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’Carlye Capital shareholders vote
Investment company Carlyle Capital Corp said Sunday its shareholders have voted unanimously in favour of a compulsory winding up, reports Reuters. The company said it will now start winding up and sell its remaining assets under Guernsey law.
Carlyle fails to save $22bn CCC fund
David Rubenstein, co-founder of the Carlyle Group, on Thursday pledged to compensate investors hit by the collapse of a $22bn MBS fund that the buy-out group floated seven months ago. After futile talks with banks to rescue Carlyle Capital Corp,
Carlyle Capital seeks standstill pact
Carlyle Capital Corporation said Monday it had requested a standstill agreement with its lenders after some of them liquidated almost a quarter of the Amsterdam-listed fund’s $21bn of RMBS. The Carlyle Group’s ill-judged foray into the public markets to launch CCC,
Weekend catch-up…
In case you missed these FT stories:
Carlyle faces more margin calls
The confrontation between the Carlyle Group and its bankers intensified on Friday as the buy-out group’s Amsterdam-listed fund,
Carlyle unit misses margin calls
Carlyle Capital Corp on Thursday became the latest casualty of the toughening attitude among banks towards even the largest private equity funds when the highly leveraged mortgage-backed securities fund said it had failed to meet margin calls from some of its lenders.