Search Results for: Carlyle Group

Carlyle Group’s US Buyout Fund Secures $18.5B Capital

The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase …

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Carlyle Group Adds Former CSRA Chief Larry Prior to A&D, Government Services Team

Larry Prior, formerly president and CEO of CSRA and a four-time Wash100 winner, has joined The Carlyle Group (Nasdaq: CG) as an operating executive consultant for the private equity firm’s aerospace, defense and government services team. He will provide the team with investment guidance on acquisition and sourcing and offer advice to …

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Carlyle Group to Sell All Remaining Booz Allen Shares

Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering. Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. …

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Carlyle Group Reduces Booz Allen Ownership Stake to 11.3%

The Carlyle Group (Nasdaq: CG) has cut its ownership stake in Booz Allen Hamilton (NYSE: BAH) to 11.3 percent after the private equity firm sold 13 million shares to Morgan Stanley & Co. for $377.13 million. Booz Allen said Monday the transaction is valued at $29.01 per share and the sale will close by …

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Symantec Closes $5.3B Veritas Sale to Carlyle Group; Michael Brown Comments

A group of investors led by Carlyle Group (Nasdaq: CG) has closed its nearly $5.3 billion acquisition of Veritas from Symantec Corp. (Nasdaq: SYMC). Symantec’s board of directors expects to return $4 billion in accelerated share repurchases and additional capital return to shareholders by the end of March 2017, Symantec …

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Symantec, Carlyle Group Modify Proposed Veritas Deal’s Value, Terms

The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec president and CEO, …

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Symantec Sets Jan. 29 Close for $8B Veritas Sale to Carlyle Group

The Carlyle Group (Nasdaq: CG) is set to conclude its potential $8 billion acquisition of Veritas from Symantec (Nasdaq: SYMC) on Jan. 29 after the closing conditions are met. Bill Coleman, formerly a partner at venture capital firm Alsop Louie Partners, will serve as CEO of Veritas upon the deal’s close, …

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Carlyle Group Cuts Booz Allen Ownership Stake to 20%

Global investment firm Carlyle Group will reduce its ownership stake in consulting services provider Booz Allen Hamilton (NYSE: BAH) to 20 percent through a sale of 13 million shares to Credit Suisse for $388, 440, 000. Booz Allen said Tuesday the transaction is valued at $29.88 per share — the firm’s Tuesday …

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Reports: Symantec Talks Potential Veritas Sale to Carlyle Group for $8B

Symantec (Nasdaq: SYMC) and private equity firm Carlyle Group are discussing the potential $7 billion to $8 billion sale of the former’s Veritas data storage business unit, Bloomberg reported Wednesday. Alex Sherman, Kiel Porter and Jordan Robertson write that negotiations on the potential deal’s terms are still underway. Sources told Bloomberg that interested …

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Carlyle Group Managing Director Frank Finelli Inducted Into Wash100 For Acquisition and Financial Leadership

Executive Mosaic, Tysons Corner, VA March 11, 2015 – Frank Finelli, a managing director at the Carlyle Group, has been elected into Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for his leadership role in the acquisition and financial services market. The Wash100 is the premier group of …

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