Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

THE CARLYLE GROUP INC.

(CG)
  Report
Real-time Estimate Cboe BZX  -  12:45:56 2023-02-03 pm EST
37.69 USD   -0.20%
02/02Carlyle in talks to hire ex-Goldman exec Schwartz as CEO - reports
RE
02/02Carlyle in talks to hire ex-Goldman exec Schwartz as CEO - Semafor
RE
02/01Carlyle : serves as Administrative Agent, Joint Lead Arranger and Bookrunner on the Senior Debt Financing of Apex Companies
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Carlyle raises more than $3 billion to invest in European tech

11/28/2022 | 04:30am EST
FILE PHOTO: The logo of The Carlyle Group is displayed at the company's office in Tokyo

FRANKFURT (Reuters) - U.S. buyout firm Carlyle Group has raised more than three billion euros ($3.12 billion) for a pan-European technology fund that is taking advantage of "pockets of life" in the economy, the co-heads of Carlyle Europe Technology Partners told Reuters.

Focused on lower mid-market and growth technology companies across Europe, the fund, called CETP V, has exceeded its 2.5 billion euro target in less than a year of fundraising, more than doubling the size of the previous fund CETP IV.

With an average investment horizon of five years, it is targeting areas such as cybersecurity, digital transformation and cleantech, as well as software applications for financial services, healthcare and infrastructure, Michael Wand and Vladimir Lasocki said.

Lasocki said there were opportunities in less impacted private markets, despite the plunge in tech valuations and a broad tech selloff in public markets following the pandemic and crisis caused by the Ukraine war.

Carlyle aims to invest in approximately 20-30 companies through the new fund and in most cases will buy a majority stake.

It will, however, reserve about 15% of the fund for growth equity transactions, Wand and Lasocki said.

The fund will write equity cheques of up to 250 million euros, resulting in deals from between 100 million euros and 500 million euros in enterprise value, they said.

Targeting B2B technology businesses in Europe, Carlyle will support portfolio firms with plans to become more international, for example breaking into the U.S. market.

It will also work with the companies to upgrade management teams and accelerate growth via M&A transactions, the co-heads said.

The fund already already has two investments - Euro Techno Com Group (ETC) a value-added distributor of telecoms equipment which it sold to Cinven in June, rolling on a minority stake into its new fund, and digital marketing agency Incubeta, which it acquired earlier this month.

($1 = 0.9625 euros)

(Reporting by Emma-Victoria Farr, editing by Barbara Lewis)

By Emma-Victoria Farr


ę Reuters 2022
All news about THE CARLYLE GROUP INC.
02/02Carlyle in talks to hire ex-Goldman exec Schwartz as CEO - reports
RE
02/02Carlyle in talks to hire ex-Goldman exec Schwartz as CEO - Semafor
RE
02/01Carlyle : serves as Administrative Agent, Joint Lead Arranger and Bookrunner on the Senior..
PU
02/01News Highlights: Top Financial Services News of the Day
DJ
02/01Global Consumer Acquisition Corp. cancelled the acq..
CI
01/31North American Morning Briefing: Stocks Seen Down -2-
DJ
01/31European Midday Briefing: Mood Dampens Ahead of -2-
DJ
01/31Uniphar plc (ISE:UPR) completed the acquisition of McCauley Health & Be..
CI
01/25Credit Suisse Raises Carlyle Group's Price Target to $41.50 From $36, Keeps Outperform ..
MT
01/25Oppenheimer Adjusts The Carlyle Group's Price Target to $61 From $60, Maintains Outperf..
MT
More news
Analyst Recommendations on THE CARLYLE GROUP INC.
More recommendations
Financials (USD)
Sales 2022 4 385 M - -
Net income 2022 1 416 M - -
Net Debt 2022 243 M - -
P/E ratio 2022 9,49x
Yield 2022 3,43%
Capitalization 13 730 M 13 730 M -
EV / Sales 2022 3,19x
EV / Sales 2023 3,18x
Nbr of Employees 1 850
Free-Float 66,1%
Chart THE CARLYLE GROUP INC.
Duration : Period :
The Carlyle Group Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE CARLYLE GROUP INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 37,76 $
Average target price 41,90 $
Spread / Average Target 11,0%
EPS Revisions
Managers and Directors
William E. Conway Non-Executive Co-Chairman & CEO
Liz Dominick Vice President
Curtis L. Buser Chief Financial Officer
David M. Rubenstein Non-Executive Co-Chairman
Michael Haas Chief Information Officer
Sector and Competitors
1st jan.Capi. (M$)
THE CARLYLE GROUP INC.22.19%13 730
BLACKSTONE INC.31.03%71 049
KKR & CO. INC.24.97%49 953
APOLLO GLOBAL MANAGEMENT, INC.13.69%41 290
LEGAL & GENERAL PLC4.13%18 909
FRANKLIN RESOURCES, INC.28.20%16 922