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The Carlyle Group Inc. (NASDAQ: CG) is a prominent global investment firm with deep industry expertise. Founded in 1987 in Washington, DC, the company has evolved into one of the world's largest investment firms, managing $426.0 billion in total assets, including $307.4 billion in fee-earning assets as of December 2023. Carlyle operates through 29 offices across five continents, employing nearly 1,850 professionals.
Carlyle's business is divided into three core segments: Global Private Equity, Global Credit, and Global Investment Solutions. The private equity segment includes funds focused on private equity, real estate, infrastructure, and natural resources, contributing 35% of fee-earning AUM and 63% of base management fees in 2023. The global credit segment accounts for 50% of fee-earning AUM and 25% of management fees, while investment solutions make up the remaining 15% of AUM and 12% of management fees.
The firm's client base primarily consists of institutional investors and high-net-worth individuals. Carlyle's investment strategy emphasizes creating value for its investors, portfolio companies, and the communities in which it operates.
In recent news, Carlyle has made significant strides in various sectors. The firm recently announced the acquisition of a $415 million private student loan portfolio and a strategic investment into Monogram LLC, a leader in finance solutions for students and their families. This partnership aims to enhance private student loan offerings, leveraging Monogram's extensive experience and Carlyle's financial backing.
Additionally, Carlyle's subsidiary, Carlyle Credit Income Fund (NYSE: CCIF), focuses on investing in equity and junior debt tranches of collateralized loan obligations (CLOs). The fund will release its financial results for the first and second quarters of 2024 after market close on February 29 and May 29, respectively.
Carlyle continues to demonstrate its commitment to strategic growth through its latest investment of $180 million in Zippy Shell Incorporated, a leading containerized moving and storage company. This investment is aimed at refinancing existing debt and supporting strategic growth initiatives, further solidifying Carlyle's role as a key player in the alternative-asset management industry.
In summary, Carlyle Group Inc. stands out as a global leader in investment management, continuously driving value creation through strategic partnerships, innovative financial solutions, and a diverse portfolio.
Sciens Building Solutions, a prominent player in the fire and life safety sector, has agreed to sell a majority stake to funds managed by Carlyle (NASDAQ: CG). While Carlyle will bring in additional resources for growth, Sciens' management and Huron Capital will retain minority stakes. The deal aims to enhance Sciens' capabilities in fire detection and security services across commercial and governmental sectors. The transaction is subject to customary closing conditions.
Magnus Technologies, based in Austin, Texas, has successfully completed its Series A growth financing round with LKCM Headwater, following prior investments from Carlyle and BCG Digital Ventures. The funding aims to accelerate the growth of its enterprise Software-as-a-Service (SaaS) Transportation Management System (TMS) within the $700 billion logistics market. Magnus focuses on modernizing TMS solutions for trucking companies, enhancing implementation speed and reducing legacy system burdens.
Duravant LLC has announced a strategic partnership with Carlyle (NASDAQ: CG) and Warburg Pincus, highlighting a significant investment. The terms remain undisclosed. This partnership aims to enhance Duravant's growth through new product development and geographic expansion in the automation solutions sector, which serves food processing, packaging, and material handling markets. With this collaboration, Duravant expects to capitalize on organic and inorganic growth opportunities, further solidifying its market presence and innovation in automation solutions.
Carlyle, a global investment firm, along with co-investors including Amgen Ventures and Merck Global Health Innovation Fund, has announced a strategic growth investment to acquire a majority stake in Saama Technologies. This investment aims to enhance Saama's AI-driven data management and analytics capabilities, focusing on accelerating drug development processes. Saama’s Life Science Analytics Cloud is utilized by over 50 pharmaceutical companies for clinical trials, potentially reshaping the drug development landscape through predictive insights and advanced data management.
CFGI, a top non-audit accounting advisory firm in the U.S., has announced a significant investment from CVC Capital Partners, valuing the company at approximately $1.85 billion. All existing shareholders, including Carlyle (NASDAQ: CG), are reinvesting alongside CVC. CFGI specializes in providing independent advisory services to CFOs, assisting with technical accounting and process improvements across various sectors. The transaction is set to close in Q4 2021, pending regulatory approvals, and CFGI will remain privately held under its current leadership while maintaining strong alignment with its workforce.
AlphaStruxure is set to commence the construction of the Brookville Smart Energy Bus Depot in
Packable, previously Pharmapacks, has announced a merger with Highland Transcend Partners I Corp. The combined company will have a pro forma enterprise value of
Spiber, a biomanufacturing startup in Japan, has announced a capital increase of
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