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.
Carlyle Group has acquired a majority stake in Beautycounter, the clean beauty leader, valuing the company at $1 billion. This partnership aims to enhance Beautycounter's strategic initiatives, focusing on brand awareness and an innovative omni-channel model. Founded in 2013, Beautycounter is dedicated to transparency in product ingredients, having introduced The Never List™ banning 1,800 harmful substances. The investment comes from Carlyle Partners VII, an $18.5 billion fund targeting consumer sectors. The deal positions Beautycounter for accelerated growth in the clean beauty market.
The Carlyle Group (NASDAQ: CG) has agreed to sell Liberty Tire Recycling to ECP, a seasoned investor in environmental solutions. This transaction, anticipated to close in Q2 2021, is supported by Liberty's significant position in the North American tire recycling market, saving over 190 million tires annually. Liberty has transformed into a national leader under Carlyle's management since 2017, enhancing its capabilities in sustainable materials production. Financial specifics of the deal remain undisclosed.
Fly Leasing Limited (NYSE: FLY) announced a definitive agreement to be acquired by Carlyle Aviation Partners for $17.05 per share, totaling about $520 million in equity valuation and $2.36 billion enterprise value. This offer represents a 29% premium over FLY's closing stock price on March 26, 2021, and a 43% premium over the average price during the last 30 days. The deal, aimed to benefit shareholders amid challenging market conditions, is expected to close in Q3 2021, pending regulatory and shareholder approvals.
The Carlyle Group's affiliate, Southeast PowerGen, has agreed to sell the Effingham County Power facility, a 511 MW combined-cycle generating asset in Georgia, to Oglethorpe Power Corporation. This acquisition aims to enhance Oglethorpe's power supply portfolio as the industry transitions towards natural gas and renewables. The deal is subject to board approvals and regulatory conditions, with an expected closure in Q2 2021. This facility, which has been operational since 2003, will be Oglethorpe's fifth gas-fired acquisition in Georgia, totaling around 3,000 MW over 12 years.
CVC Capital Partners announced a definitive agreement to acquire a majority interest in MedRisk, a leading provider of managed physical medicine services for the workers' compensation industry in the U.S. The Carlyle Group retains a significant stake and joint control. The deal aims to accelerate MedRisk's growth and enhance patient care. MedRisk manages services for over 500,000 injured workers annually across 49 states. The transaction is anticipated to close in Q2 2021, pending regulatory approvals.
The Carlyle Group (NASDAQ: CG) has acquired Jagex, a leading UK video game developer known for its MMORPG franchise, RuneScape. Although the financial terms were not disclosed, Jagex has over 450 employees and boasts a $1 billion franchise with nearly 300 million player accounts. The acquisition aims to leverage Carlyle's resources to enhance Jagex’s growth through R&D and increase content output. Jagex reported record subscriber numbers in 2020, with significant growth expected in the coming years as it plans to expand its portfolio and enhance game offerings.
Net Health announced its acquisition of PointRight, a provider of analytics tools for the post-acute market, enhancing its analytics capabilities. This strategic move follows previous acquisitions and aims to strengthen Net Health's position in the post-acute care sector, enabling hospital clients to better manage skilled nursing facility (SNF) networks. PointRight's tools will help SNFs improve reimbursement accuracy and reduce rehospitalization rates, supporting Medicare Advantage and Medicaid programs. Nearly 2,400 SNFs currently utilize PointRight's services.
ECI Software Solutions has announced the acquisition of a majority stake by Leonard Green & Partners, while Apax Partners retains a minority stake. The transaction emphasizes ECI's rapid growth in the cloud-based ERP market, with 15 acquisitions since 2017, significantly expanding its global presence. ECI serves over 22,000 customers worldwide, providing essential software solutions for small and medium-sized businesses. The partnership aims to enhance ECI's capabilities and support its future growth trajectory, benefiting both its employees and customers.
Pharmapacks, an ecommerce enablement platform, secured over $250 million from The Carlyle Group (NASDAQ: CG) to boost growth, raising its enterprise value to approximately $1.1 billion. The funds will enhance partnerships with consumer brands and expand its logistics capabilities. Pharmapacks achieved over $250 million in sales in 2019 and is on track for 60% year-over-year growth, supported by a new 230k square foot fulfillment center. Carlyle's investment underscores its commitment to fast-growing consumer brands amidst the expanding ecommerce landscape.
On September 21, 2020, The Carlyle Group (NASDAQ: CG) announced a strategic growth investment in TriNetX, acquiring a majority stake in the global health research network. While the transaction details remain undisclosed, TriNetX has established a vast network of 170 healthcare organizations across 30 countries. The investment aims to enhance TriNetX's capabilities in clinical research and accelerate its growth, leveraging AI and analytics. Carlyle's involvement aligns with its long-term healthcare commitment, having invested over $15 billion in the sector.
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