Carlyle Prices Offering of $400 Million in Preferred Units, carlyle finance.#Carlyle #finance


YahooFinance

Carlyle Prices Offering of $400 Million in Preferred Units

WASHINGTON, Sept. 06, 2017 (GLOBE NEWSWIRE) — Global alternative asset manager The Carlyle Group L.P. (CG) (“Carlyle”) today announced the pricing of a $400 million offering of 16,000,000 of its 5.875% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. The offering is expected to close on September 13, 2017, subject to satisfaction of customary closing conditions.

Carlyle intends to use the net proceeds from the sale of the Series A Preferred Units for general corporate purposes.

Distributions on the Series A Preferred Units, when and if declared by the board of directors of Carlyle’s general partner, will be paid quarterly and are non-cumulative.

Carlyle intends to apply to list the Series A Preferred Units on the Nasdaq under the symbol “TCGP”.

Morgan Stanley Co. LLC, Merrill Lynch, Pierce, Fenner Smith Incorporated, UBS Securities LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Barclays Capital Inc. and Goldman Sachs Co. LLC are acting as co-managers for the offering.

The offering of these securities is being made pursuant to an effective shelf registration statement. This offering will be made only by means of a prospectus. A copy of the prospectus, when available, may be obtained from (1) Morgan Stanley Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, by phone at (866) 718-1649, or e-mailing: [email protected], (2) Merrill Lynch, Pierce, Fenner Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, by phone at 1-800-294-1322 or by emailing: [email protected], (3) UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, by phone at (888) 827-7275, (4) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, by phone at 1-800-645-3751 or by emailing: [email protected] or (5) J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, by phone at (212) 834-4533.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Carlyle Group (CG) is a global alternative asset manager with nearly $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense government services, consumer retail, energy, financial services, healthcare, industrial, real estate, technology business services, telecommunications media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

Forward Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to Carlyle’s expectations regarding the performance of its business, financial results, liquidity and capital resources, contingencies, distribution policy, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements including, but not limited to, those described under the section entitled “Risk Factors” in Carlyle’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the United States Securities and Exchange Commission (“SEC”) on February 16, 2017, as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Carlyle’s other periodic filings with the SEC. Carlyle undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

This release does not constitute an offer for any Carlyle fund.


Pacific Equity Partners Carlyle not worried over ATO funds freeze, carlyle finance.#Carlyle #finance


Pacific Equity Partners Carlyle not worried over ATO funds freeze

Private equity giants Carlyle Group and Pacific Equity Partners have looked to downplay a move by the Australian Tax Office to freeze nearly $500 million in proceeds following the sale of iNova Pharmaceuticals by debt-laden Valeant Pharmaceuticals.

Sources close to PEP and Carlyle said it will not derail the closure of the $US930 million ($1.23 billion) June sale despite the ATO via a court order putting a freeze on a reported $475.6 million ($US375 million) in sale proceeds.

“There will be no impact on the iNova transaction,” said a spokeswoman for PEP and Carlyle.

Sources said the ATO freeze has to do with Valeant’s pre-existing tax obligations, rather than the recent sale of iNova, which markets a portfolio of prescription and over-the-counter products in areas such as weight management, pain management and cardiology.

Valeant declined to comment.

Related Quotes

Company Profile

According to Federal Court documents there are five respondents in the legal proceedings brought by the ATO: Valeant Holdco 2 Pty Ltd, Gretzky Bidco Pte Ltd, iNova Pharmaceuticals (Australia) Pty Ltd, Valeant Pharmaceuticals International Inc, and Wirra International Holdings Pte Ltd.

Deputy ATO commissioner Mark Konza recently told Parliament the ATO has turned its eye to big pharma, with about a third of ongoing corporate investigations looking into industry players.

The local arms of global pharma companies have been accused of using similar tactics as the major global tech and mining companies to avoid paying taxes in Australia.

‘An important area of focus’

The ATO declined to comment on iNova, but said the $42 billion Australian pharmaceutical industry is strategically significant to the economy and tax base.

“Its size, along with its complexity – for example, pharmaceutical companies are often comprised of one or more industry sub-sectors – make it an important area of focus for the ATO,” said an ATO spokesman.

“It is just one of a number of areas of focus for the ATO’s Tax Avoidance Taskforce which is continuing to identify and bring to account multinational companies who are not meeting their tax obligations under Australian law.”

The AFR’s Rear Window column reported earlier in August that the ATO was well advanced in its investigations into big pharma, having interviewed between 30 and 40 employees in the local office of one large pharmaceutical company about tax-related matters.

The ATO has another 11 investigations ongoing, while another eight pharmaceutical companies are in voluntary discussions with the ATO about their pricing arrangements. In all, the ATO has 61 audits covering 53 companies under way.

The ATO said the focus in these audits is to ensure compliance with Australia’s transfer pricing laws and assure companies are paying the right amount of tax based on their economic contribution in Australia.

“In addition to pharmaceutical companies, the Tax Avoidance Taskforce is looking closely at intellectual property and related party financing, and is continuing to implement the MAAL [multinational anti-avoidance law] and DPT [diverted profits tax],” the spokesman said.

The federal government previously flagged the DPT, which kicked in July 1, would raise about $100 million in revenue a year from 2018-19.

Canada’s Valeant has been under enormous pressure hiving off assets in order to repay $US5 billion in debt before February 2018.

According to Canadian press it recently closed the sale of Dendreon Pharmaceuticals and used the funds to repay $US811 million of senior secured term loans. It has also announced the sales of iNova and Obagi Medical Products, which are yet to close.


Carlyle Prices Offering of $400 Million in Preferred Units, carlyle finance.#Carlyle #finance


YahooFinance

Carlyle Prices Offering of $400 Million in Preferred Units

WASHINGTON, Sept. 06, 2017 (GLOBE NEWSWIRE) — Global alternative asset manager The Carlyle Group L.P. (CG) (“Carlyle”) today announced the pricing of a $400 million offering of 16,000,000 of its 5.875% Series A Preferred Units representing limited partner interests with a liquidation preference of $25.00 per unit. The offering is expected to close on September 13, 2017, subject to satisfaction of customary closing conditions.

Carlyle intends to use the net proceeds from the sale of the Series A Preferred Units for general corporate purposes.

Distributions on the Series A Preferred Units, when and if declared by the board of directors of Carlyle’s general partner, will be paid quarterly and are non-cumulative.

Carlyle intends to apply to list the Series A Preferred Units on the Nasdaq under the symbol “TCGP”.

Morgan Stanley Co. LLC, Merrill Lynch, Pierce, Fenner Smith Incorporated, UBS Securities LLC, Wells Fargo Securities, LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Barclays Capital Inc. and Goldman Sachs Co. LLC are acting as co-managers for the offering.

The offering of these securities is being made pursuant to an effective shelf registration statement. This offering will be made only by means of a prospectus. A copy of the prospectus, when available, may be obtained from (1) Morgan Stanley Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, by phone at (866) 718-1649, or e-mailing: [email protected], (2) Merrill Lynch, Pierce, Fenner Smith Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, by phone at 1-800-294-1322 or by emailing: [email protected], (3) UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, by phone at (888) 827-7275, (4) Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, by phone at 1-800-645-3751 or by emailing: [email protected] or (5) J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, by phone at (212) 834-4533.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Carlyle Group (CG) is a global alternative asset manager with nearly $170 billion of assets under management across 299 investment vehicles as of June 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense government services, consumer retail, energy, financial services, healthcare, industrial, real estate, technology business services, telecommunications media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

Forward Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to Carlyle’s expectations regarding the performance of its business, financial results, liquidity and capital resources, contingencies, distribution policy, and other non-historical statements. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks, uncertainties and assumptions. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements including, but not limited to, those described under the section entitled “Risk Factors” in Carlyle’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the United States Securities and Exchange Commission (“SEC”) on February 16, 2017, as such factors may be updated from time to time in its periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Carlyle’s other periodic filings with the SEC. Carlyle undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

This release does not constitute an offer for any Carlyle fund.


Henry Carlyle – New York City Magician corporate magician and private event magician in New York City, carlyle finance.#Carlyle #finance


Give your event a boost of high quality entertainment

Henry Carlyle has rapidly built a reputation as an act that MUST NOT be missed. Specializing in magical entertainment and mentalism with a comedic touch, Henry Carlyle performs mind-blowing magic and mental illusions for celebrities, private parties, and for many Fortune 500 companies. Witness upscale, interactive close-up magic that will leave a lasting impression with your important guests.

Latest Raves Reviews

My wife and I were most impressed with your roving magical show last evening at Forsgate Country Club. You match up with some of the best magicians we have seen over the years, no one in Las Vegas can do more than what we saw. Please let us know when you will be appearing again in our area.

Gail Ron Trautz

Henry came to our Annual Finance Conference and entertained in the middle of a long day of presentations. The audience reacted extremely positively and it really helped re-energize the group. He was smart and funny and absolutely on-target for this corporate setting. He was the perfect choice for this event.

Warnaco Corp. Purchase, NY

Henry s mindreading tricks are amazing and left everyone talking about him the rest of the night. He is charismatic, very funny and very talented. We hired him for a Sony USA corporate holiday party, and his performance was perfect for the corporate setting. Very tasteful and entertaining, would highly recommend!!

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Rebrand sees Carlyle Finance renamed MotoNovo, AM #factoring #finance


#carlyle finance

#

Rebrand sees Carlyle Finance renamed MotoNovo

Carlyle Finance has undertaken a rebrand to avoid a potential costly legal trademark battle but the change enables us to revitalise and renew everything about our business, chief executive Mark Standish has told dealers.

Retailers selling Carlyle s products were briefed on the change to MotoNovo ahead of this month s announcement.

Standish said: A new name had to reflect what the business stands for today and be vibrant, modern and memorable.

The new name combines two Latin words: moto ( moving or driving forward ) and novo ( new, refresh, change, innovate ).

Standish said: In a single word we have managed to encapsulate everything the business has come to stand for. This enables us to revitalise and renew everything to support our dealers.

Carlyle, a Cardiff-based division of South Africa s FirstRand Bank, did not want to change its name.

Last year the company decided to protect what it regarded as the substantial value created in the business by registering it as a legally protected trademark.

But the firm found that The Carlyle Group, a US private equity firm, registered the Carlyle trademark in the UK in the 1990s.

Standish said: In addition to the trademark issue it was felt the increased activity of the Carlyle Group in the UK was causing confusion as to who owned who.

It was also felt that the Carlyle Finance name harked back to our more modest and traditional past under the ownership of Julian Hodge Bank.

Standish said a top priority for MotoNovo will be to develop an industry leading digital approach to vehicle purchasing and financing.


Rebrand sees Carlyle Finance renamed MotoNovo, AM #motor #finance #calculator


#carlyle finance

#

Rebrand sees Carlyle Finance renamed MotoNovo

Carlyle Finance has undertaken a rebrand to avoid a potential costly legal trademark battle but the change enables us to revitalise and renew everything about our business, chief executive Mark Standish has told dealers.

Retailers selling Carlyle s products were briefed on the change to MotoNovo ahead of this month s announcement.

Standish said: A new name had to reflect what the business stands for today and be vibrant, modern and memorable.

The new name combines two Latin words: moto ( moving or driving forward ) and novo ( new, refresh, change, innovate ).

Standish said: In a single word we have managed to encapsulate everything the business has come to stand for. This enables us to revitalise and renew everything to support our dealers.

Carlyle, a Cardiff-based division of South Africa s FirstRand Bank, did not want to change its name.

Last year the company decided to protect what it regarded as the substantial value created in the business by registering it as a legally protected trademark.

But the firm found that The Carlyle Group, a US private equity firm, registered the Carlyle trademark in the UK in the 1990s.

Standish said: In addition to the trademark issue it was felt the increased activity of the Carlyle Group in the UK was causing confusion as to who owned who.

It was also felt that the Carlyle Finance name harked back to our more modest and traditional past under the ownership of Julian Hodge Bank.

Standish said a top priority for MotoNovo will be to develop an industry leading digital approach to vehicle purchasing and financing.


Rebrand sees Carlyle Finance renamed MotoNovo, AM #finance #ministry


#carlyle finance

#

Rebrand sees Carlyle Finance renamed MotoNovo

Carlyle Finance has undertaken a rebrand to avoid a potential costly legal trademark battle but the change enables us to revitalise and renew everything about our business, chief executive Mark Standish has told dealers.

Retailers selling Carlyle s products were briefed on the change to MotoNovo ahead of this month s announcement.

Standish said: A new name had to reflect what the business stands for today and be vibrant, modern and memorable.

The new name combines two Latin words: moto ( moving or driving forward ) and novo ( new, refresh, change, innovate ).

Standish said: In a single word we have managed to encapsulate everything the business has come to stand for. This enables us to revitalise and renew everything to support our dealers.

Carlyle, a Cardiff-based division of South Africa s FirstRand Bank, did not want to change its name.

Last year the company decided to protect what it regarded as the substantial value created in the business by registering it as a legally protected trademark.

But the firm found that The Carlyle Group, a US private equity firm, registered the Carlyle trademark in the UK in the 1990s.

Standish said: In addition to the trademark issue it was felt the increased activity of the Carlyle Group in the UK was causing confusion as to who owned who.

It was also felt that the Carlyle Finance name harked back to our more modest and traditional past under the ownership of Julian Hodge Bank.

Standish said a top priority for MotoNovo will be to develop an industry leading digital approach to vehicle purchasing and financing.


Rebrand sees Carlyle Finance renamed MotoNovo, AM #approved #car #finance


#carlyle finance

#

Rebrand sees Carlyle Finance renamed MotoNovo

Carlyle Finance has undertaken a rebrand to avoid a potential costly legal trademark battle but the change enables us to revitalise and renew everything about our business, chief executive Mark Standish has told dealers.

Retailers selling Carlyle s products were briefed on the change to MotoNovo ahead of this month s announcement.

Standish said: A new name had to reflect what the business stands for today and be vibrant, modern and memorable.

The new name combines two Latin words: moto ( moving or driving forward ) and novo ( new, refresh, change, innovate ).

Standish said: In a single word we have managed to encapsulate everything the business has come to stand for. This enables us to revitalise and renew everything to support our dealers.

Carlyle, a Cardiff-based division of South Africa s FirstRand Bank, did not want to change its name.

Last year the company decided to protect what it regarded as the substantial value created in the business by registering it as a legally protected trademark.

But the firm found that The Carlyle Group, a US private equity firm, registered the Carlyle trademark in the UK in the 1990s.

Standish said: In addition to the trademark issue it was felt the increased activity of the Carlyle Group in the UK was causing confusion as to who owned who.

It was also felt that the Carlyle Finance name harked back to our more modest and traditional past under the ownership of Julian Hodge Bank.

Standish said a top priority for MotoNovo will be to develop an industry leading digital approach to vehicle purchasing and financing.


Rebrand sees Carlyle Finance renamed MotoNovo, AM #dfs #finance


#carlyle finance

#

Rebrand sees Carlyle Finance renamed MotoNovo

Carlyle Finance has undertaken a rebrand to avoid a potential costly legal trademark battle but the change enables us to revitalise and renew everything about our business, chief executive Mark Standish has told dealers.

Retailers selling Carlyle s products were briefed on the change to MotoNovo ahead of this month s announcement.

Standish said: A new name had to reflect what the business stands for today and be vibrant, modern and memorable.

The new name combines two Latin words: moto ( moving or driving forward ) and novo ( new, refresh, change, innovate ).

Standish said: In a single word we have managed to encapsulate everything the business has come to stand for. This enables us to revitalise and renew everything to support our dealers.

Carlyle, a Cardiff-based division of South Africa s FirstRand Bank, did not want to change its name.

Last year the company decided to protect what it regarded as the substantial value created in the business by registering it as a legally protected trademark.

But the firm found that The Carlyle Group, a US private equity firm, registered the Carlyle trademark in the UK in the 1990s.

Standish said: In addition to the trademark issue it was felt the increased activity of the Carlyle Group in the UK was causing confusion as to who owned who.

It was also felt that the Carlyle Finance name harked back to our more modest and traditional past under the ownership of Julian Hodge Bank.

Standish said a top priority for MotoNovo will be to develop an industry leading digital approach to vehicle purchasing and financing.