New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 17, 2014
07:09 EDTCG, SCBFFCarlyle, Bain eye Standard Chartered Hong Kong unit, Reuters says
Standard Chartered (SCBFF) has received first-round bids from Carlyle Group (CG) and Bain Capital for its Hong Kong consumer finance unit, PrimeCredit, which sources have said could fetch between $500M-$700M, according to Reuters. Reference Link
News For CG;SCBFF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
06:17 EDTSCBFFStandard Chartered Hong Kong temporarily suspends certain branches
Standard Chartered Bank Hong Kong announced that some of the banking services, including over-the-counter services, check deposit service, ATMs and cash and deposit machines, will be temporarily suspended until further notice due to situations in certain areas. The bank has activated its contingency plan to ensure continuous provision of services to customers. Customers who would like to carry out banking transactions during the period please proceed to Standard Chartered branches in other locations. Customers can also perform banking transactions via mobile and online banking. Reference Link
September 26, 2014
11:35 EDTCGCarlyle Group to acquire majority interest in six power plants in Georgia
Carlyle Group announced it has agreed to acquire 75.05% of the outstanding interests and operational control of Southeast PowerGen, a portfolio of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore's sovereign wealth fund. Equity capital for the transaction, terms of which were not disclosed, will come from Carlyle Power Opportunities Capital Partners L.P. and Carlyle Power Partners II L.P. The acquisition increases the size of Carlyle’s power generation portfolio to more than 4,300 MW. Southeast PowerGen, presently owned by a consortium of ArcLight Capital Partners, GIC and GE Energy Financial Services, consists of two natural gas-fired combined-cycle power generation facilities and four natural gas-fired peaking facilities totaling 2,815 MWs.
September 25, 2014
18:05 EDTCGCarlyle Group to pay $115M in collusion suit settlement, Reuters says
Carlyle Group is settling a lawsuit that alleged it colluded with other buyout shops to depress deal prices for $115M, says Reuters. The settlement will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm, added Reuters, citing sources. Reference Link
September 23, 2014
13:39 EDTCGGIC in talks with Carlyle over possible GBP 2B takeover of RAC, Sky News says
The Government Investment Corporation of Signapore, or GIC, is in talks with the Carlyle Group over a potential takeover of its RAC division, a roadside assistance company, SkyNews reports, citing a person close to the situation. The deal would be valued at more than GBP 2B, and the deal could occur within days, Sky News added. CVC Capital Patners has also expressed interest in buying the RAC unit from Carlyle. A takeover of RAC would end its prospects of becoming a publicly traded company. The board of RAC will meet in the coming days to decide whether the division should go through with an IPO or pursue a sale of the business, Sky News added, citing an insider. GIC would consider taking a minority stake in RAC before its IPO if it decides to go public, the insider added. Reference Link
07:08 EDTSCBFFStandard Chartered in discussions to sell division to Pepper, Reuters says
Subscribe for More Information
September 22, 2014
08:54 EDTCGCarlyle aims to divest shares in oil-unloading system, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use