snatching up companies left and right. Not only armaments, but auto parts, telecommunications
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The Carlyle Group completed its purchase of substantially all of Goodyear Tire & Rubber Co.'s engineered products division for $1.48 billion.
D.C.-based Carlyle, a private equity firm, and Akron, Ohio-based Goodyear first announced the deal on March 23. Through a long-term licensing agreement, products from this division will continue to carry the Goodyear brand for marketing purposes, while the legal name of the division has been changed to Veyance Technologies Inc., Carlyle and Goodyear said in a statement.
http://washington.bizjournals.com/washington/stories/2007/07/30/daily28.html?jst=cn_cn_lk<snip>
April 13, 2006
#2006-038
The Carlyle Group and Zodiac Complete Waterpik Acquisition
Newport Beach and Paris - The Carlyle Group and Zodiac announced today the successful completion of the previously announced going-private merger of Water Pik Technologies, Inc (Waterpik ; NYSE: PIK) with Coast Merger Corp, an entity led by Carlyle and Zodiac.
http://www.thecarlylegroup.com/eng/news/l5-news3367.html<snip>
Aug 07, 2007 11:20 ET
The Carlyle Group and Onex Complete Acquisition of Allison Transmission from General Motors
TORONTO, ONTARIO and WASHINGTON, DISTRICT OF COLUMBIA--(Marketwire - Aug. 7, 2007) -
All amounts in US dollars unless otherwise stated
Onex Corporation (TSX:OCX) and The Carlyle Group announced today they have completed their $5.575 billion acquisition of Allison Transmission from General Motors Corporation. The transaction was first announced on June 28, 2007.
http://www.marketwire.com/mw/release.do?id=758297&sourceType=3<snip>
A New Pecking Order for Private Equity
April 30, 2007, 4:45 pm
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Who is the world’s biggest private equity firm?
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By that measure, the winner is the Washington-based Carlyle Group, which has collected $32.5 billion for direct private equity investments in the past five years. Kohlberg Kravis Roberts and the private equity arm of Goldman Sachs are close behind, with $31.1 billion and $31 billion, respectively, in capital raised since 2002. Rounding out the top five were the Blackstone Group, at $28.4 billion, and the Texas Pacific Group, at $23.5 billion.
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ANYWAY, you get my drift. Poopy may not be an active board member anymore, but I'll be damned if I believe that he's severed his ties with this cannibalistic corporation. And who benefits by his son's policies the most? The very people who are involved with Carlyle, for one.