All articles tagged with #carlyle group
Originally Published 11 days ago — by Bloomberg.com
A fatal train collision near Machu Picchu involving trains operated by PeruRail and Inca Rail, in which LVMH and Carlyle Group hold stakes, resulted in one death and multiple injuries, raising concerns over safety and the involvement of major global investors in Peru's tourism infrastructure.
Originally Published 3 months ago — by Bloomberg.com
Carlyle Group has released its own estimates indicating only 17,000 jobs were created in September, suggesting a weaker US labor market amid conflicting private data and a government shutdown that delayed official employment reports. Despite this, other economic indicators point to a resilient, though cooling, US economy, with broader inflation and GDP growth remaining stable. The discrepancy between employment data and other economic signals highlights uncertainty in the current economic outlook.
Originally Published 6 months ago — by NBC Sports
The NFL Players Association is defending its executive director Lloyd Howell amid concerns over his potential conflicts of interest due to his work with The Carlyle Group, a private equity firm with ties to the NFL, raising questions about his impartiality and the union's transparency.
Originally Published 6 months ago — by ESPN
NFL Players Association executive director Lloyd Howell Jr. is working as a part-time consultant for The Carlyle Group, a private equity firm approved to invest in NFL franchises, raising concerns about potential conflicts of interest given his leadership role in the union and his outside financial interests. Despite union advisories and scrutiny, Howell continues his dual roles, prompting investigations and questions about conflicts of interest in NFL franchise investments.
Originally Published 1 year ago — by Star Tribune
The Carlyle Group has decided not to proceed with providing structural financing to Alex Rodriguez and Marc Lore as they attempt to finalize their purchase of the Minnesota Timberwolves and Lynx from Glen Taylor. The $1.5 billion acquisition was set to close by the end of March, with Lore and Rodriguez owning 40% of the team and on track to assume 80% ownership. The deal with Carlyle would have aided their next payment, but the investment needed approval from the NBA, which was not reached during negotiations. Despite this setback, Rodriguez and Lore still plan to come through with their final 40% installment and complete their purchase of the Wolves.
Originally Published 1 year ago — by Sportico
The Carlyle Group is no longer financing Marc Lore and Alex Rodriguez's acquisition of the Minnesota Timberwolves, just weeks before the purchase deadline. Talks with the NBA regarding the investment ended without agreement on a structure. Timberwolves majority owner Glen Taylor revealed issues surrounding $300 million of financing, and Lore and Rodriguez are now seeking new funding sources. Despite this setback, they remain on schedule to close the deal by the end of the month, pending NBA approval.
Originally Published 1 year ago — by Baltimore Sun
David Rubenstein, co-founder of Carlyle Group and one of the wealthiest individuals, has long desired to own the Baltimore Orioles, a dream that is now close to fruition with a $1.725 billion deal pending MLB approval. Known for his philanthropy and business acumen, Rubenstein is expected to bring a strategic and hands-off approach to ownership. His love for baseball, roots in Baltimore, and extensive philanthropic contributions paint a picture of a serious, driven, and studious individual with a passion for making a transformative impact on the world.
Originally Published 2 years ago — by Deadline
Katy Perry has sold her music catalog, including all five of her studio albums and 16 multi-platinum singles, to Litmus Music, a venture co-founded by Capitol Records president Dan McCarroll and financed by The Carlyle Group, for a reported $225 million. The deal marks a partnership between Litmus and Perry, with McCarroll expressing his honor to work with her again. Litmus Music's CEO described Perry's songs as an essential part of global culture, while Carlyle expressed gratitude for the opportunity to collaborate with such a trusted partner. Perry's albums covered in the deal were released between 2008 and 2020, with Universal Music Group retaining ownership of the masters.
Originally Published 2 years ago — by Yahoo Finance
David Rubenstein, co-founder of the Carlyle Group, has shared his regrets about missed investment opportunities, including selling a stake in Amazon prematurely and passing on investments in Facebook and Netscape. Rubenstein co-founded the private equity firm in 1987, which now boasts $373bn in assets under management. Despite his investing misses, Rubenstein has had a decorated career as a philanthropist, powerbroker, and show host who has interviewed some of the world's top leaders.