Carlyle Group News

Redwood City's city council has selected a joint venture between Kilroy Realty Corp.

Wilmington, N.C.-based Pharmaceutical Product Development LLC has named David Simmons chairman and CEO.

Yuanta Financial said on Friday it has pulled out of an up to $1.25 billion bid to buy Carlyle Group-backed Taiwanese bank Ta Chong Bank.

Pharmaceutical Product Development, LLC today announced that its board of directors has named David Simmons chairman and CEO.

Simmons spent 15 years at Pfizer and was most recently president and general manager of the company's emerging markets and established products business units, which represent about $18.5 billion of Pfizer's annual revenue.

A subsidiary of Maersk, a Danish shipping conglomerate, has submitted to the state a proposal to purchase the operating rights of the Port of Virginia's cargo terminals.

Letters to the Editor Editorial Towns & Villages - Aldie-Middleburg - Catlett - Goldvein - Markham-Hume - Marshall - New Baltimore - Remington-Bealeton - The Plains Sergio Ribeiro, a junior at Fauquier High School and at Mountain Vista Governor's School, won first place in Virginia and a $10,000 college scholarship in the Junior Achievement Essay ... (more)

Orriss has been appointed to replace former sales and marketing director David Tyers, who left the company in December without a job to go to.

Terms of the deal were not disclosed. The companies described it as a merger of equals, said Thomas J. Marino, CEO of J.H. Cohn.

Hampton Roads Bankshares, Inc. , the holding company for The Bank of Hampton Roads and Shore Bank, today announced that James F. Burr has been appointed to its Board of Directors effective when the Company receives the necessary approvals from banking authorities.

Avail-TVN announced that The Carlyle Group will lead $100 million of new funding, enabling the media-services firm to acquire U.K.-based On Demand Group from SeaChange International for $27 million.

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1430 GMT on Friday: ** Australian private equity fund Pacific Equity Partners has approached potential buyers for its share-registry business Link Group, kickstarting an auction that could value the company at as much as A$1.4 ... (more)

Private equity firm Carlyle Group and other major shareholders of Taiwan's Ta Chong Bank plan to sell the bank to Yuanta Financial in a deal worth up to T$37 billion , two sources familiar with the situation said on Friday.

Private equity firm Longreach Group is seeking T$30 or more a share for its stake in Taiwan's EnTie Commercial Bank, a price that would value any deal at about $1.2 billion, a source with direct knowledge of the situation told Reuters on Thursday.

Sonic Healthcare Ltd. , Australia's top pathology and radiology group, has agreed to buy some pathology assets from private equity-owned Healthscope for A$100 million , in what could be a test for the competition watchdog.

Fotolia , a New York-based provider of digital stock photography, has secured $150 million in growth equity funding from Kohlberg Kravis Roberts & Co ., in exchange for a 50% stake.

Chemicals maker DuPont has shortlisted four potential buyers for its car paint business after evaluating revised offers received on April 30, according to Reuters .

Carlyle Group, the private equity firm that went public this month, plans to seek about $3.5 billion for its fourth buyout fund in Asia, two people familiar with the matter said.

Another milestone they count down in Times Square, less deliriously, is the moment a company goes public by selling shares on the Nasdaq Stock Market.

Investor and philanthropist David Rubenstein is a co-founder of the equity firm the Carlyle Group, which recently went public.