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Goldman Sachs And Other Top Financial Stock Picks For 2014 From Credit Suisse
Sunday, December 15, 2013 - 10:47am | 870Among the financial stocks that analysts at Credit Suisse expect to flourish in the coming year are private equity firms Apollo Global Management (NYSE: APO) and Blackstone Group (NYSE: BX), as well as investment broker giant Goldman Sachs Group (NYSE: GS) and asset manager State Street (NYSE: STT...
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Barron's Recap: Is The Bubble Ready To Burst?
Sunday, November 17, 2013 - 4:21pm | 886This weekend in Barron's online: 13 bargains in the bull market, picking the best ETFs and the prospects for Blount International, Carlyle Group, Discovery Communications and more. Cover Story "Bubble Trouble?" by Andrew Bary. The major U.S. stock markets are at or near record levels, Barron's...
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Barron's Recap: The Changing World Of MLPs
Sunday, August 11, 2013 - 1:00pm | 831This weekend in Barron's online: a roundtable discussion of the changing landscape of master limited partnerships, and the prospects for the Washington Post, BNP Paribas, HD Supply, Isis Pharmaceuticals and Redbox. Cover Story "MLP Boom or Bust?" by Dimitra DeFotis. Master limited partnerships (...
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Carlyle to Acquire Cogentrix From Goldman Sachs
Friday, September 7, 2012 - 1:55pm | 368Leading private equity firm the Carlyle Group (NASDAQ: CG) will acquire power-plant developer Cogentrix Energy LLC from Goldman Sachs (NYSE: GS). The terms of the transaction have not been disclosed. Cogentrix was acquired by Goldman in 2003, for $115 million and the assumption of $2.3 billion in...
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Have Bain Capital's Woes Spread to Other Private Equity Firms?
Saturday, July 14, 2012 - 12:38am | 890Private equity firm Bain Capital, and its actions during its first 15 years, have come under increasing scrutiny as a result of Mitt Romney's 2012 presidential campaign. Romney was one of the firm's founders, and he has said that he was an executive of Bain Capital until 1999, although SEC...
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Carlyle Group plans $726.5 million IPO
Monday, April 16, 2012 - 9:53am | 462Carlyle Group, the second-largest US private-equity firm, may raise as much as $726.5 million in its initial public offering. The sale would value the Washington, D.C.-based company at up to $7.6 billion, according to papers filed with the SEC today. Carlyle plans to offer 30.5 million shares, 10...
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Recent IPO Oaktree Capital Continues Trading Below $43 Pricing
Friday, April 13, 2012 - 11:24am | 238The world's largest investor in distressed-debt, Oaktree Capital (NYSE: OAK), continues to disappoint Carlyle Group's IPO division. Carlyle Group's IPO roadshow begins next week, but private firms like Oaktree Capital have not found a large amount of investor interest. There is also waning overall...
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Who Wants to Be CEO at AMD?
Thursday, June 16, 2011 - 9:31am | 192It seems no one wants to be chief executive of Advanced Micro Devices (NYSE: AMD). Apple's (NASDAQ: AAPL) Chief Operating Officer Tim Cook, Oracle's (NASDAQ: ORCL) Co-president Mark Hurd, EMC's (NYSE: EMC) Chief Operating Officer Pat Gelsinger and Carlyle Group Managing Director Greg Summer...
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Carlyle Group Nears Deal for Stake in GarudaFood
Monday, June 13, 2011 - 7:38am | 154The Carlyle Group is set to make its first direct investment in Indonesia: the private equity firm reportedly is close to acquiring a 25% stake in GarudaFood for about $200 million. Jakarta-based GarudaFood sells instant food and snacks internationally. The deal would value the whole company at...
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Buyout Firms Eye Reliance Communications Tower Unit
Wednesday, June 8, 2011 - 11:49am | 126Private equity companies Blackstone Group (NYSE: BX), Apax Partners, TPG Capital and Carlyle Group reportedly have expressed interest in purchasing a stake in Reliance Communications' mobile-phone towers unit, according to people familiar with the matter. TPG and Carlyle are among those in talks...
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Carlyle Group to Take HCR ManorCare Public
Tuesday, June 7, 2011 - 10:32am | 170Reuters is reporting that private equity firm The Carlyle Group will soon take HCR ManorCare public in an offering that could raise as much as $500 million. The company is expected to file IPO registration paperwork with the U.S. Securities and Exchange Commission within the next month. The IPO...
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Five Stocks for National Doughnut Day
Thursday, June 2, 2011 - 6:56pm | 723The first Friday of June is National Doughnut Day in the United States. The event was created by the Salvation Army in 1938 as a fund raiser and to honor women who served donuts to soldiers during World War I. Some independent doughnut shops and large national franchises, such as Dunkin' Donuts and...
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Carlyle Group Gears Up for IPO
Wednesday, June 1, 2011 - 11:05am | 216Reuters is reporting that, in the next month, private equity firm Carlyle Group will select banks to underwrite its planned initial public offering. Carlyle hopes to file its IPO prospectus with the Securities and Exchange Commission in the third quarter, according to sources familiar with the...
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Bloomberg: Buyout Firms Turn into Asset Managers as Takeovers Become Scarce
Tuesday, May 31, 2011 - 9:55am | 211As takeover targets become scarce, Carlyle Group, KKR (NYSE: KKR) and other buyout specialists are becoming asset managers that run hedge funds and strip malls, according to a report in Bloomberg. Blackstone Group (NYSE: BX), the largest private-equity firm, earns twice as much from owning office...
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Rexnord Takes a Third Shot at an IPO
Thursday, May 26, 2011 - 9:36am | 183Rexnord Corp. has revived its plans to go public, filing to raise up to $700 million in an initial public offering. The U.S. industrial firm is backed by Apollo Global Management. Milwaukee-based Rexnord first filed to go public in 2006 for up to $400 million under the name RBS Global Inc. It was...