ERJ staff report (DS)
Washington, DC -Â Global private equity firm The Carlyle Group said the collapse of Carlyle Capital Corporation (CCC) , "will have no measurable impact on any other fund sponsored by The Carlyle Group or any of our portfolio companies."
CCC is a fund focussing on US property investments. Carlyle said, "[CCC] is a publicly traded company on the Euronext Amsterdam N.V. A majority of its voting directors are independent of The Carlyle Group. The Carlyle Group has not purchased any of the securities of CCC, although individuals at Carlyle collectively own approximately 15% of the securities of CCC. The Carlyle Group and CCC are separate legal and business entities and under a contractual arrangement, Carlyle serves as the investment advisor to CCC."
The Carlyle Group holds major shareholdings in many industrial companies including Goodyear Engineered Products; the former Goodyear conveyor belting operations, Veyance Technologies, Inc. and tyre pressure monitoring systems supplier, Beru AG.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Carlyle
Additional Press release from Carlyle