Deals
Carlyle Forms Venture to Buy $5 Billion in Shipping Assets
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Carlyle Group, the world’s second-biggest private-equity firm, is forming a venture to buy more than $5 billion in container, dry bulk and tanker vessels as well as other shipping assets.
The venture, led by investors Gerry Wang and Graham Porter, will deploy $900 million in equity capital over the next five years, Carlyle Group said today in a statement. It will focus on Chinese state-backed shipbuilders, lenders and shipping companies, it said.