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Carlyle Group: Great Value Pick Amid Improving PE Landscape (Rating Upgrade)
Seeking Alpha· 2024-09-11 12:46
alexsl We see increasing evidence that deal flows for private equity asset managers are improving as the U.S. economy enters into a new monetary easing cycle. Acording to a recent report published by the Financial Times, four of the largest U.S. private capital groups, including Ares (ARES), Apollo (APO), Blackstone (BX), and KK R (KKR), have deployed a combined US$162bn in Q2 alone. Eamings data compiled by Bloomberg also indicate that seven of the world's largest private equity asset managers collectively ...
Abingworth appoints Robert DeBenedetto as Managing Director – Clinical Co-Development
GlobeNewswire News Room· 2024-09-10 08:00
London, UK and New York, USA, September 10, 2024 - Abingworth, a leading transatlantic life sciences investment firm and part of global investment firm Carlyle (NASDAQ: CG), today announced the appointment of Robert (Bob) DeBenedetto as Managing Director – Clinical Co-Development. Bob brings to Abingworth over 30 years of experience in the life sciences industry and will be working on Clinical Co-Development deals and execution with new and existing Abingworth portfolio companies. He will be based in Abingw ...
Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says
CNBC· 2024-09-10 06:14
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Concerns about a supply glut in the markets are "completely overplayed," Currie said at the annual Asia Pacific Petroleum Conference in Singapore, attributing it to excessive pessimism about Chinese demand amid flat U.S. crude oil production. SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. The key issue there is, the mar ...
OHA is Administrative Agent & Lead Left Arranger of Private Unitranche Financing Supporting Carlyle's Acquisition of Worldpac
GlobeNewswire News Room· 2024-09-09 20:14
New York, New York, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger of a private unitranche facility to support Carlyle's acquisition of Worldpac, Inc. ("Worldpac"), a formerly fully owned subsidiary of Advance Auto Parts, Inc. Worldpac is a national distributor of original equipment and quality aftermarket replacement automotive parts, primarily to independent service professionals. OHA provided the entire unitranche financing facility, whi ...
Carlyle Announces Issuance of Shares for Debt
Newsfile· 2024-09-05 22:30
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF) ("Carlyle" or the "Company") announces that it has agreed to issue an aggregate of 3,806,920 common shares (each, a "Share") at a deemed price of $0.05 per Share to certain directors of the Company (the "Insiders") and certain consultants of the Company as payment of debt in the aggregate amount of $190,346 (the "Debt Settlement"), to settle certain amounts owed by the Compan ...
Acentra Health Awarded a $298 Million Contract Renewal from the Centers for Medicare & Medicaid Services to Continue Improving Care Quality for Medicare Beneficiaries
GlobeNewswire News Room· 2024-09-05 13:53
Core Insights - Acentra Health has renewed its five-year contract with the Centers for Medicare & Medicaid Services (CMS) as a Beneficiary and Family Centered Care-Quality Improvement Organization (BFCC-QIO) through April 30, 2029, reinforcing its leadership in improving services for Medicare beneficiaries across 29 states [1][2] Company Overview - Acentra Health focuses on technology and health solutions aimed at enhancing outcomes for government healthcare agencies and priority populations [1] - The company combines public sector knowledge, clinical expertise, and technological innovation to modernize healthcare experiences for state and federal partners [4] Contract Significance - The renewal of the BFCC-QIO contract highlights Acentra Health's role as a vital partner in advancing health equity, access to quality care, and effective use of CMS resources for over 67 million Medicare beneficiaries [2][3] - Acentra Health has initiated over 5,000 quality improvement activities in the past five years to enhance care systems and service quality for Medicare beneficiaries [2] Advocacy and Support - The company has intervened in over 500,000 cases from 2019 to 2024 through the appeals process, ensuring beneficiaries receive essential care that may have been denied [2] - Acentra Health has provided immediate advocacy services to over 20,000 beneficiaries since 2019, assisting them in navigating healthcare complexities [2]
Acentra Health CEO Todd Stottlemyer Named to Virginia Business Magazine's ‘500 Power List' of Most Influential Leaders
GlobeNewswire News Room· 2024-09-03 13:47
Company Overview - Acentra Health is a technology and health solutions company focused on improving outcomes for government healthcare agencies and priority populations [1][5] - The company has over 3,200 employees and operates across 45 states and 25 federal agencies [2][5] - Acentra Health has been a key partner to Virginia's Department of Medical Assistance Services (DMAS) since 2007, providing services to 2 million Virginians under the Cardinal Care Medicaid program [2] Leadership Recognition - CEO Todd Stottlemyer has been named to the 2024 Virginia 500 Power List by Virginia Business Magazine, marking his third consecutive year on the list [1][4] - Stottlemyer has led Acentra Health since 2018, overseeing multiple acquisitions and more than doubling the company's global workforce [3] Recent Developments - In 2023, DMAS extended its partnership with Acentra Health, awarding a new five-year contract that includes service authorizations for behavioral health services [2] - Acentra Health is recognized for its innovative technology-based health solutions that drive efficiency and cost savings [2][5] Community Engagement - Stottlemyer is actively involved in community initiatives, recognized for raising over $1 million to combat childhood hunger during the pandemic [3]
Spectral Medical Provides August Tigris Trial Update
GlobeNewswire News Room· 2024-09-03 11:30
TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Spectral Medical Inc. ("Spectral" or the "Company") (TSX: EDT), a late-stage theranostic company advancing therapeutic options for sepsis and septic shock, today provided an update on the Company's Tigris trial, a Phase 3 follow-on study evaluating the use of Polymyxin B Hemoperfusion ("PMX") in a randomized controlled trial of adults treated for endotoxemia and septic shock. Tigris Enrollment: Robust enrollment into the second half of 2024, which continues the pa ...
Carlyle Secured Lending: Recent Pullback, Merger And Discount To NAV Makes Them A Buy (Rating Upgrade)
Seeking Alpha· 2024-08-31 12:00
sankai Introduction Carlyle Secured Lending (NASDAQ:CGBD) is a business development company that has been one of my favorite smaller cap BDCs for a while. The stock has performed well in a high-interest rate environment, but their portfolio companies have faced some headwinds recently. Additionally, they recently announced a merger with Carlyle Secured Lending III that is expected to provide benefits such as increased liquidity, size and scale for the company moving forward. With the share price experiencin ...
Carlyle Credit Income Fund Announces Private Placement of Convertible Preferred Shares and Registered Direct Placement of Common Shares
GlobeNewswire News Room· 2024-08-27 12:05
NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (the "Fund") (NYSE: CCIF), an externally managed closed-end fund focused on investing in primarily equity and junior debt tranches of collateralized loan obligations, has entered into a Purchase Agreement with certain institutional investors for the purchase and sale of approximately 11,517 shares of the Fund's 7.125% Series B Convertible Preferred Shares due August 2029 (the "Convertible Preferred Shares"), liquidation preference $1,000 ...