You mean businesses we can sue for invading our privacy. Businesses we pay fees to for our privacy. Businesses that have GUARANTEED our privacy under Federal Law. You mean those telephone and internet businesses?
Businesses like Carlyle Group?
Telecom & Media
Carlyle’s global network of telecommunications and media investment professionals spans both venture and buyout opportunities in North America, Europe and Asia.
Ford Motor Company yesterday announced it had completed the sale of The Hertz Corporation to a group of private equity firms composed of Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity. They purchased the equity of The Hertz Corporation in a transaction valued at approximately $15 billion including debt. Ford received $5.6 billion in cash for the sale of its 100 per cent holding in Hertz. and will recognize a pre-tax gain in the fourth quarter of 2005 estimated to be in the range of $1.1-$1.3 billion. Hertz operates the largest general-use car rental business in the world and one of the largest industrial, construction and material handling equipment rental businesses in North America, based on revenues. The roll of financial advisors for the investor group in the transaction included Deutsche Bank AG, Lehman Brothers, Inc., Merrill Lynch and Co. Inc., The Goldman Sachs Group, Inc., JP Morgan Case Co., BNP Paribas, Royal Bank of Scotland Group PLC and Calyon.
KKR Plays Catch-Up With Warburg, Carlyle in Asian Asset Fight
Dec. 20 (Bloomberg) -- Kohlberg Kravis Roberts & Co., the firm that engineered the biggest-ever leveraged buyout, is now racing to catch up with rivals in the fight for Asian assets.
KKR opened a Hong Kong branch in September, seven months after co-founder Henry Kravis said in an interview at a Frankfurt conference that he had no plans to establish an office in Asia.
Buyout funds are targeting banks, insurers and computer- related companies in India and China as incomes rise in the world's most populous nations and local business owners court overseas investors. Firms such as Warburg Pincus LLC and Carlyle Group invested $10.1 billion in Asia in the nine months to Sept. 30, up 40 percent from a year earlier, according to the Center for Asia Private Equity Research Ltd. in Hong Kong.
``It's difficult to tell investors why you're not here in Asia,'' says Vincent Fan, 57, a Hong Kong-based partner at Capital Z Investment Partners LLC, which manages $2.3 billion in buyout and hedge funds. ``In the last two years, you've seen returns in the multiples of two-to-three, to six times.''
Carlyle picks up a quarter stake in Pacific Life
BEIJING, Dec. 20 -- US buyout firm Carlyle Group said yesterday it agreed to buy a quarter of China Pacific Life Insurance Co, making the deal the biggest private equity investment on China's mainland.
Carlyle Group signed an agreement to buy a 3.3 billion yuan (US$408.7 million) stake in China Pacific Life Insurance Co (CPIC) on December 19, 2005. [newsphoto]Carlyle and Prudential Financial Inc, the third-largest US life insurer, will pay a combined 3.3 billion yuan (US$409 million) for a 24.975 percent of the mainland's No. 3 life insurer, according to a corporate statement. The statement didn't specify the investment amount from each company.
China Pacific Insurance (Group) Co, the Chinese insurer's parent, will also inject 3.3 billion yuan into the venture, the statement said.
CPIC Life gets US$815m from investors(Xinhua)Updated: 2005-12-19 16:41
China Pacific Insurance (Group) Co., Ltd. (CPIC Group) and U.S.-based Carlyle Group signed an agreement Monday to inject 6.6 billion yuan (815 million US dollars) into China Pacific Life Insurance Co. Ltd. (CPIC Life), a subsidiary of CPIC Group.
After the injection, Carlyle, a global private equity firm, together with its strategic investor, U.S.-based Prudential Financial Inc., will hold a 24.975 percent stake in CPIC life, China's third largest life insurer.
The injection of 3.3 billion yuan from the Carlyle partnership is the largest private equity investment in China to date.
Wang Guoliang, Chairman of CPIC life said that the agreement with Carlyle will dramatically accelerate CPIC Life's expansion plans and its participation in the world's fastest growing life insurance market.
Currently, CPIC Life has an 11 percent share in the China market, of which the country's top three players combined have over 80 percent.
It testifies to the maturing investment and regulatory environment in China and to the government's commitment to financial reform, said Yang Xiangdong, Managing Director and Co-head of the Carlyle Asia Buyout Group.
The transaction is considered a significant move for the CPIC Group to become a financial holding company.
The agreement follows the approval by the Chinese Insurance Regulatory Commission (CIRC), China's insurance watchdog. The transaction, which has gained overwhelming approval from shareholders of the CPIC Group in October, is expected to close within a month.
After the transaction, Carlyle will nominate a new management team in CPIC life.
This is Carlyle's second major investment in China in the past two months.
Carlyle signed a definitive agreement to acquire an 85 percent stake in Xugong Group Construction Machinery Co. Ltd., China's leading construction machinery manufacturer, for 375 million US dollars this October.
Carlyle is a global private equity firm with 35 billion US dollars under its management.
