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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.
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The Carlyle Group (NASDAQ:CG) has acquired a majority stake in 1E, a leader in Unified eXperience Management (UXM), enhancing its portfolio in digital experience technology. Founder and CEO, Sumir Karayi, retains a minority stake and will continue as CEO. The financial details of the acquisition remain undisclosed. Carlyle aims to support 1E’s growth, particularly in the US and UK, leveraging its Tachyon platform which manages over 11 million endpoints and drives $3 billion in productivity savings across 500 global customers, marking a significant development in infrastructure software.
Medline Industries has entered a definitive agreement for a majority investment from a partnership of Blackstone, Carlyle, and Hellman & Friedman. The transaction, subject to regulatory approvals, expects to close in late 2021. With 2020 revenue of $17.5 billion, Medline will remain privately held and family-led. The investment aims to accelerate product expansion, boost international growth, and enhance infrastructure. The Mills family will retain significant ownership, and the management team will continue in their roles, focusing on improving healthcare operations.
NEOGOV, a leader in public sector human capital management software, announced an investment from The Carlyle Group (NASDAQ: CG) and Warburg Pincus. The investment will fuel NEOGOV's growth by enhancing its operations and product suite while exploring acquisition opportunities. With over 6,500 clients, NEOGOV aims to leverage this new capital to expand and improve its services in the public sector. The Carlyle Group, managing $260 billion in assets, and Warburg Pincus, with over $60 billion in private equity assets, bring extensive industry expertise to support NEOGOV's strategic goals.
The Carlyle Group (NASDAQ: CG) has priced a $400 million offering of 4.625% subordinated notes due 2061 through its subsidiary, Carlyle Finance L.L.C. An additional $60 million of notes may be purchased by underwriters within 30 days. The offering is guaranteed by Carlyle and its subsidiaries and is expected to close on May 11, 2021. Proceeds will be used for general corporate purposes. The offering is made under an effective shelf registration with the SEC. Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan are joint book-running managers.
The Carlyle Group (NASDAQ:CG) has announced its agreement to acquire Unchained Labs for $435 million. The acquisition, expected to close in Q2 2021, is aimed at enhancing Carlyle's position in the life sciences tools sector, particularly within the biopharma market. Unchained, founded in 2015, anticipates generating over $75 million in revenue this year and employs 170 people. Carlyle plans to support Unchained's growth through investments in research, development, and geographic expansion.
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.