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The Carlyle Group Inc. reports developments as a global investment firm that deploys private capital through Global Private Equity, Global Credit, and Carlyle AlpInvest. Company news commonly covers financial results, fee-related earnings, fundraising, inflows, distributable earnings, shareholder updates, capital allocation, and share repurchase activity.
Carlyle updates also include partnerships that broaden private-market access for wealth and retirement channels, activity involving private equity, credit, real estate, and infrastructure strategies, and financing or transaction developments tied to its investment platform and portfolio companies.
Duravant LLC has announced a strategic partnership with Carlyle (NASDAQ: CG) and Warburg Pincus, highlighting a significant investment. The terms remain undisclosed. This partnership aims to enhance Duravant's growth through new product development and geographic expansion in the automation solutions sector, which serves food processing, packaging, and material handling markets. With this collaboration, Duravant expects to capitalize on organic and inorganic growth opportunities, further solidifying its market presence and innovation in automation solutions.
Carlyle, a global investment firm, along with co-investors including Amgen Ventures and Merck Global Health Innovation Fund, has announced a strategic growth investment to acquire a majority stake in Saama Technologies. This investment aims to enhance Saama's AI-driven data management and analytics capabilities, focusing on accelerating drug development processes. Saama’s Life Science Analytics Cloud is utilized by over 50 pharmaceutical companies for clinical trials, potentially reshaping the drug development landscape through predictive insights and advanced data management.
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CFGI, a top non-audit accounting advisory firm in the U.S., has announced a significant investment from CVC Capital Partners, valuing the company at approximately $1.85 billion. All existing shareholders, including Carlyle (NASDAQ: CG), are reinvesting alongside CVC. CFGI specializes in providing independent advisory services to CFOs, assisting with technical accounting and process improvements across various sectors. The transaction is set to close in Q4 2021, pending regulatory approvals, and CFGI will remain privately held under its current leadership while maintaining strong alignment with its workforce.
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AlphaStruxure is set to commence the construction of the Brookville Smart Energy Bus Depot in location value="LU/us.md.monery"Montgomery County, Maryland. This project aims to support 44 electric buses by 2023, enhancing the region's sustainability and electrification goals. Scheduled to be operational by mid-2022, the depot will utilize a 5.6 MW microgrid that includes energy storage and over 2 MW of charging capacity. This initiative is part of the county's climate action plan to reduce emissions and increase resilience to climate change.
Packable, previously Pharmapacks, has announced a merger with Highland Transcend Partners I Corp. The combined company will have a pro forma enterprise value of $1.550 billion and an equity value of $1.909 billion. A $180 million PIPE offering attracted significant interest from institutional investors. The merger aims to enhance growth, profitability, and market expansion. Key leadership additions are expected to drive progress, leveraging Packable's data-driven platform in e-commerce. The new ticker symbol will be "PKBL" post-merger.
Spiber, a biomanufacturing startup in Japan, has announced a capital increase of JPY 24.4 billion through an equity investment round. The funding involves global investors including Carlyle, marking its first-ever non-buyout growth investment in Japan. The total capital raise is JPY 34.4 billion, aimed at accelerating Spiber's global expansion and development of its innovative Brewed Protein™ materials. The post-money valuation stands at approximately JPY 133 billion.
Dublin and New York, Aug. 2, 2021 /PRNewswire/ -- Carlyle (NASDAQ: CG) has completed its acquisition of Fly Leasing Limited (NYSE: FLY) through Carlyle Aviation Partners, utilizing funds from its $61 billion Global Credit platform. The transaction followed all necessary regulatory approvals and shareholder consent. As part of the merger, FLY shareholders will receive $17.05 per share. Additionally, FLY has requested the suspension of trading of its ADSs on NYSE, with plans for delisting and deregistration. The Exchange Offer for FLY's senior notes, which expired on July 30, saw approximately 97% participation.
Carlyle (NASDAQ: CG) has announced its acquisition of LiveU, a leader in live video streaming and production solutions, from Francisco Partners. The transaction, pending regulatory approvals, aims to leverage Carlyle's expertise to foster LiveU's growth in the media tech sector. LiveU, founded in 2006, serves over 3,000 clients in 130+ countries, providing innovative solutions for live broadcast and remote production. Carlyle plans to boost LiveU's market position through mergers, acquisitions, and expanding its customer base, especially with the anticipated surge in demand for high-quality live content.