Carlyle Aviation to write off $40 mn of SpiceJet's lease arrears
India's SpiceJet said on Tuesday that Carlyle Group's commercial aviation investment and servicing unit will write off $40.2 million of the airline's lease arrears and convert $30 million of its arrears into equity. The conversion, at 100 rupees ($1.19) per share of SpiceJet, is a 56% premium to its close on ......
Carlyle hires former Bajaj Electricals CEO to help improve portfolio firms’ performance
Private equity firm Carlyle has appointed Anuj Poddar, the former CEO of Bajaj Electricals, in the newly created role of co-head of Global Portfolio Solutions (GPS) for Asia, with a focus on India and Southeast Asia. Poddar will be based in Mumbai and work closely with Carlyle Asia’s country investment advisory ......
Carlyle to sell stake of up to $1.2 bn in Hexaware IPO
Carlyle Group affiliate, CA Magnum Holdings, plans to sell shares worth 99.5 billion rupees ($1.2 billion) in the upcoming IPO of Hexaware Technologies, according to draft papers filed on Friday. The U.S.-based private equity giant acquired a controlling stake in the Indian company in 2021, a year after Hexaware was taken private ......
Carlyle's Q2 profit falls 11.7%, misses estimates
Private equity firm Carlyle Group reported a larger-than expected 11.7% year-on-year drop in second-quarter distributable earnings on Monday, as record revenue from management and transaction fees did not offset a big drop in performance fees. The decline was due to Carlyle generating less cash from asset sales. This resulted in smaller ......
Grapevine: Carlyle-backed Varmora eyes funding; Axis Cap appoints new ECM head
Sanitaryware maker Varmora Granito, backed by Carlyle Group, is seeking to raise $100-150 million (Rs 836-1,254crore) in a pre-IPO round, valuing the company at nearly $600 million, a media report said. The fundraising will include both primary and secondary investments from private equity investors, with significant interest from funds such as GIC and ......
Grapevine: Nomura joins race for Avendus; Adani Wilmar owners to pare stake
Nomura, Japan's largest investment bank, has entered the race to acquire Indian investment bank Avendus, shifting from its role as an advisor to a potential bidder, a media report said. The sale has drawn interest from Japan’s Mizuho and the US buyout firm Carlyle. KKR, which holds a 63% stake, is seeking a valuation of Rs ......
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