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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:10 EDTCGOrtho-Clinical Diagnostics, Astute Medical to develope acute kidney injury tests
Ortho-Clinical Diagnostics announced it has entered into a strategic partnership with Astute Medical, under which OCD will become the exclusive commercial partner for the distribution of Astute’s NEPHROCHECK Test and ASTUTE140 Meter in certain markets in Europe and, pending FDA clearance, the United States. On June 30, OCD became an independent, stand-alone diagnostics company with a renewed commitment to expand market reach with differentiated platforms and menus to better serve lab customers. Under the agreement, OCD also receives a semi-exclusive license to develop, manufacture and sell the NEPHROCHECK Test for use on its VITROS line of automated, high-volume testing platforms. In addition, as part of this strategic agreement, OCD has made a $15M equity investment in Astute Medical. Astute will be responsible for manufacturing the Astute NEPHROCHECK Test for use on the ASTUTE140 Meter in all markets and will collaborate with OCD on the sale of the NEPHROCHECK Test.
News For CG From The Last 14 Days
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August 30, 2015
21:43 EDTCGCarlyle Group explores sale of Landmark Aviation for $1.7B, Reuters says
Carlyle Group has been exploring a sale of Landmark Aviation in a deal that could be valued as high as $1.7B, Reuters reported Friday, citing people familiar with the matter. Sources said Carlyle initially considered a public listing, but began considering an outright sale over the last few months. Reference Link
August 28, 2015
07:31 EDTCGCarlyle in takeover talks with Innovation Group, Sky News reports
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06:56 EDTCGCarlyle has little luck with hedge funds, WSJ reports
Carlyle Group has often seen the hazards of running hedge funds, with its Carlyle Capital fund becoming a harbinger for the 2008 financial crisis and its Blue Wave Partners hedge fund ending abruptly a few months later, the New York Times says. As recently as last week, the company announced that its credit-focused hedge fund Claren Road Asset Management faced roughly $2B in investor redemption requests, the report says. Though the company makes money in its core buyout business as well as in other areas, its track record with hedge funds has been murky at best, the report says. Reference Link
August 25, 2015
06:16 EDTCGKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 21, 2015
07:36 EDTCGKKR, Affinity teaming up to bid for Tesco's South Korean unit, Reuters reports
KKR (KKR) is teaming up with Affinity Equity Partners to bid for Tesco's (TSCDY) South Korean unit, Reuters reports, citing sources. Another bidder, Carlyle (CG), is teaming up with Singapore's GIC, the sources say. The Tesco unit is valued at about $6B. Reference Link
August 20, 2015
18:59 EDTCGGoogle, Amazon, private equity compete for Indian data center unit, ET says
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August 18, 2015
06:53 EDTCGPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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August 17, 2015
17:20 EDTCGCarlyle Group sees Q3 impairment charge of $100M-$175M
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17:15 EDTCGCarlyle Group's Claren Road seeing withdrawals of 48% of assets, Bloomberg says
According to a person with knowledge of the matter, investors in Carlyle Group's Claren Road Asset Management asked to withdraw about 48% of the hedge fund's $4.1B in assets following losses this year, Bloomberg reports. Reference Link
14:55 EDTCGCarlyle Group's Claren Road seeing withdrawals of 48% of assets, Bloomberg says
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