Tuesday, 1 December 2015
Last updated 19 hours ago
Jul 8 2011 | 1:12pm ET
The Carlyle Group is in talks with fellow private equity firm Energy Capital Partners about acquiring the Short Hills, N.J.-based firm.
Negotiations between the two firms began about three months ago. It is not clear if a deal is imminent and the talks could still break down, according to published reports.
Energy Capital focuses on energy infrastructure assets, and last year raised $4.34 billion for its second fund. The firm, which also has an office in San Diego, has raised a total of about $7 billion since its founding in 2005 by Goldman Sachs veteran Douglas Kimmelman.
Carlyle is expected to go public later this year and has been aggressively pursuing acquisitions. News of the Carlyle-Energy Capital talks was first reported by The New York Times.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…