Carlyle Group Raises $3.1 Billion for Third Europe Buyout Fund- by Brett Cole and Miles Weiss - Should Europe be aware?
Carlyle Group , the Washington-based private-equity firm, has raised $3.1 billion (2.4 billion euros) to invest in buyouts in Europe. Carlyle plans to raise as much as $5.9 billion for Carlyle European Partners III, a Jan. 2 filing with the U.S. Securities and Exchange Commission said. Investors must each commit at least $13.2 million. The firm raised a 1.8 billion euro fund in 2005. The new fund may exceed the 4.5 billion euros that New York- based competitor Kohlberg Kravis Roberts & Co. amassed for European deals last year. Carlyle, led by David Rubenstein, is raising its latest fund after the value of buyouts in Europe rose to a record $200 billion last year compared with $120 billion in 2005, data compiled by Bloomberg show. Carlyle was part of a group that bought Dutch publisher VNU NV for 7.6 billion euros in July.
The Carlyle group has been closely connected with the Bush family.
On Wednesday, October 31, 2001 Oliver Burkeman and Julian Borger wrote in the Guardian: " It is hard to imagine an address closer to the heart of American power. The offices of the Carlyle Group are on Pennsylvania Avenue in Washington DC, midway between the White House and the Capitol building, and within a stone's throw of the headquarters of the FBI and numerous government departments. The address reflects Carlyle's position at the very center of the Washington establishment, but amid the frenetic politicking that has occupied the higher reaches of that world in recent weeks, few have paid it much attention. Elsewhere, few have even heard of it...But since the start of the "war on terrorism", the firm - unofficially valued at $13.5bn - has taken on an added significance. Carlyle has become the thread which indirectly links American military policy to the personal financial fortunes of its celebrity employees, not least the current president's father. And, until earlier this month, Carlyle provided another curious link to the Afghan crisis: among the firm's multi-million-dollar investors were members of the family of Osama bin Laden." For additional information click on this link
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