Tuesday, July 27, 2010

Carlyle Group Invests in Companeo

The Carlyle Group purchased a majority stake in French online purchaser Companeo. The company provides an online marketplace for small and medium companies to receive quotes from qualified suppliers. Will a qualification entail being a Carlyle Group affiliate?

Companeo joins nearly 1,000 firms held by Carlyle, a politically connected private equity underwriter (PEU). Carlyle Group co-founder William Conway loves a playing field tilted in his PEU's favor. How might Companeo add a few degrees to Conway's angle?