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Carlyle Group, Stellex to Form Naval Ship Repair Company Through Vigor-MHI Merger

The Carlyle Group (Nasdaq: CG) and Stellex Capital Management have agreed to buy Portland, Ore.-based defense and maritime services firm Vigor Industrial and combine it with Stellex-owned MHI Holdings for an undisclosed sum to form a combined ship repair and fabrications services company.

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Carlyle Group to Make Equity Investment in Military Aircraft Service Provider NORDAM

The Carlyle Group (Nasdaq: CG) signed an agreement to invest in NORDAM, a family-owned aerospace manufacturing and repair company, and will support the latter’s strategic plan and growth initiatives. The equity investment from the Carlyle Strategic Partners IV L.P. fund and debt financing will also help NORDAM emerge from Chapter …

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Report: Carlyle Group Close to Sealing StandardAero Acquisition Deal

The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the transaction could be disclosed …

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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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Former Symantec Exec Greg Hughes Named Veritas CEO

Greg Hughes, former CEO of Serena Software, has been selected by the board of directors to succeed Bill Coleman as CEO of Veritas Technologies, effective immediately. Coleman will continue to serve on the company’s board and join investment firm The Carlyle Group (Nasdaq: CG) as operating executive, Veritas said Monday. …

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