carlyle group/the (CG) Key Developments
Coates Offshore Receives Offers
Dec 9 13
Coates Hire Limited owned by Seven Group Holdings Limited (ASX:SVW) and The Carlyle Group LP (NasdaqGS:CG) has fielded offers from parties interested in buying its Coates Offshore. Coates has appointed an adviser in Britain after receiving approaches about a potential sale of Coates Offshore. While Carlyle and Seven had no plans to sell the business, it is understood they appointed the adviser to see if the interest was real and would only sell if a bumper price was put on the table. According to The Australian, a spokesman for Carlyle declined to comment.
Carlyle Is In Talks With Fu Shou Yuan
Dec 5 13
The Carlyle Group LP (NasdaqGS:CG) is in talks with Fu Shou Yuan Group Co., a Carlyle spokesman said, declining to comment on whether the company will invest. Fu Shou Yuan is seeking to raise about US$200 million through a listing in Hong Kong.
Lactalis Is Reportedly Close To Sealing Deal To Buy 70% Stake In Tirumala
Dec 5 13
Groupe Lactalis S.A. close to sealing a deal to buy a 70% stake in Tirumala Milk Products (P) Ltd, French daily Les Echos said. A deal, which could be signed by the end of December 2013 would value Tirumala at around €220 million, the paper said, citing sources as well as Indian media reports. A spokesman for Lactalis declined to comment on the report. The Carlyle Group LP (NasdaqGS:CG) owns a 20% stake, would sell its holding, the paper said. Tirumala's four founders, who own a combined 80% stake, would sell 50%, resulting in Lactalis owning 70%.
Apax Carlyle And Baring Keen On SourceHOV
Dec 2 13
Apax Partners LLP, The Carlyle Group LP (NasdaqGS:CG) and Baring Private Equity Asia are among the bidders who have placed initial bids to acquire SourceHOV, Inc. from HOV Services Limited (BSE:532761)and Citigroup Venture Capital International Asia Limited, said banking sources aware of the matter. HOV Services and Citigroup Venture have mandated Morgan Stanley for a sale. The initial bids have valued SourceHOV at around $1 billion.
Bharti Reportedly Shelved Plans for Telemedia
Nov 26 13
Bharti Airtel Limited (BSE:532454) has shelved plans to sell a large stake in Bharti Telemedia Limited after talks failed with financial and strategic investors, sources directly familiar with the matter told TOI. Bharti was negotiating to sell at least 25% in the Bharti Telemedia Limited unit valuing it about $1.5 billion, however company was unable to get the desired valuation from prospective buyers, which included Saban Capital Group, Inc.; The Carlyle Group LP (NasdaqGS:CG); and Liberty Media Corporation (NasdaqGS:LMCA).