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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 11:15 AM
Original message
(The)Carlyle (Group) Closes Record Capital-Raising
(If you don't know who The Carlyle Group is, you should find out. I wonder if this is where all the "missing" billions are going? Hint: George H.W. is one of the major players.)

Carlyle Closes Record Capital-Raising

Tue Mar 29, 2005 07:40 AM ET

LONDON (Reuters) - The Carlyle Group has completed the world's largest corporate buyout capital-raising at $10 billion to finance mega-sized deals on both sides of the Atlantic, the private equity firm said on Tuesday. Carlyle's latest capital-raising was through two funds. The U.S.-focused Carlyle Partners IV got $7.85 billion of commitments, and European fund Carlyle Europe Partners II received $2.2 billion of commitments.

The massive fundraising comes amid press reports that private equity firms Warburg Pincus and Blackstone also are looking to raise up to $8 billion each. With equity returns in public markets essentially flat for most of last year and bond yields at low levels, investors have been flocking to private equity and other alternative investments to boost returns.

"There are lots of pension funds and other institutions with large funds that want exposure to private equity investments," said Chris Davison, a consultant for Almeida Capital. Private equity firms' demand for capital, meanwhile, is growing as firms are able to invest productively in larger and larger deals, Davison added.

On Monday seven private investment groups banded together to buy financial technology company SunGuard Data Systems Inc. for $10.8 billion in cash in the biggest leveraged buyout in more than 15 years. "We believe we have a level of capital that we can invest well over the next five years," said David M. Rubenstein, co-founder and managing director of Carlyle in a statement. Carlyle invests in buyouts, venture capital, real estate and leveraged finance in the U.S., Europe and Asia in industries ranging from aerospace and transport to energy, telecommunications and healthcare.

(more at link above)
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 11:21 AM
Response to Original message
1. Holy Smokes!
A billion here, a billion there and pretty soon your talking some real money!

My (admittedly) monetarily untutored mind conjures up a massive money hammer being fashioned to pound down the aspirations of millions of people.
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cecilia Donating Member (16 posts) Send PM | Profile | Ignore Tue Mar-29-05 11:42 AM
Response to Reply #1
3. Holly Smokes
They ARE...from Lebanon to Indonesian...
on Electronic Iraq..they have a report on
Gonzo Journalism..is pretty deep reading..in the middle.
there is this thing about someone who went to the Bush White House..and was told something like:

Just watch what we do..
this is an empire now..
we will make the moves..

you just watch..

Everyday...some area of the world is being unstablized..you know the CIA is working overtime.

Aspirations!!?? They will change..the thinking of billions of people to want only things..and work for next to nothing.

Missiles to Pakistan, another quake in Indonesia, bombs in Lebanon,
starving out Cubans..(That was just in the last 4-5 days!!)

We have to organize, organize..my site is www.fromheretoiraq..
I try to connect the dots.
Bechtel, Hoover Institute, Military contracts, DU...

Its WORSE than we ever imagined, isnt it?

Cecilia
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clem_c_rock Donating Member (989 posts) Send PM | Profile | Ignore Tue Mar-29-05 11:58 AM
Response to Reply #3
6. You have hit the nail on the head
Just on a gut feeling I feel the US is engaging in some of the most sinistar activities not seen since Nazi germany. The more I research the facts, the more I confurm this feeling everyday.

The PNAC agenda is so insane, it almost seems like something out of a fucking comic book. But when you read "Rebuilding America's Defenses", you see that they are trying to follow everything laid out in that document.

Something's going to give and when it gives it's going to be huge. I'm protesting as much as I can. When it does give, at least I can say I tried to fight it.

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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 01:29 PM
Response to Reply #6
10. I posted a bunch of links to more info
in response to the same post.

Check 'em out. One of the Information clearing house links has an Audio link to a relevant "Democracy Now" show.:smoke:
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 12:33 PM
Response to Reply #3
8. Here are some websites I've read over the years
Some of these websites are a bit old and not a slick as some corporate created sites, but the Info they contain is still good.

Meet the Carlyle Group

Here's a link to their "Portfolio" of Companies.

<http://www.thecarlylegroup.com/eng/portfolio/portfoliol3-2290.html>

<http://www.bushwatch.net/bushmoney.htm>

This site "looks like" a 9/11 site, but it's mostly about Poppa's dirty deals.
<http://www.bushnews.com/attack.htm>

<http://www.informationclearinghouse.info/article3995.htm>

A Look At Why The Carlyle Group Wanted to Drop George W. Bush From Its Board A Decade Ago

This link is from the "The Guardian" The ex-presidents' club
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clem_c_rock Donating Member (989 posts) Send PM | Profile | Ignore Tue Mar-29-05 02:57 PM
Response to Reply #8
12. Nice - thanks a bunch for the links
I collect articles and I'm building a little libray:

You can check it out here: reseaudesign/research/

Let me know what you think.
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cecilia Donating Member (16 posts) Send PM | Profile | Ignore Tue Mar-29-05 11:33 AM
Response to Original message
2. Carlyle-To UpTOOLATE
Hi, Im up too early!

Please check out www.fromheretoiraq.com

I essential am raising the same questions..
what is interesting is ..im not an econ major..
but where is this massive profit being made..to buy
more..military hardware..ect?

You can't make more than you have..and we are borrowed..
(THEY ARE, THAT IS)....

So they are getting more cash flow...from either moving around govern funds from other programs..or making some on the OIL..
or...all those tax breaks..

anyway its figured..even if a very detailed study could be done..
somehow..it is all coming from the American public...or perhaps foreign investors.

Could you follow up on this?
We need to get to the bottom line...Who is the Car. Group..
Exact names..and How much money from what sources...

And then present it to the public..

Where DOES all this increased capital COME FROM??
Who are they robbing?

Thats the question.
Because these are all mafioso thieves...they have just moved up to a more professional level.

This was a good report. It just needs following up. Some investigative reporting.

Cecilia.
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 11:49 AM
Response to Reply #2
4. Here's a link to what I posted last night (earlier today)
<http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x1692378>
until I can find more to show you.

Another question I have is, if The Carlyle Group is sucking up all this capital, how much of it COULD have been invested in Shubs Iraq reconstruction misadventure?

But hey, that might have helped us AVERAGE Americans.:mad:
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unhappycamper Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 11:52 AM
Response to Reply #2
5. Didn't Bemmer 'lose' about $9 BILLION in Iraq?
Wonder how much of it went to Carlyle......
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 12:00 PM
Response to Reply #5
7. Probably most of it
They probable figure, they can flip it, and make big profits off of it.:grr:
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0007 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 03:07 PM
Response to Reply #5
13. Guess where our money went?


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anarchy1999 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 12:37 PM
Response to Original message
9. Never in all my life would I have beleived this to be possible and for
Edited on Tue Mar-29-05 12:38 PM by anarchy1999
the general population to accept being screwed in this fashion. It is beyond my scope of comprehension.
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 02:31 PM
Response to Original message
11. Here's Carlyle's $11.3 Billion Dollar Deal for Sungard from Yesterday
(un-named in this article, The Carlyle Group)

Sungard sold for a record figure

Monday, 28 March, 2005, 12:09 GMT 13:09 UK

US software company Sungard Data has been bought by a consortium of investment funds for $11.3bn (£6bn).

The deal is the largest private buyout of a technology firm, and also believed to be the second-largest buyout of any type of company in business history. The broad-based consortium includes Silver Lake Partners, Bain Capital, Blackstone Group and Texas Pacific.

Sungard provides computer services, particularly to finance firms, and has annual sales of $3bn. The Pennsylvania-based company has more than 20,000 customers in about 50 countries.

'Great value'

"This transaction offers great value to our stockholders and represents an endorsement of our business model," said Sungard president Cristobal Conde. "Our customers and employees should know that it is business as usual, now and following the completion of the transaction. "Mr Conde added that Sungard will retain its senior management team and current headquarters. The consortium is paying $36 a share for Sungard. Its other members include Kohlberg Kravis Roberts, and Providence Equity.

(more at link above)
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cosmicdot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 04:40 PM
Response to Reply #11
14. I see the Blackstone Group is involved
Edited on Tue Mar-29-05 04:47 PM by cosmicdot
what's coming out and down from the White House could be viewed as the center ring of a 3-ring distraction circus ... pay no attention to that Carlyle Group behind the curtain ...


My conjecture is that when Poppy and the BFEE gang set up things, they set up 2 private equity arrangements: the Carlyle Group and a mirror organization, the Blackstone Group ... why they would do that, I'm not sure ... unless to cover more of the globe and its various markets, and to cover more bases less conspicuously

I picture Poppy, James Baker et al, making deals while in the White House, on-our-dime (wasn't Poppy thought to be out-of-touch and not engaged with problems ... he didn't feel our pain, etc.? ... I suspect he was too busy preparing for the next coup with its corresponding profiteering - Main Feature: 'Now Showing')

... at first, Nixon's former Secty of Commerce, that Pete Peterson, headed up Blackstone (now, Stephen A Schwarzman, co-founder of the firm and Bu$h** Pioneer donor, does (http://www.altassets.com/news/arc/2004/nz6059.php; http://www.whitehouseforsale.org/ContributorsAndPaybacks/pioneer_profile.cfm?pioneer_ID=853);

and, at first, former Ray-gun Secty of Defense, Frank Carlucci, headed Carlyle (now, it's former IBM CEO Louis Gerstner, http://slate.msn.com/id/2081572/) ...

Carlucci and Peterson have been given new titles.

for consideration:

THE BLACKSTONE GROUP: Sightings from The Catbird Seat
http://www.the-catbird-seat.net/BlackstoneGroup.htm

The Carlyle Group: Birds That Drink From Cesspools
http://www.the-catbird-seat.net/CarlyleGroup.htm

"Two buyout funds, the Blackstone Group and the Carlyle Group, reportedly have joined forces in a $5 billion bid for TRW's automotive business."
http://waw.wardsauto.com/ar/auto_last_smart_airbags_2/

Bush/binLaden/Oil Newsletters and Posts
"The Carlyle Group, in turn, is owned and supervised by a worldwide reputed money laundry for World Government, the BLACKSTONE GROUP."
http://www.geocities.com/CapitolHill/Parliament/2398/posts2.html

Cover-Up: The Real Mission of the 911 Commission
"Peter G. Peterson, chairman of the CFR and the Federal Reserve Bank of New York announced that his Blackstone Group had purchased, in October 2000, the mortgage on 7 World Trade Center, the 47-story building built by Larry Silverstein in 1987. Silverstein is the person who obtained 99-year leases on the twin towers shortly before 9-11 and who insured the property and its future income against terrorism."
http://www.911dossier.co.uk/pen11.html

Voting Machines tied to Cheney & Carlyle Group
"VoteHere's board of directors includes former CIA director Robert Gates. VoteHere's Chairman is Admiral Bill Owens, who was senior military assistant to Secretaries of Defense Frank Carlucci and Dick Cheney. Carlucci, of course, now heads the Carlyle Group and Cheney is Vice President."
http://www.google.com/search?hl=en&q=carlyle+group+cheney+and+voting+machines
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 05:09 PM
Response to Reply #14
16. Thanks, I hadn't heard of Blackstone before...
...I'll check it out.

I don't know if most reading this followed the link I gave to my other post, So for those who didn't, Sungard Data is the Company who writes the Software that runs the Computer Traded NASDAQ Stock Exchange.

Something that should worry most people who believe stock markets should NOT be run by Global Corporations with a long history of what should be regarded as Organized Crime.:evilfrown:
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cosmicdot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 05:49 PM
Response to Reply #16
17. oh, my: 'Sungard Data...writes the Software that runs...NASDAQ..."
Edited on Tue Mar-29-05 05:51 PM by cosmicdot
in control of PROMIS software, the voting machines, NASDAQ/Wall St ... the corporate media ... the unHoly merger/Alliance of radical right-wing 'religion' and Corporate America's Boards of Directors (re: the CNP)... all 3 branches and, (what's-become-a-crucial-powerful position) most state secretaries of state in Radical Republican hands ... a Society distracted with media Bread & Circuses at every turn ... the destruction of the New Deal ... the destruction of church & state and other Founding Principles ... the dismissal of civility and decorum in public discourse and debate ... the ascendancy of Corporate Personhood over We the People ... rule by corrupt Good Ol'Boys ... a targeted Federal Court System ... a corporately-compromised 'opposition' party .... a media creation aka an illigimate/selected/couped d'etat pResident propped up by fake news and controlled scripts ...

... paging Nero ...


~keep hope alive~







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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 06:39 PM
Response to Reply #17
18. Here a story that might cheer you up a little
AIG's Greenberg to Retire This Week

Tue Mar 29, 2005 01:10 AM ET

NEW YORK (Reuters) - Maurice "Hank" Greenberg, who turned American International Group Inc. into a global insurance powerhouse, is stepping down as chairman this week as investigations into AIG's business practices mount.

After the U.S. Securities and Exchange Commission put 10 new possibly questionable transactions under scrutiny, AIG said late on Monday that former Nasdaq chairman and AIG board member Frank Zarb will assume the duties of chairman on March 30 or March 31 when Greenberg returns from a two-week trip to Asia and Europe. Greenberg, 79, took the reins of the company in 1967, transforming it from an obscure seller of life insurance overseas into a market leader with nearly $100 billion in revenue and 93,000 employees worldwide.

Greenberg, who had become the insurance industry's dean, had already stepped down as chief executive two weeks ago as AIG became the latest insurance company to face scrutiny by regulators looking into possible abusive practices.

The SEC has subpoenaed 12 executives of AIG in an expanding probe of the insurer, sources close to the case said on Monday. AIG declined to discuss the substance of the investigation. The SEC also declined to comment. Government investigators had focused initially on a deal done in 2000 involving New York-based AIG and General Re, a unit of Warren Buffett's Berkshire Hathaway Inc., that may have artificially boosted AIG's reserves, the sources said. But the SEC probe has since expanded to cover 10 other potentially questionable transactions and possible accounting errors valued at about $1 billion, the sources said.

(more at link above)
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cosmicdot Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-29-05 05:08 PM
Response to Original message
15. visiting the Carlyle Group via the Wayback Machine: circa Dec. 1998
Edited on Tue Mar-29-05 05:14 PM by cosmicdot
with its organizational set up and philosophy to have its players sitting on various corporate Boards of Directors, TCG must be tiptoeing around illegal interlocking directorates (the Clayton anti-trust act)
http://progressiveliving.org/interlocking_directorates_def.htm

from the Wayback Machine ... the Carlyle Group 12/2/1998
http://web.archive.org/web/19981202105525/http://www.thecarlylegroup.com/


Overview

The Carlyle Group is a private global investment firm, based in Washington, D.C., which originates, structures and acts as lead equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations and build-ups, and growth capital financings. Formed in 1987, The Carlyle Group has invested over $1.4 billion of equity in 50 transactions. The annualized return on these investments is in excess of 34%.

The firm currently has more than $2.6 billion of capital under management by separate teams dedicated to management-led buyouts and strategic minority investments, venture capital, real estate and European investment opportunities. The firm conducts its investment activities through focused industry groups which leverage the extensive operating, corporate and governmental experience of its partners.

Carlyle's extensive transaction experience and network of global partners is a source of corporate opportunities unparalleled in the private equity investment community. Our goal is a simple one -- to generate extraordinary investment returns, while maintaining our good name and the good name of our partners.

Carlyle's industry focus includes the following industries:

Aerospace Defense Electronics Telecommunications

Information Technology Healthcare Environmental Services Real Estate

~snip~


Carlyle Partners Leveraged Capital Fund I, L.P.

Carlyle Partners Leveraged Capital Fund I, L.P., was the first investment fund of The Carlyle Group. Started in 1990, with $100 million in commitments from leading domestic and international institutions, the Fund was invested in 14 transactions with an industry focus by Carlyle's investment professionals. An internal rate of return in excess of 31% was realized and the value of the fund quadrupled to over $400 million.

~snip~


Carlyle - Europe

In order to accommodate strong deal flow and major restructuring opportunities in Europe, The Carlyle Group has brought together a separate group of investment professionals to invest in the western European market. Combining the talents of European private equity investors with long and notable track records and veteran investors in the areas of Carlyle's investment expertise, the team is focused on transactions in several countries including France, Germany, the U.K., Switzerland, Italy, the Benelux, and Scandinavia.

Carlyle Europe draws on the advice of a board of distinguished businessmen and government leaders including former U.S. Secretary of State James A. Baker, III; former U.S. Secretary of Defense Frank C. Carlucci; Etienne Davignon, Chairman of Société Générale de Belgique; Reto Domeniconi, former General Manager of Nestle‚ and currently member of its Board; Fritz Gerber, Chairman of the Board and Chief Executive Officer of Hoffman - La Roche, Ltd.; Sir Denys Henderson, former head of I.C.I. and now Chairman of the Rank Group; Lord Geoffrey Howe, former British Chancellor of the Exchequer, Foreign Secretary and Deputy Prime Minister; Eberhard von Kuenheim, former CEO and now Chairman of the Supervisory Board of B.M.W.; Henri Martre, former Chairman of Aerospatiale; Karl-Otto Pöhl, former Chairman of the German Bundesbank; Peter Sjöstrand, former Chairman of the Board of Trygg Hansa; and Juan Villalonga, Chairman of Telefonica.

~snip~


Carlyle - Offset

The Carlyle Group is the official Advisor to the Saudi Economic Offset Program. In this capacity, Carlyle actively identifies, structures and helps implement viable joint venture in the Kingdom.

The Saudi Arabian Economic Offset Program

The Saudi Arabian Economic Offset Program (EOP) is an innovative investment program established in 1984 to help form profitable businesses in Saudi Arabia.

~snip~


Board Memberships

Due to our strong operations orientation and reputation, Carlyle's principals have been recruited to serve on a number of prominent corporate Boards of Directors with other distinguished members of the U.S. business community. Our participation on these boards provides us with access to the senior management of not only the respective companies, but also to the companies of all the other independent directors. A partial listing of such memberships follows.

The Aerostructures Corporation
Ashland, Inc.
Baker & Taylor, Inc.
BDM International, Inc.
CB Commercial Real Estate Group, Inc.
Elgar Electronics Corporation
Federal Data Corporation
GTS Duratek, Inc.
Genesis Cable Communications, L.L.C.
Howmet International, Inc.
InSight Health Services Corp.
International Technology Corporation
Kaman Corporation
LCC International, Inc.
Lear Siegler Services, Inc.
Neptune Communications Corporation
Neurogen Corporation
Nextel Communications
Northern Telecom Ltd.
PRA International, Inc.
Pharmacia & Upjohn, Inc.
The Quaker Oats Company
The Reilly Corp.
SWM Holdings, Inc.
Telcom Ventures, L.L.C.
Texas Biotechnology Corp.
Tracor Corporation
U. S. Office Products
United Defense Industries, Inc.
Westinghouse Electric Company

(not to mention the NYTimes ... and this list is 7 years old)

~snip~

R. K. Mellon Family

In addition to its own unique network of relationships, Carlyle directly benefits from the equally unique network of its minority owner, the Richard King Mellon Family. The R. K. Mellon Family is one of the nation's oldest and most respected investors and allows Carlyle to share in its substantial deal generating capacity. Among the companies which the R. K. Mellon Family helped found are The Mellon Bank, Gulf Oil, Alcoa, and First Boston. Currently the R. K. Mellon Family has extensive investments throughout the U.S. and international markets, as does the Richard King Mellon Foundation.


The Global Network

The sophisticated nature of Carlyle's over 100 global investors yields many non-competitive and strategic corporate acquisitions. Many of our transactions flow through a pipeline of global investors, each with a local geographic perspective. Carlyle considers the following premier private equity investors, among others, as investment partners with longstanding relationships:

American International Group ("AIG")
Bank of America
Bank Austria Bank
Indosuez
Bank of New York
Bankers Trust
Boeing
CalPERS
Champion International
Chase Manhattan
Citicorp
Credit Lyonnais
Credit Suisse
Dresdner Bank
Equitable Companies
Florida State Board of Administration
Gannett Company
General Motors Investment Management Corp.
Government of Singapore Investment Corp.
IKEA
Kuwait Investment Authority
Los Angeles County Retirement Association
Michigan Department of Treasury
NYNEX
NationsBank
Northrop Grumman Corp.
Northwestern Mutual Life
Pacific Telesis Group
Soros Capital
Swiss Reassurance Corp.
University of Chicago
University of Texas

In addition to the investors listed above, Carlyle's principals have established longstanding relationships with the leading families, endowments and individuals around the world including Europe, the Middle East, Asia and Latin America.

~snip~

http://makeashorterlink.com/?M3E5226CA (links to
http://web.archive.org/web/*/http://thecarlylegroup.com)



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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 10:09 AM
Response to Original message
19. kick to combine
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emad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 10:10 AM
Response to Original message
20. Carlyle raises $10bn to top buyout league
March 30, 2005

Times
By Tom Bawden



CARLYLE GROUP yesterday became the world’s biggest buyout firm after raising more than $10 billion (£5.4 billion) of new investment funds.
The private equity group, which is advised on European deals by John Major, the former Prime Minister, has raised $7.85 billion to invest in US companies through the world’s biggest buyout fund.

Carlyle, which owns QinetiQ, the defence and security technology company bought from the British Government, has raised an additional $2.2 billion to invest in Europe.

Private equity firms such as Carlyle typically finance more than three-quarters of their leveraged buyouts with bank debt, which means that the new funds will give it about $45 billion of spending power. This is equivalent to the market value of Tesco, or the combined capitalisations of Marks & Spencer, Wm Morrison, Reuters and Kingfisher, the owner of B&Q.

Jean-Pierre Millet, head of Carlyle’s European buyout team, said that the new funds would enable it to make acquisitions of up to $10 billion without the need of a co-investor. Just 18 months ago Carlyle would have been hard put to make a solo acquisition of $5 billion, he added.

http://www.timesonline.co.uk/newspaper/0,,172-1546940,00.html
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Up2Late Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-31-05 12:54 AM
Response to Reply #20
22. Holy Crap!
"Carlyle, which owns QinetiQ, the defence and security technology company bought from the British Government..."

They bought it FROM the British Government!:hurts:

We're DOOMED.:hide:
:nuke:
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hector459 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-30-05 10:46 AM
Response to Original message
21. A coouple of huge earthquakes and then what will they do?
When will workers in this country understand that no CEO has yet to suffer a pension failing but the common workers' money has paid their salaries and benefits while their own pension evaporate and no one is held accountable.
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