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By Hanah Cho, The Baltimore Sun | December 13, 2010
Baltimore money manager Legg Mason announced Monday the hiring of Peter "Pete" H. Nachtwey as its new chief financial officer. Nachtwey joins the company from private equity firm The Carlyle Group, where he also served as its chief financial officer. Nachtwey replaces C.J. Daley, a 22-year veteran of Legg who left in July for a senior position at a privately held asset manager on the West Coast. Nachtwey also will be a member of Legg's executive committee and will report to Chairman and Chief Executive Officer Mark R. Fetting.
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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 24, 2013
A Wednesday bankruptcy filing by Synagro Technologies Inc. means growth and new jobs for the Baltimore area as the waste recycler consolidates its headquarters in White Marsh. The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said Wednesday that it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455 million deal. The company filed for a Chapter 11 reorganization of its debts in U.S. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months.
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BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 24, 2013
A Wednesday bankruptcy filing by Synagro Technologies Inc. means growth and new jobs for the Baltimore area as the waste recycler consolidates its headquarters in White Marsh. The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said Wednesday that it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455 million deal. The company filed for a Chapter 11 reorganization of its debts in U.S. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months.
BUSINESS
By Hanah Cho, The Baltimore Sun | December 13, 2010
Baltimore money manager Legg Mason announced Monday the hiring of Peter "Pete" H. Nachtwey as its new chief financial officer. Nachtwey joins the company from private equity firm The Carlyle Group, where he also served as its chief financial officer. Nachtwey replaces C.J. Daley, a 22-year veteran of Legg who left in July for a senior position at a privately held asset manager on the West Coast. Nachtwey also will be a member of Legg's executive committee and will report to Chairman and Chief Executive Officer Mark R. Fetting.
BUSINESS
By Meredith Cohn and Meredith Cohn,Sun reporter | July 6, 2007
ARINC, the Annapolis company that has been the primary provider of communications technology to the nation's airlines for nearly 80 years, announced yesterday that it is being sold to the Carlyle Group. The company, primarily owned by the six largest U.S. airlines, has been looking for an infusion of equity for the past year to finance technology development and rapid growth. Officials said yesterday that the giant private equity firm in Washington was just what ARINC was looking for. The deal will provide some needed cash for ARINC's airline owners and continue a monthlong buying spree for Carlyle that includes deals for General Motors' Allison Transmission unit and nursing home operator Manor Care Inc., as well as an offer to buy British telecom company Virgin Media.
ENTERTAINMENT
By Mary Carole McCauley, The Baltimore Sun | June 13, 2010
By his own calculations, David Rubenstein, the Baltimore-born businessman and philanthropist, has just a couple of short decades left to make his mark on the planet. "I'm 60 now," Rubenstein says." "I'm running out of time. The average white man my age can expect to live to age 81, and before I die, I'd like to make an impact on the world. I'd like to have been truly transformative in at least one area." The sense of urgency is striking, if somewhat puzzling. Rubenstein is the son of a postal carrier and homemaker who grew up in a blue-collar enclave in Northwest Baltimore.
BUSINESS
September 6, 2008
Appointments * Shirley Bigley LaMotte of Baltimore Reads Inc. has been appointed to the Baltimore City Workforce Investment Board by Mayor Sheila Dixon. On the board * Robert E. Grady, a partner in the Carlyle Group, has been named to the board of directors of Rockville-based The Symbio Group. Openings * Bukowski Public Relations has opened in Bel Air. The new agency will focus on providing communications and public relations services to small to midsize companies in the Baltimore-Washington market.
BUSINESS
By New York Times News Service | March 11, 2008
LONDON -- The Carlyle Group's troubled mortgage-debt investment fund, Carlyle Capital, said yesterday that it had asked lenders to halt further liquidation of collateral worth as much as $16 billion while the two sides discuss ways to repay the debt. The fund, which invests mainly in triple-A rated mortgage securities issued by Fannie Mae and Freddie Mac, has received $400 million in margin calls, and some lenders started to liquidate collateral for $5 billion in debt. Banks are asking for their money back amid concerns the economic climate may deteriorate further.
BUSINESS
By New York Times News Service | March 14, 2008
LONDON -- Shares of Carlyle Capital plunged yesterday, losing most of their value, after the company said it expected its lenders to promptly take over all its assets after discussions with banks to refinance the fund failed. Carlyle Capital, an affiliate of the Carlyle Group, the Washington, D.C., private equity fund, said it "has not been able to reach a mutually beneficial agreement to stabilize its financing." Carlyle Capital's shares fell more than 70 percent yesterday on the Euronext exchange in Amsterdam, the Netherlands.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | July 21, 1995
First Fidelity Bancorp. has shed more than $50 million of commercial real estate loans and assets formerly belonging to Baltimore Bancorp to help brighten its balance sheet, the company confirmed.The Lawrenceville, N.J.-based banking company auctioned the loans and properties to four different buyers at the end of June. Many of the properties had been seized by the Bank of Baltimore through foreclosure, in the wake of the collapse of the region's real estate market in 1990."This was simply a typical action we take after acquiring a bank," said Barbara Nate, a First Fidelity spokeswoman.
BUSINESS
By Meredith Cohn and Meredith Cohn,Sun reporter | July 6, 2007
ARINC, the Annapolis company that has been the primary provider of communications technology to the nation's airlines for nearly 80 years, announced yesterday that it is being sold to the Carlyle Group. The company, primarily owned by the six largest U.S. airlines, has been looking for an infusion of equity for the past year to finance technology development and rapid growth. Officials said yesterday that the giant private equity firm in Washington was just what ARINC was looking for. The deal will provide some needed cash for ARINC's airline owners and continue a monthlong buying spree for Carlyle that includes deals for General Motors' Allison Transmission unit and nursing home operator Manor Care Inc., as well as an offer to buy British telecom company Virgin Media.
NEWS
May 3, 2002
IT'S AN $11 billion howitzer that would have been useful if the Soviet Union had survived into the 21st century and embarked on an invasion of West Germany. It's a 42-ton piece of armor that can go just about anywhere as long as there isn't a bridge involved - and it doesn't have to go fast. It's the darling of United Defense Industries, which is owned by the Carlyle Group, which includes among its paid "advisers" former Secretary of State James Baker, former British Prime Minister John Major and former President George H.W. Bush.
BUSINESS
By Meredith Cohn and Meredith Cohn,SUN STAFF | December 4, 2004
Air Cargo Inc., an Annapolis freight logistics company partly owned by the Carlyle Group, said yesterday that it planned to immediately cease some operations and file for Chapter 11 bankruptcy reorganization early next week. Anne Arundel County officials said that 60 of the company's 80 workers are expected to lose their jobs. The privately held company was created in 1941 to move ground freight and provide management services. Today it is partly owned by 17 commercial airlines and has expanded its services to 70 clients, including domestic and international airlines and other companies.
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