Private Equity Groups

Carlyle’s Axalta auto-paint company rises in trading debut

4:16 pm U.S. ET | Nov. 12, 2014
Axalta Coating Systems, the former DuPont auto-paint unit now backed by Carlyle Group LP, rose in its first day of trading after raising $975 million in an initial public stock offering....
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Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014
Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans....
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LaSorda's VC firm adds Zetsche, Magna to 2nd investment fund

10:33 am U.S. ET | Oct. 14, 2014
Tom LaSorda, the former CEO of Chrysler and Fisker, says his venture-capital firm has begun making investments out of its second fund, which he said raised almost $10 million and has added Daimler Chairman Dieter Zetsche and Magna International to its list of investors....
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What, me worry? Hendrick says deal-hungry Buffett won't keep him from buying

12:01 am U.S. ET | Oct. 13, 2014
Car dealer Rick Hendrick has a message for auto retailers looking to sell their family business: He's still buying....
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Dealership consolidation is coming -- but how fast and how much?

12:01 am U.S. ET | Oct. 13, 2014
Dealership consolidation is expected to accelerate as Warren Buffett's entry into automotive retailing attracts more buyers, observers said....
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'THIS IS JUST THE BEGINNING'

Buffett's Van Tuyl purchase puts top retailers in cross hairs

12:01 am U.S. ET | Oct. 6, 2014
When Warren Buffett signed a deal to buy Van Tuyl Group last week through his Berkshire Hathaway Inc. investment company, he clearly signaled that the top four dealership groups are in his sights. With Buffett at its helm, the country's fifth-biggest dealership group is about to get a lot bigger....
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$4 billion deal? A win all around, experts say

12:01 am U.S. ET | Oct. 6, 2014
Experts in dealership buy-sells estimate Warren Buffett's Berkshire Hathaway Inc. paid $4 billion for Van Tuyl Group....
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Buffett to buy Van Tuyl Group, create Berkshire Hathaway Automotive

8:40 am U.S. ET | Oct. 2, 2014
Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive....
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Icahn-controlled Federal-Mogul to split into two public companies

9:11 am U.S. ET | Sept. 3, 2014
Carl Icahn-controlled auto supplier Federal-Mogul Holdings said today it plans to split its two business units into two publicly-traded companies....
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Hong Kong firm acquires majority stake in supplier Key Safety Systems

12:46 pm U.S. ET | Aug. 29, 2014
Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in automotive safety products supplier Key Safety Systems. The deal could be worth as much as $800 million, a Bloomberg report out of China said in April....
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Supplier Metaldyne Performance files for stock offering

8:16 am U.S. ET | Aug. 23, 2014
Metaldyne Performance Group, a holding company for three auto suppliers merged earlier this month by private equity firm American Securities LLC, filed with federal regulators for an initial public offering of its common shares....
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Auto-paint supplier seeks $1 billion from IPO, report says

11:20 am U.S. ET | Aug. 14, 2014
Axalta Coating Systems, DuPont's former auto-paint unit, is working with Citigroup and Goldman Sachs on an initial public stock offering with hopes of raising $1 billion, people familiar with the matter told Bloomberg....
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SPECIAL REPORT

Obama aides let Delphi avoid taxes with 'inversion' tactic now assailed

12:34 am U.S. ET | Aug. 6, 2014
President Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. But the administration helped one $20 billion American company, Delphi Automotive, do just that....
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TI Automotive plans debt-fueled dividend for hedge fund owners, report says

8:20 am U.S. ET | June 21, 2014
TI Automotive’s hedge fund owners that include Oaktree Capital Group LLC will reap a $435 million dividend by saddling the longtime auto supplier with more debt for the second time in two years....
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Iron castings supplier Grede completes sale to private equity firm

1:58 pm U.S. ET | June 3, 2014
Grede Holdings, which supplies specialty iron castings to automakers, said it completed the sale of its operations to private equity firm American Securities LLC....
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DealerSocket, Vista Equity Partners in investment talks

2:48 pm U.S. ET | May 8, 2014
The owners of DealerSocket, a leading provider of customer-retention software to dealerships, are in investment talks with Vista Equity Partners, a private equity firm with a minority stake in Reynolds and Reynolds....
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KPMG acquires majority of corporate turnaround firm BBK

3:45 pm U.S. ET | May 6, 2014
Accounting and consulting giant KPMG LLP said today it acquired a majority of the assets of Detroit area advisory firm BBK Ltd., a longtime player in auto supplier turnaround projects....
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Visteon pays Cerberus to take control of interiors unit

7:44 am U.S. ET | May 2, 2014
Auto supplier Visteon said it signed an agreement to transfer its global automotive interiors business to an affiliate of private investment firm Cerberus Capital Management LP....
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Former GM CEO Akerson returns to Carlyle as vice chairman

10:17 am U.S. ET | March 14, 2014
Carlyle Group named Dan Akerson, who stepped down as CEO of General Motors in January, to the role of vice chairman of the board of directors and special adviser. Akerson joined Carlyle March 1 in the private-equity firm’s Washington headquarters and will give operational, investment and management guidance to the investment teams, firm management and the board, Carlyle said today in a statement....
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Johnson Controls to sell headliner, sun visor business to private equity firm Atlas

Feb. 20, 2014 06:01 CET
Johnson Controls plans to sell its headliner and sun visor business to an affiliate of private equity firm Atlas Holdings. Johnson Controls expects to close the deal by April 30. Terms of the agreement were not disclosed....
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Johnson Controls to sell headliner, sun visor business to private equity firm Atlas

4:03 pm U.S. ET | Feb. 19, 2014
Johnson Controls plans to sell its headliner and sun visor business to an affiliate of private equity firm Atlas Holdings. Johnson Controls expects to close the deal by April 30, the supplier said today. Terms of the agreement were not disclosed....
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Continental seeks to expand beyond auto business with U.S. acquisition

Feb. 11, 2014 06:01 CET
Continental agreed to buy Veyance Technologies for about $1.9 billion to expand beyond the auto business. Continental expects the purchase to boost profit of its ContiTech unit. U.S.-based Veyance makes industrial hoses and conveyor belts....
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TI Automotive near deal to sell to Bain for $2 billion, report says

4:04 pm U.S. ET | Dec. 19, 2013
TI Automotive, the auto fuel-systems company owned by several hedge funds, is nearing a deal to sell itself to Bain Capital Partners for as much as $2 billion, people with knowledge of the matter said....
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Firm created by Microsoft co-founder invests $30M in TrueCar

2:02 pm U.S. ET | Dec. 12, 2013
TrueCar, reportedly considering an initial public offering next year, said Vulcan Capital -- a private equity firm created by Microsoft co-founder Paul Allen -- has invested $30 million in the vehicle-shopping site....
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GM gets investment from Hayman Capital as U.S. exits, report says

1:46 pm U.S. ET | Dec. 4, 2013
Investment company Hayman Capital Management has taken a stake in General Motors, a person familiar with the matter told Bloomberg. The automaker is poised to appreciate as the federal government winds down its ownership stake, the hedge fund said....
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