The Carlyle Group L.p Stock News

By Chibuike Oguh (Reuters) Carlyle Group Inc said on Thursday its fourth-quarter distributable earnings increased almost fourfold thanks to a record level of asset sales from its private equity portfolio that was partly offset by rising compensation expenses.

Carlyle (NASDAQ:CG) is scheduled to announce Q4 earnings results on Thursday, Feb. 3, before market open.

A group led by Rock Mountain and Olayan bought a 48% stake in PurposeBuilt Brands, the proceeds of which were used to redeem Carlyle''s (CG) position. PurposeBuilt Brands is a portfolio

iStar (STAR) stock gains 13% in premarket trading after it agreed to sell a portfolio of net lease assets, consisting of 18.3M square feet of office, entertainment, and

Carlyle (CG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

New York-based real estate investment trust company iStar Inc. STAR, +2.89% said Wednesday it agreed to sell a portfolio of its owned and managed net lease assets for a gross purchase price of $3.07 b

The "Halftime Report" traders give their top picks to watch for the second half.

NineDot Energy, a leading developer of community-scale clean energy projects, today announced a strategic investment from funds managed by global investment firm Carlyle (NASDAQ: CG ). Carlyle''s investment will enable NineDot to develop, build, and operate over 400 megawatts (MW) of clean energy systems by 2026 that strengthen local power grid infrastructure and provide stable, reliable, and resilient power to tens of thousands of New York households and businesses. Founded in 2015, NineDot Energy is a New York City-based clean-tech developer that designs and deploys community-scale energy generation and battery storage projects. Carlyle''s investment is intended to enable NineDot to execute on its pipeline of battery storage projects in Downstate New York including Queens, Staten Island, the Bronx, and Long Island. These projects support New York State''s mission to achieve its goal of 100% clean energy by 2040, including a recently doubled target of Full story available on Benzinga.

Carlyle Group (CG) plans to form a new open-ended fund to pursue long-term infrastructure bets, people familiar with the matter told Bloomberg. Still, shares of CG

Carlyle Group (CG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

According to Hyundai Motor, Carlyles sector expertise and strong operational value-creation capabilities will benefit Hyundai Glovis corporate value and shareholder value moving forward.

India''s active pharmaceutical ingredients (API) space is now a sought-after investment destination for global bulge-bracket investors and private equity managers, with the pandemic reshaping the sector''s fortunes and boosting valuations.The API sector has seen a three-fold increase in investments in 2021 compared with a year ago.Three private equity-led investment platforms have been created specifically targeting the API space, while at least half a dozen transactions are in various stages of negotiations, according to bankers and fund managers. These include Carlyle Group''s $300-million platform with former Mylan India CEO Hari Babu, Advent''s $400-million platform with RA Chem and Hong Asia-focused PE firm PAG''s $200-million platform with Samara Capital and CX Partners. M&A and PE transactions in API space more than doubled during 2021 to $800 million compared with $293 million in 2020 and just $30 million in 2019, according to data compiled by EY."There are macro and micro tailwinds driving investor and strategic interest in Indian API assets and businesses in the last 24 months," said Rahul Sakia, head of M&A & strategic alliances at Rising Pharmaceuticals, which recently concluded a strategic transaction with US-based HIG Capital."Realization and intent do not create capacities over time - the demand/supply mismatch resulted in increase in API prices, sharp spike in valuation in API businesses and M&A interest - both strategic & PE," he said.India began its journey in becoming a key supply hub in the global pharmaceutical ecosystem during the 1970s with a strong bulk drug industry as its backbone.

A consortium involving private equity firm Carlyle Group CG, +1.70% and Canada Pension Plan Investment Board is acquiring 125 aircraft from CK Asset Holdings Ltd. 1113, +2.49% for $4.28 billion.

NewSpring targets $175 million for its fourth fund.