Carlyle Surpasses $1B Target for Equity Opportunity Fund
November 8, 2012- Share:
The Carlyle Group has secured $1.1 billion for its Carlyle Equity Opportunity Fund, exceeding its $1 billion target. CEOF targets control investments in U.S. middle-market companies requiring equity capital of $25 million to $150 million per transaction. Carlyle has already invested over 20% of the fund through four transactions: Philadelphia Energy Solutions (formerly Sunoco Refinery), Dynamic Precision Group, Worldstrides and Service King. Simpson Thacher & Bartlett provided advice for the fund, while Foreside Fund Services served as placement agent.
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