The Carlyle Group Raises $1.1 Billion for Middle Market Buyouts in North America

  The Carlyle Group Raises $1.1 Billion for Middle Market Buyouts in North
  America

 Experienced Team, Industry Expertise, Carlyle Global Resources Position Fund
                          for Large Opportunity Set

Business Wire

WASHINGTON & NEW YORK -- November 07, 2012

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today
announced that it has raised $1.1 billion for U.S. middle market buyout
investments. Carlyle Equity Opportunity Fund (CEOF) targets control
investments in middle market companies requiring equity capital of $25 million
to $150 million per transaction. The fundraising effort exceeded Carlyle’s
goal of $1 billion.

“We are gratified by the strong investor demand for this fund, particularly
given the challenging fundraising market. We see incredible opportunities in
this large and under-served market and have a great team to pursue them,” said
Rodney Cohen, Managing Director and Co-head of the U.S. middle market
investment team. “The fund is off to a great start, with four investments in
thriving middle market companies, each of which leverages Carlyle’s industry
expertise and global network.”

CEOF builds on Carlyle’s more than two decades of investing more than $3.4
billion in 64 transactions in the mid-market buyout space. To date, the
14-person CEOF team has invested more than 20% of the fund in four
transactions: Philadelphia Energy Solutions (formerly Sunoco Refinery);
Dynamic Precision Group, an aerospace component manufacturer; Worldstrides, a
provider of educational student travel programs and Service King, the largest
collision repair multi-shop operator in Texas and the third largest in the
United States.

Brooke Coburn, Managing Director and Co-head of the U.S. middle market
investment team, said, “Carlyle’s strong, 25-year track record in smaller
buyouts, together with the competitive advantages from Carlyle’s global reach,
extensive portfolio company holdings and dedicated industry teams, position us
to make attractive investments, including our recent investment in
Philadelphia Energy Solutions, which saved Sunoco’s Philadelphia refinery.”

A previous fund, Carlyle U.S. Growth Fund III, a $605 million fund launched in
2006, focused on venture capital and smaller buyouts. CEOF was advised by
Simpson Thacher & Bartlett LLP.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $156
billion of assets under management across 99 funds and 63 fund of fund
vehicles as of June 30, 2012. Carlyle's purpose is to invest wisely and create
value. Carlyle invests across four segments – Corporate Private Equity, Real
Assets, Global Market Strategies and Fund of Funds Solutions – in Africa,
Asia, Australia, Europe, the Middle East, North America and South America.
Carlyle has expertise in various industries, including: aerospace, defense &
government services, consumer & retail, energy, financial services,
healthcare, industrial, technology & business services, telecommunications &
media and transportation. The Carlyle Group employs 1,300 people in 32 offices
across six continents.
www.carlyle.com
www.youtube.com/onecarlyle
www.twitter.com/onecarlyle

Contact:

The Carlyle Group
Liz Gill, +1-202-729-5385
Elizabeth.gill@carlyle.com
 
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