MBK Offers to Buy C&M for $3.2 Billion in Korea's Biggest LBO, Bankers Say

(Bloomberg) -- MBK Partners Ltd., the South Korean
private equity group founded by former Carlyle Group executives,
offered 3 trillion won ($3.2 billion) for cable-TV operator C&M,
said two bankers who were asked to provide financing.

The Seoul-based buyout company wants to borrow as much as 2
trillion won to pay for closely held C&M, South Korea's second-
biggest cable-TV operator, said the bankers, who declined to be
identified because the bid hasn't been disclosed. The purchase
would include New York-based Goldman Sachs Group Inc.'s 30.5
percent stake, they said.


Read more at Bloomberg Bonds News

UPDATE 1-Carlyle, partners to buy Applus+ for $2 bln

(Reuters) - Agbar, which holds 53.1 percent of Applus+, said it would
make net capital gains of 210 million euros from the sale to
private equity firm Carlyle and a group comprising Caixa de
Catalunya, Caixa de Manresa, Caixa de Terrassa, Caixa de
Tarragona and the Real Automovil Club de Catalunya.




Power company Union Fenosa , which has 25 percent of
Applus+, and savings bank Caja Madrid have also agreed to sell
their shares in the deal, which values 100 percent of Applus+ at
1.48 billion euros.


Read more at Reuters.com Mergers News

Carlyle agrees to invest in Taiwan bank

(Reuters) - Carlyle would buy the stake at T$17 per share, exceeding the T$13 to T$15 range some analysts had expected, after Carlyle outbid rival MBK Partners recently and secured an exclusive right to buy the stake.




The purchase would allow the U.S. private equity fund to become Ta Chong's biggest single shareholder with a 35 percent stake, James Chiou, spokesman of the small lender told Reuters by phone.


Read more at Reuters.com Mergers News

Carlyle affiliate begins trade at $20 per share

(Reuters) - On Tuesday, Carlyle Capital said it had placed 15.8 million
new shares at $19 per Class B stock. Shares traded up 2.6
percent at $19.50 by 0729 GMT.




Read more at Reuters.com Mergers News

UPDATE 1-Carlyle to buy Manor Care for $4.9 billion

(Reuters) - NEW YORK, July 2 - Manor Care Inc. , the largest U.S. operator of homes for the elderly, said on Monday it agreed to be acquired by Carlyle Group for $4.9 billion, becoming the latest health care provider taken off the public market by a private equity buyer.



Manor Care shareholders will receive $67 per share, a 20 percent premium to the stock's closing stock price on April 10, the day before the company announced it was putting itself up for sale. The total value of the deal, including debt, is $6.3 billion, the company said.


Read more at Reuters.com Mergers News

UPDATE 1-Virgin Media seeks buyer, Carlyle bids -sources

(Reuters) - LONDON, July 1 - British cable operator Virgin
Media has appointed Goldman Sachs to seek a possible
buyer after it received approaches from various private equity
firms, people familiar with the situation said on Sunday.




Carlyle Group [CYL.UL], for one, offered in recent weeks to
buy the company, whose leading shareholder is the flamboyant
entrepreneur Richard Branson, the sources said, but they declined
to disclose the price put forward.


Read more at Reuters.com Bonds News

UPDATE 1-Carlyle forms team to invest in financial firms

(Reuters) - Edward "Ned" Kelly, former chief executive officer of
Mercantile Bankshares Corp., and David Zwiener, former chief
operating officer of The Hartford Financial Services Group
Inc.'s property and casualty operations, have been
named managing directors of the new group.




Kelly and Zwiener will be based in Washington, D.C. and New
York, respectively, and the new Carlyle group will build a team
to pursue investments around the world.


Read more at Reuters.com Bonds News