Tuesday, August 14, 2012

Carlyle's PEU News

The Carlyle Group juggernaut has its sight set on Getty Images and round two of Virginia Ports privatization.  It took a 13.5% stake in a Chinese medical company.

A federal judge dismissed an investor lawsuit against Carlyle for fraud regarding Carlyle Capital Corporation.  Puffery wins again.  A D.C. court ruled for a D.C. PEU. 

Also, Carlyle let go a senior PEU and plans to refocus its distressed debt fund. 

It plans to focus more narrowly on "control investing" in which the fund buys stakes that lead to control of struggling companies.
Think Brintons or Mrs. Fields  Back-door takeovers happen in difficult times.