Tag: carlyle

The Carlyle group announces its second renminbi fund, in partnership with Fosun, with an initial capital of $100 million. Alex Ying and Anand Balasubrahmanyan are elevated to managing directors at the private equity firm, while Manoj Dengla has been promoted to director. In a billion-dollar deal, private equity firm Carlyle swaps its stake in Taiwan's kbro to become the second-largest shareholder in Taiwan Mobile. The Carlyle Asia Growth Partners IV fund will invest in high-growth companies in the region, particularly China and India. The global private equity firm invests $50 million in Hao Yue Education Group which runs a vocational college in Beijing. Seven bankers, including Eric Mason, are laid off by the private equity firm as its leveraged finance practice becomes the latest casualty of the poor credit markets. The US private equity firm appoints ANZ's David Balint as director of leveraged finance, in a move that underscores its commitment to investing in this market in Asia-Pacific. The $87 million investment will give the private equity firm a "significant minority stake" in Sinorgchem, China's largest producer of rubber antioxidant chemicals. The US private equity firm appoints Citi veteran Sunil Kaul to cover financial services in Asia, adding to its team of professionals with an industry focus. Carlyle purchases Nippon's entire stake and part of Hoya's holding in a deal that gives it 52.6% ownership of the Japanese LCD manufacturer. Citi's head of M&A in India, Devinjit Singh, quits after nearly 20 years with the bank to join Carlyle's buyout practice. Honghua's offering will be keenly watched as it could become the first company of size to list in Hong Kong this year after several other deals were pulled. The firm pays $137 million to acquire the assets from the Goodwill Group in its latest Asian real estate investment. Anand Balasubhramanyan leaves banking to focus on investments for Carlyle in Southeast Asia. Eric Mason, the man behind Carlyle's leveraged finance activities in the region, says the subprime crisis is having a limited impact on the firm's plans. The private equity firm hires Masao Hirano from McKinsey as co-head of Japan buyouts and appoints Takeshi Isayama as chairman in Japan. Carlyle and National Hire submit a bid for Coates Hire of Australia, valuing the business at $1.3 billion, but the bid is rejected as too low. A consortium led by the private equity firm will invest $657 million to become the largest single shareholder in Taiwan's Ta Chong Bank. Carlyle pays $650 million to buy a minority stake in the Indian housing finance player, while Citi spends $117 million to maintain its current stake. ASE's share price rises to a seven-year high as Carlyle withdraws its offer to buy the Taiwanese semiconductor company.