Apollo Management

Apollo Management

Apollo Management | Private Equity Firm

Apollo management was founded by Leon Black in 1990 and since then has grown enormously to be ranked twelth in the Private Equity International list of the largest private equity firms. Headquartered in Purchase, New York, but also has offices in London and Los Angeles. Apollo Management has raised just under $14 billion in capital as of 2007.

Apollo Management favors investing in underperforming--and sometimes distressed--companies. Apollo is known for having the operational and management resources for successfully restructuring and fixing portfolio companies. However, Apollo Management does invest in well-performing companies as well, like when Apollo teamed up with Texas Pacific Group (combining as Hamlet Holdings) to buy Harrah's Entertainment.



Tags: Apollo Management, Apollo Management L.P., Apollo Management private equity, list of private equity firms, Apollo Management profile, Apollo Management history, Leon Black Private equity

Link to This Resource: Apollo Management

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Private Equity Education

There are many opportunities for people hoping to break into the private equity scene, so here are some quality private equity education opportunities that I've found:

Top Private Equity Education Programs

I will be adding more to this list, eventually making it into a guide of credible opportunities for those hoping to advance their career through education in private equity. If you have any potential additions please e-mail me at Theo@peblogger.com

Link to This Resource: Private Equity Education

http://privateequityblogger.com/2008/07/private-equity-education.html

The Carlyle Group

The Carlyle Group

Private Equity Firm | The Carlyle Group

I was just in Washington, D.C. and stopped in the Carlyle Group's building.  The Capital is an interesting location for a private equity firm's headquarters but it makes sense given that David Rubenstein.The Carlyle Group was ranked by Financial Week as the #1 private equity firm from their list of the top private equity firms. The Carlyle Group was founded by David Rubenstein and Stephen Norris in 1987 and has grown into the "World's largest private equity firm," according to PEI.  If you are looking for contact details on the Carlyle Group please see the PrivateEquityDirectory.com  

The History of the Carlyle Group

The Carlyle Group is one of the world's largest private equity firms, with more than $89.3 billion under management. With 64 funds across four investment disciplines (buyouts, growth capital, real estate and leveraged finance), Carlyle combines global vision with local insight, relying on a top-flight team of 525+ investment professionals operating out of offices in 21 countries to uncover superior opportunities in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.
While open to opportunities wherever they can be found, Carlyle focuses on sectors in which it has demonstrated expertise: aerospace & defense, automotive & transportation, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services and telecommunications & media.
In a world awash with information, insight is often in short supply. Carlyle’s edge is its ability to leverage the local insight of its investment professionals, collaborating across the firms’ investment disciplines from deal sourcing and due diligence through portfolio company development. The result: a broader view of potential investment opportunities and deeper level of expertise, creating value for Carlyle portfolio companies that translates into superior returns for Carlyle investors.
Carlyle’s team of investment professionals includes 203 M.B.A.s, 34 J.D.s and 11 Ph.D./M.D.s from many of the world’s most prestigious universities.
Carlyle’s conservative investment philosophy and disciplined investment process has generated extraordinary returns for its investors. Since its founding in 1987, the firm has invested $49.4 billion in 836 transactions.
More than 1,200 investors from 72 countries entrust Carlyle with their capital and their reputations. As one means of aligning its own interests with those of its Limited Partner investors, Carlyle has committed more than $3.6 billion of its own capital to its funds. (Source)


The Carlyle Group Resources and Articles


Story #1: Carlyle Group Defense and Aerospace Holdings
Some of the largest companies in America are in the aerospace and defense industries, so it should be little surprise that private equity firms are looking into these sectors. Buyout firms are among the top bidders for recent aerospace and defense firms put up for auction.  In some cases, private equity groups are the only potential buyers interested in the firms.  These private equity firms include the top players in the industry from Carlyle Group to Blackstone Group.

Carlyle Group is no stranger to the defense and aerospace industry.  The private equity giant owns or has a significant stake in several firms.

List of Carlyle Group Aerospace and Defense Holdings (Former and Current)
  • ARINC Incorporated
    • Aerospace & Defense ; Mezzanine Finance , U.S. Buyout ; October 2007 ; Current
  • Aviall Services, Inc.
    • Aerospace & Defense ; U.S. Buyout ; December 2001 ; Exited
  • Avio SpA
    • Aerospace & Defense ; Europe Buyout , U.S. Buyout ; September 2003 ; Exited
  • Combined Systems, Inc.
    • Aerospace & Defense ; Mezzanine Finance ; April 2005 ; Current
  • Composite Structures
    • Aerospace & Defense ; U.S. Buyout ; July 1997 ; Exited
  • DHS Technologies, LLC
    • Aerospace & Defense ; U.S. Growth Capital ; July 2004 ; Current
  • EG&G Technical Services, Inc.
    • Aerospace & Defense ; U.S. Buyout ; August 1999 ; Exited
  • Firth Rixson
    • Aerospace & Defense , Industrial ; Europe Buyout ; February 2003 ; Exited
  • Firth Rixson Limited
    • Aerospace & Defense ; Europe Buyout , U.S. Buyout , Mezzanine Finance ; December 2007 ; Exited
  • Gardner Group Ltd
    • Aerospace & Defense , Industrial ; Europe Technology ; October 2008 ; Exited
  • Howmet International
    • Aerospace & Defense ; U.S. Buyout ; October 1995 ; Exited
  • Indigo Systems, Inc.
    • Aerospace & Defense , Technology & Business Services ; U.S. Growth Capital ; February 2002 ; Exited
  • Landmark Aviation
    • Aerospace & Defense ; U.S. Buyout ; August 2004 ; Exited
  • Lear Siegler Services, Inc.
    • Aerospace & Defense ; U.S. Buyout ; September 1997 ; Exited
  • NP Aerospace Limited
    • Aerospace & Defense , Healthcare , Industrial ; Europe Technology ; November 2005 ; Exited
  • QinetiQ
    • Aerospace & Defense ; Europe Buyout ; February 2003 ; Exited
  • Sequa Corporation
    • Aerospace & Defense ; U.S. Buyout ; December 2007 ; Current
  • Sippican, Inc.
    • Aerospace & Defense ; U.S. Buyout ; April 2002 ; Exited
  • Standard Aero Holdings, Inc.
    • Aerospace & Defense ; U.S. Buyout ; August 2004 ; Exited
  • Stellex Aerostructures, Inc.
    • Aerospace & Defense ; Global Distressed & Corporate Opportunities ; October 2004 ; Exited
  • United Defense Industries, Inc.
    • Aerospace & Defense ; U.S. Buyout ; October 1997 ; Exited
  • United States Marine Repair, Inc.
    • Aerospace & Defense ; U.S. Buyout ; November 1997 ; Exited 
  • Vought Aircraft Industries, Inc.
    • Aerospace & Defense ; U.S. Buyout ; July 2000 ; Current
  • Vought Aircraft Industries, Inc. (Aerostructures Corp.)
    • Aerospace & Defense ; U.S. Buyout ; September 1996 ; Current 
  • Wesco Holding, Inc.
    • Aerospace & Defense ; Mezzanine Finance , U.S. Buyout ; September 2006 ; Current




Story #2: The Carlyle Group said on Sunday that the U.S. private equity giant had bought a minority stake in Yashili to help the leading Chinese infant formula maker improve its research and production.
Washington-based Carlyle obtained a 17.3 percent stake in Yashili, headquartered in the southern Chinese province of Guangdong, according to an e-mailed statement from Carlyle, which disclosed no further financial details of the deal.

Carlyle’s deal came after rivals including Kohlberg Kravis Roberts & Co (KKR) [KKR.UL], Sequoia Capital and other funds invested more than $1 billion combined in China’s domestic dairy industry, which was badly hit by a food safety scandal last year.
  Source

Story #3: Debra Pedersen joined Carlyle Group as a managing director of global leveraged finance, said spokesman Christopher Ullman.
The position is new.
She will be responsible for investor relations and fundraising for the group that manages $13 billion in 22 U.S. leveraged finance, Europe finance and mezzanine funds.
Ms. Pedersen was a managing director at Plainfield Asset Management. She will not be replaced, according to a spokesman at Plainfield who declined to be identified. Source



Story #4: Carlyle Managing Directors Argue for Letting Private Equity Help Banks
For some time now, a debate has simmered about the role of private equity in recapitalizing our nation's troubled banks. The FDIC weighed in earlier this month when it proposed new guidelines to govern private-equity investment in failed banks that have been taken over by the government. The guidelines -- open for public comment as of last week -- have focused the debate on one key question: Do banks with substantial private-equity investment pose unique financial risks and require special safeguards?
We strongly believe that private- equity investment in the banking industry has saved -- and will continue to save -- taxpayer money and strengthen the banking system through the injection of new capital. Unfortunately, some of the specific measures in the FDIC's proposal would deter new capital from entering the system, dramatically elevate costs for the FDIC, and ultimately increase the risk that the taxpayers will face yet another large bill for the system's failures.
Three specific measures in the guidelines would apply exceptional rules to private investors seeking to invest new capital in failed banks. (Read More...)


Story #5: Frm. Congressman Huffington Sues Carlye Over Fund's Collapse
Former Republican Congressman Michael Huffington has filed a lawsuit against Carlyle Group alleging the private-equity firm misrepresented the safety of Carlyle Capital Corp, the publicly traded mortgage-securities fund that collapsed last spring, the Wall Street Journal reported.
Huffington lost his entire $20 million investment in the fund, the paper said. The lawsuit, filed Monday in Massachusetts state court, claims Carlyle [CYL.UL] deceived Huffington into thinking that the fund was “conservative” and “low risk,” the WSJ said.
It said Huffington also named David Rubenstein, Carlyle’s co-founder responsible for fund-raising at the firm, in the lawsuit. Carlyle has about $85 billion under management.
Read lawsuit

Story #6: Carlyle Group cuts 10% of staff

Story #7: Big Deals. David Rubenstein and His Partners Have Made Billions With the Carlyle Group, the World’s Hottest Private Equity Firm. How Have They Made All That Money? Why Are They in Washington?


Tags: The Carlyle Group, The Carlyle Group Private Equity, The Carlyle Group Private Equity Firm, Best Private Equity Firm, Top Private Equity Firm, David Rubenstein, Private equity The Carlyle Group

Link to This Resource: The Carlyle Group

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New York Private Equity

New York Private Equity

New York Private Equity

New York has been generally considered the center of financial activity in modern history, with London posing a constant threat to that status. New York is a hub for private equity activity hosting vast resources for private equity firms and a global platform for entering foreign markets. A large percentage of private equity firms are based in New York, and most private equity firms at least have a branch located in the New York City area. As globalization becomes increasingly crucial for a private equity firm's success, New York City will likely attract more and more private equity firms.  For a directory of more than 1,000 private equity firms and their contact details follow this link.


The New York Private Equity Network is available exclusively to professionals at private equity and venture capital funds in the New York City area.

New York Private Equity Firms List

Coming soon: List of private equity firms in New York.

Tags: New York Private Equity, Private Equity New York, New York City Private Equity, Private Equity New York Firms, New York Private Equity Firms, List of Top New York Private Equity Firms, New York Private Equity Firms list, New York Venture Capital

Link to This Resource: New York Private Equity

http://privateequityblogger.com/2007/10/new-york-private-equity.html

Interview with Chris Allen

Interview with Chris Allen below


Above: Richard Wilson Interviews Chris Allen | Family Office

Link to This Resource: Interview with Chris Allen

http://privateequityblogger.com/2007/10/interview-with-chris-allen.html

FO


Interview with Graham below



Above: Richard Wilson Interviews Graham Harrison and Jonathan Gramble | Family Offices

Link to This Resource: FO

http://privateequityblogger.com/2007/10/fo.html

Private Equity Books

Private Equity Books

List of Private Equity Books

I am compiling a list of all the highly recommended private equity books, and highlighting the ones that I have read so far. I hope that this will be a useful resource for professionals interested in reading private equity books. Currently, the private equity book that I am reading is Lessons From Private Equity Any Company Can Use by Orit Gadiesh and Hugh MacArthur.

Here is my list of Private Equity Books:

Review of Lessons from Private Equity Any Company Can Use by Orit Gadiesh and Hugh MacArthur
Term Sheets and Valuations by Alex Wilmerding

Tags: Private Equity Books, Private Equity Book, Books on Private Equity, Private Equity Book Review, Private Equity Research

Link to This Resource: Private Equity Books

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