The Carlyle Group Inc. Stock Price, News & Analysis

On August 1, 2022, White Mountains Insurance Group (NYSE: WTM) announced the completion of its sale of NSM Insurance Group to investment funds affiliated with Carlyle (NASDAQ: CG). This strategic move indicates a focus on optimizing its portfolio, although the company remains in a quiet period before releasing its second-quarter earnings. The transaction's details, including financial terms, were not disclosed, but it reflects White Mountains' ongoing efforts to enhance its market position.

Unison, a prominent provider of procurement and contract management software, is set to receive a majority investment from Madison Dearborn Partners (MDP). This investment will facilitate Unison's growth and software innovation in the government contracting sector. Existing investor Carlyle will sell its majority stake but will maintain a minority position. With over 200,000 end users, Unison serves all 15 U.S. cabinet-level agencies. The transaction is expected to close in Q3 2022, positioning Unison for accelerated development in federal government software solutions.

Abrigo has appointed Ravi Nemalikanti as its new Chief Technology Officer, effective immediately. He will guide the company's technology strategy and product development priorities. Nemalikanti's prior experience includes leading digital banking at NCR Corporation and a 14-year tenure at Thomson Reuters, where he held leadership roles across various sectors. His appointment aims to enhance Abrigo's innovative capabilities and competitive advantage in the financial technology sector, serving over 2,300 financial institutions in the U.S.

GTCR-backed Resonetics acquires Agile MV, enhancing capabilities in medical device development.

The acquisition aligns with Resonetics' strategy to lead in micro-manufacturing for interventional medical devices. Agile specializes in the rapidly growing electrophysiology and interventional cardiology markets. This marks Resonetics' tenth acquisition since GTCR's investment in 2018, reflecting a commitment to expanding capabilities and serving interventional medical device companies effectively.

CNSI has announced the formation of a new Board of Directors following its acquisition by Carlyle (NASDAQ: CG) in December 2021. The board includes industry experts like Donna Morea (Chair), Lawrence B. Prior III, Penny Thompson, and Tom Weston, who bring extensive experience in government technology and healthcare. CEO Todd Stottlemyer expressed optimism about leveraging this expertise to enhance CNSI's market position and accelerate key investments for state and federal healthcare clients.

AZZ Inc. has completed its acquisition of Precoat Metals, a division of Sequa Corporation, for approximately $1.28 billion. Precoat is a leading provider of metal coil coating solutions in North America, generating $700 million in sales and $137 million in adjusted EBITDA for the year ending December 31, 2021. This acquisition strengthens AZZ's position in the coatings market, expected to drive growth and profitability as they integrate Precoat into their operations. The move aligns with AZZ's strategy to expand their metal coatings offering and enhance operational scale.

On May 9, 2022, White Mountains Insurance Group (NYSE: WTM) announced the sale of NSM Insurance Group for $1.775 billion to Carlyle (NASDAQ: CG). The deal is expected to increase White Mountains' adjusted book value per share by approximately $280 and boost its undeployed capital from $0.4 billion to $1.7 billion. The transaction, set to close in the second half of 2022 pending regulatory approval, is seen as beneficial for both White Mountains' shareholders and NSM's management, facilitating NSM's growth with Carlyle's expertise.

3Q Digital has announced a definitive agreement to merge with DEPT®, creating a global powerhouse in digital marketing. The combined agency will consist of 3,000 specialists and manage over $3 billion in digital media spending across 180+ markets. This merger aims to enhance client experiences through integrated services and innovative technology. The transaction, subject to regulatory approval, is expected to close in Q2 2022. Post-merger, 3Q Digital will be rebranded as 3Q/DEPT™, providing a unified tech stack for clients.

AZZ Inc. has announced the acquisition of Sequa Corporation's Precoat Metals division for approximately $1.28 billion, which adjusts to $1.13 billion after tax benefits. Precoat, the leading independent provider of metal coil coating solutions in North America, generated $700 million in revenue and $137 million in adjusted EBITDA for 2021. The acquisition aligns with AZZ's strategy to enhance its metal coatings offering, expecting to be accretive to earnings in the first year. AZZ also raised its fiscal 2022 revenue guidance to $890 million to $910 million.