new organization, while Susan Weaver of Kepro will serve as President. The merger, expected to close in December 2022, is backed by Carlyle (NASDAQ: CG), with both companies maintaining their operational headquarters.
Aspen Power Partners has acquired Safari Energy from PPL Corporation for $350 million, significantly strengthening its position in the distributed solar market. This acquisition is among the largest in the commercial and industrial (C&I) solar sector, adding over 600 projects and a total of 220 MW of operating and under-construction assets. With Carlyle's support, Aspen aims to achieve gigawatt scale by mid-decade, enhancing its capabilities to meet the growing demand for solar and storage solutions.
Mensura Capital announced it advised Advanced Marine Preservation (AMP) in its sale to Armada Parent, a portfolio company of Carlyle (NASDAQ: CG). The transaction details remain undisclosed. AMP specializes in preservation services for the U.S. Navy, ensuring defense readiness amidst increasing global challenges. Armada operates various subsidiaries within maritime and industrial services. Mensura, founded in 2007, focuses on M&A services for middle-market companies in the maritime sector, emphasizing a 'measured risk' approach to optimize client transactions.
Veritas Capital has entered into a definitive agreement to acquire Sequa Corporation, the parent company of Chromalloy, from Carlyle. Financial terms were not disclosed. Sequa, based in Palm Beach Gardens, FL, specializes in solutions for aircraft engines and gas turbines through Chromalloy, a leader in aftermarket services. The acquisition is expected to close in Q4 2022. The partnership aims to leverage technology and innovation to enhance Chromalloy's offerings and expand its customer relationships, following the earlier sale of Precoat Metals to AZZ Inc.
Involta announced the appointment of Gary Wojtaszek to its Board of Directors following the company's acquisition by Carlyle (NASDAQ: CG). Wojtaszek brings extensive experience in the data center and technology sector, previously leading CyrusOne during significant growth. Involta plans to leverage his expertise to expand its data center services and enhance its operational capabilities. Under the board's guidance, Involta aims to address the increasing digital infrastructure demands of enterprise clients across the nation.