The Carlyle Group L.P. (CG)
After hours:
- Reuters
Carlyle in talks to buy health tech firm Cotiviti for $15 billion - source
The private equity firm is looking to partner with another investment firm to pull off the deal, and is also in talks with direct lenders to arrange $5.5 billion of debt financing, according to the person. If the arrangement goes through, that would be one of the largest ever direct loans, or non-bank buyout loans arranged in the private credit market, according to Bloomberg News, which first reported on the talks.
- Bloomberg
Carlyle In Talks to Buy Veritas’s Cotiviti for Up to $15 Billion
(Bloomberg) -- Private equity firm Carlyle Group Inc. is in talks to buy health-care technology firm Cotiviti Inc. for close to $15 billion, including debt, from Veritas Capital, according to people familiar with the matter. Most Read from BloombergMeta Asks Many Managers to Get Back to Making Things or LeaveQuake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTrump Charges in Georgia Over 2020 Could Lead to Bigger Fed CasePowell Says Further Rate Hikes Needed and Markets Take HeedWall St
- Reuters
Carlyle welcomes new CEO Schwartz with steep drop in earnings
NEW YORK (Reuters) -Carlyle Group Inc said on Tuesday that its fourth-quarter distributable earnings tumbled 52% year-on-year, as the private equity firm cashed out on fewer investments as dealmaking slowed. The decline was steeper than the 41% decline reported last month by peer Blackstone Group Inc and sets a challenging backdrop for former Goldman Sachs Inc president Harvey Schwartz, who Carlyle unveiled as its new chief executive officer on Monday. Schwartz, who starts the job on Feb. 15, is tasked with revitalizing Carlyle's stock price, which has underperformed Blackstone and other rivals such as Apollo Global Management Inc and KKR & Co Inc.
