The Carlyle Group Inc. Stock Price, News & Analysis

Carlyle (NASDAQ: CG) has appointed Sharda Cherwoo, a former senior partner at Ernst & Young, as an independent director effective June 1, 2023. With nearly 40 years of experience, Cherwoo brings expertise in private equity, financial services, and digital transformation. She led EY's Intelligent Automation strategy and has a successful track record in building businesses. Carlyle’s board will now consist of 13 members. CEO Harvey Schwartz highlighted her contributions to the firm’s growth strategy, while co-founders expressed confidence in her innovative thinking. Cherwoo aims to strengthen Carlyle's brand and contribute to its ongoing transformation.

Net Health announced that its PointRight® solution has received two endorsements from the National Quality Forum (NQF). The endorsed measures, PointRight® Pro 30® and PointRight® Pro Long Stay™, are used by nursing facilities nationwide to enhance hospitalization outcomes. Unique in the LTPAC EHR sector, these measures are integral to various state nursing facility value-based purchasing programs. This endorsement underscores Net Health's commitment to delivering accurate analytics and facilitating improved healthcare performance, aligning payers and providers for better clinical outcomes.

ETC Group has announced the acquisition of Amadys, a provider of connectivity solutions in the Benelux, UK, and DACH regions. This strategic acquisition aims to enhance ETC's product offerings and expand its customer base, following its recent purchase of BTV Multimedia. The financial details remain undisclosed. Amadys, established in 1993, serves over 1,000 clients and has a strong commitment to sustainability. Both companies anticipate synergies that will support increased demand for high-speed connectivity. The transaction awaits customary regulatory approvals.

Accelerate Learning, a key player in K-12 STEM curriculum, has received a strategic investment from Providence Equity Partners, enhancing its growth potential in the education sector. Existing investors, including Carlyle (NASDAQ: CG), Quad Partners, Rice University, and Owl Ventures, will maintain minority stakes. The specific financial terms are undisclosed. Founded in 2013, Accelerate Learning's solutions promote problem-solving and critical thinking among students, reaching over 9 million students and 750,000 teachers nationwide. The company aims to leverage Providence's expertise to further enhance learning outcomes in STEM education.

Carlyle (NASDAQ: CG) has announced the granting of two inducement equity awards to new CEO Harvey M. Schwartz as part of his employment agreement dated February 5, 2023. The performance-based restricted stock units (PSU Award) cover 4,730,617 shares, with performance hurdles linked to stock price and total shareholder return, vesting over five years. Additionally, the restricted stock units (RSU Award) covering 2,031,602 shares vest in four installments from 2024 to 2027. Both awards include termination-related provisions for involuntary termination without cause or good reason. Carlyle manages $373 billion in assets across Global Private Equity, Global Credit, and Global Investment Solutions.