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Stock Market & Financial Investment News

News Breaks
July 23, 2014
08:01 EDTBX, CGBlackstone acquires majority stake in Service King Collision Repair Centers
Service King Collision Repair Centers announced a partnership with private equity funds controlled by Blackstone (BX) to recapitalize one of the largest independent U.S. chains of automobile body repair centers. The Carlyle Group (CG) together with its co-investors and the management and employees of Service King will retain a significant minority stake in the company. Terms of the transaction, which is expected to close during Q3, were not disclosed.
News For BX;CG From The Last 14 Days
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September 15, 2014
13:22 EDTCGCarlyle Group acquires two Florida Keys hotels
Carlyle Group announced the acquisition of two Florida Keys hotels in Islamorada, the Postcard Inn Beach Resort at Holiday Isle and La Siesta Resort. The two hotels join the Islamorada Resort and Pelican Cove Resort & Marina in Carlyle's Islamorada hotel portfolio. The four properties will form the newly created Islamorada Hotel Company and be managed by Trust Hospitality. Equity for the transactions comes from Carlyle Realty Partners VII, a $2.34B U.S. real estate fund. Carlyle plans approximately $18M in renovations to the Postcard Inn and La Siesta. Major guestroom and common area renovations are scheduled to be completed in November. Islamorada Resort was acquired by Carlyle in February and is currently undergoing interior and exterior renovations. The resort will re-launch as a boutique upscale hotel at the end of 2014 under the new name of Amara Cay Resort.
08:28 EDTCGCarlyle in talks to acquire up to 75% stake in India's Famy Care, Reuters says
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September 12, 2014
12:33 EDTBXBlackstone, Bain speak to banks on possible Weather Channel sale, Bloomberg says
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09:21 EDTBXBlackstone to sell 260 Burger King locations, Bloomberg says
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September 11, 2014
19:53 EDTCGCCMP Capital to acquire stake in PQ Corporation from The Carlyle Group
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September 8, 2014
06:00 EDTCGCarlyle Group closes Carlyle Asia Partners IV fund
Carlyle Group announced the final close of Carlyle Asia Partners IV at $3.9B, more than 50% larger than its predecessor fund CAP III. Carlyle’s Asia buyout funds make control and significant minority investments in well established companies across the Asia ex-Japan region. The final close of CAP IV, which exceeded its target of $3.5B, brings the firm’s assets under management in Asia funds, including Japan, to $13.6B across its buyout, growth, RMB and real estate funds. Reference Link
September 4, 2014
13:56 EDTCGGetty Images files lawsuit against Microsoft over photo tool, Reuters reports
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06:34 EDTBXBlackstone pledges $200M to Brown's Arkkan Capital, Bloomberg says
Blackstone (BX) pledged $200M to Arkkan Capital Management, a firm that is supervised by Jason Brown, who is the former leader of Goldman Sach's (GS) Global Special Situations Group, according to Bloomberg, citing a person with knowledge of the matter. Reference Link
September 3, 2014
06:35 EDTCGJPMorgan in talks to sell oil-supply agreement to Bank of America, WSJ says
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September 2, 2014
07:27 EDTCGAkzoNobel pitched Carlyle $7B coatings unit, Bloomberg says
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