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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.
On May 9, 2022, White Mountains Insurance Group (NYSE: WTM) announced the sale of NSM Insurance Group for $1.775 billion to Carlyle (NASDAQ: CG). The deal is expected to increase White Mountains' adjusted book value per share by approximately $280 and boost its undeployed capital from $0.4 billion to $1.7 billion. The transaction, set to close in the second half of 2022 pending regulatory approval, is seen as beneficial for both White Mountains' shareholders and NSM's management, facilitating NSM's growth with Carlyle's expertise.
3Q Digital has announced a definitive agreement to merge with DEPT®, creating a global powerhouse in digital marketing. The combined agency will consist of 3,000 specialists and manage over
AZZ Inc. has announced the acquisition of Sequa Corporation's Precoat Metals division for approximately $1.28 billion, which adjusts to $1.13 billion after tax benefits. Precoat, the leading independent provider of metal coil coating solutions in North America, generated $700 million in revenue and $137 million in adjusted EBITDA for 2021. The acquisition aligns with AZZ's strategy to enhance its metal coatings offering, expecting to be accretive to earnings in the first year. AZZ also raised its fiscal 2022 revenue guidance to $890 million to $910 million.
Compana Pet Brands, formerly Manna Pro Products, unveils a new corporate identity to reflect its growth in the pet care sector. With over 90.5 million U.S. households owning pets, Compana emphasizes its commitment to enriching pets' lives through a diverse range of quality products. The company has acquired 15 brands in five years, contributing to nearly half of its growth. Compana's sustainability initiatives aim to positively impact communities and the environment. Owned by Carlyle, Compana's portfolio includes brands in dog, cat, and various other pet categories.
On February 2, 2022, Rock Mountain Capital and The Olayan Group announced the acquisition of a 48% stake in PurposeBuilt Brands, previously held by Carlyle (NASDAQ: CG). Carlyle's exit was facilitated through this transaction, allowing TA Associates and company management to retain a 52% ownership stake. PurposeBuilt Brands, known for its specialty cleaning products, has celebrated 41 consecutive years of growth. The investment is expected to support further expansion and innovation in eco-friendly product lines.
On February 1, 2022, Carlyle (NASDAQ: CG) announced the completion of its acquisition of Involta, a leader in hybrid IT, cloud computing, and data center services. This strategic investment aims to enhance Involta's capabilities in delivering innovative hybrid cloud solutions and to support growing digital infrastructure needs. Involta's CEO emphasized the commitment to leveraging new capital for growth while maintaining exceptional customer service and operational excellence across its nationwide locations.
NineDot Energy announced a strategic investment from Carlyle (NASDAQ: CG) aimed at developing over 400 megawatts of clean energy systems by 2026. This investment will enhance local power infrastructure, providing reliable energy to thousands of New York households and businesses. The funds will support NineDot’s battery storage projects in areas like Queens, Staten Island, and Long Island, aligning with New York’s goal of achieving 100% clean energy by 2040 and a target of 6,000 MW of energy storage by 2030. This move emphasizes the role of battery storage in decarbonizing the electric grid.
Carlyle (NASDAQ: CG) has announced its agreement to acquire Involta, a leading data center company specializing in hybrid IT and cloud infrastructure. Involta operates 12 data center facilities and has a 12,000+ fiber-mile network supporting mission-critical IT solutions across the U.S. This acquisition aims to leverage Carlyle's resources to strengthen Involta's operations and expansion, primarily in the Midwest and beyond. The transaction, expected to close in Q1 2022, is aligned with Carlyle's strategy to invest in digital infrastructure, further enhancing its capabilities in this growth sector.
Huron Capital has sold a majority stake in Sciens Building Solutions to Carlyle (NASDAQ: CG), while retaining a minority interest and a seat on the board. Established in 2016, Sciens specializes in fire and life safety services, experiencing over a 35-fold increase in revenue and EBITDA since inception. This growth was driven by strategic investments and 13 acquisitions. Sciens aims to be the largest independent FLS integrator in North America under Carlyle's leadership, which will enhance its M&A capabilities.
The AES Corporation (NYSE: AES) has successfully acquired Valcour Wind Energy from Carlyle (NASDAQ: CG), enhancing its renewable energy portfolio in New York. Valcour's six wind farms, producing approximately 25% of the state's wind energy, significantly contribute to New York's goal of achieving 70% renewable electricity by 2030. This acquisition adds 612 MW of capacity to AES's operations, which also includes a 1 GW solar pipeline. AES aims to leverage this acquisition for further growth in renewable energy.
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