Overview

The U.S. Middle-Market Buyout/Growth team makes control and minority investments in lower middle market companies with significant unrealized growth potential, both in the United States and internationally.

Carlyle Equity Opportunity Fund

Launched in 2011, CEOF focuses on buyout transactions requiring equity capital of $25-150MM per transaction. The Fund focuses on opportunities in Carlyle’s 6 industry power alleys: aerospace & defense, technology, consumer & retail, telecom & media, industrial and healthcare.

Investment Industry Acquired Status
Apex Parks Group

Festival Fun Parks, LLC, 14 Family Entertainment Centers and One Water Park comprises 14 family entertainment centers and one water park.

Telecom & Media Current
AxleTech International Holdings, LLC

AxleTech International Holdings, Inc. manufactures and supplies axles, axle components, planetary axles, brakes, and aftermarket parts. AxleTech was previously owned from 2005 through 2008 by Carlyle’s US Buyout fund.

Industrial Current
Blyth, Inc.

Blyth is a leading designer, manufacturer, and marketer of candles and other home fragrance products. The company sells its products under the PartyLite brand through a network of independent selling consultants primarily throughout the United States and Europe.

Consumer & Retail Current
Bonotel LLC

Bonotel LLC is an aggregator and wholesale distributor of branded and boutique luxury hotel rooms to a longstanding base of international wholesale clients. The Company works with a network of more than 2,200 hotel partners and provides seamless electronic distribution to more than 1,500 international tour operators.

Technology & Business Services Current
Coalfire Systems Inc.

Coalfire is a global cybersecurity and technology services provider specializing in cyber risk advisory, compliance assessments, technical testing and software services for clients in sectors including technology, retail, payments, healthcare, financial services, education, local and state government, and utilities.

Technology & Business Services Current
Dynamic Precision Group

DPG was created to build a platform of leading independent manufacturers of critical components for the hot section of commercial and military aircraft engines and industrial gas turbines.  DPG has acquired TurboCombustor Technology, Paradigm Precision and certain facilities from Unison Engine Components, a subsidiary of GE Aviation.

Aerospace, Defense & Government Services Current
ECi Software Solutions

ECi Software Solutions is a leading provider of industry-specific enterprise resource planning (“ERP”) and business applications to small and medium sized businesses in the (i) office supplies, (ii) lumber, building materials, and hardware, (iii) manufacturing, (iv) business equipment, and (v) commercial furniture markets. The Company’s ERP modules include core accounting, supply chain management, eCommerce and Point of Sale solutions.

Technology & Business Services Current
Interlink Maritime Corp.

Interlink Maritime Corp., headquartered in Bermuda, owns a fleet of modern eco-designed handysize dry bulk vessels.

Transportation Current
Manna Pro Products

Manna Pro Products, LLC manufactures and markets animal feeds for animal care and nutrition.

Consumer & Retail Current
Philadelphia Energy Solutions

Philadelphia Energy Solutions is the longest continuously operating refinery on the East Coast, processing 330,000 barrels of crude oil per day into various refined products.

Energy & Power Current
PrimeSport Holdings, Inc.

PrimeSport is an event lifecycle management company and vertically-integrated eCommerce leader focused on monetizing the biggest sporting events in the world through premium ticket sales, travel packages, and exclusive hospitality events.

Technology & Business Services Current
Sequential Brands Group, Inc.

Sequential Brands Group, Inc. owns, promotes, markets, and licenses a portfolio of consumer brands to retailers, wholesalers, and distributors in the United States and internationally.

Consumer & Retail Current
Traxys Group

Traxys S.A. provides financial and logistical solutions for the ferroalloy, metal, mineral, mining, and energy industries.

Energy & Power Current
Worldstrides

WorldStrides is the nation’s largest provider of supplemental educational student travel programs. The Company is the only provider to be accredited by all six of the regional accrediting bodies recognized by the Department of Education. WorldStrides leads group travel programs to more than 80 countries and serves approximately 200,000 students annually, from elementary through graduate schools.

Consumer & Retail Exited
Carlyle U.S. Equity Opportunity Fund II, L.P.

Launched in 2015 with $2.4 billion in total commitments, CEOF II focuses on middle-market and growth companies in the U.S. and Canada.

Investment Industry Acquired Status
Array Canada Inc.

Array manufactures in-store merchandising solutions for the prestige cosmetics industry.

Industrial Current
LDiscovery, LLC

LDiscovery offers a full scope of E-Discovery and related solutions to corporations, law firms and government agencies.

Technology & Business Services Current
SEACOR Marine Holdings Inc.

SEACOR Marine LLC, a transportation and offshore services company, operates a fleet of offshore marine support vessels.                                                

Infrastructure Current
Carlyle U.S. Growth Fund III

Launched in 2006 with $605MM in total commitments, CGP III focuses principally on buyouts of growth companies operating in Carlyle’s 6 industry power alleys: aerospace & defense, technology, consumer & retail, telecom & media, industrial and healthcare.

Investment Industry Acquired Status
Air2Web, Inc.

Air2Web, Inc. is a developer of mobile messaging and marketing applications and services.

Technology & Business Services Exited
Apollo Global

Apollo Global is a joint venture between Carlyle and Apollo Group (NASDAQ: APOL) to pursue investments in for-profit schools and supplemental education companies outside of the United States.

Consumer & Retail Exited
Archive Systems

Archive Systems provides services that automate and streamline complex processes to manage the flow of document-based work.

Technology & Business Services Exited
Authentix, Inc.

Authentix, Inc. is a science and technology company that researches, develops and supplies authentication products and services for a full suite solution.

Technology & Business Services Current
Carefx, Corp.

During the period of Carlyle's ownership, Carefx, Corp. was a provider of healthcare interoperability solutions including identity and access management and enterprise portals for hospitals, Regional Health Information Organizations (RHIOs) and Health Information Exchanges (HIEs).

Healthcare Exited
Catapult Learning LLC

Catapult Learning is a technology-enabled, K-12 services provider that offers a suite of intervention, professional development, and dropout recovery programs.

Technology & Business Services Current
eScreen, Inc.

eScreen, Inc. is a leading provider of the industry's first and only automated, instant and rapid drug test, serving more than 400 employers through a network of over 1,500 clinics nationwide. eScreen's suite of related offerings include medical review, physicals and integrated pre-employment program management software.

Healthcare Exited
Gemcom Software International, Inc.

Gemcom Software International, Inc. provides software and service solutions to the mining industry enabling mining companies to evaluate, manage and monitor mine operations from the early exploration stage through final production.

Technology & Business Services Exited
Observint Technologies

Observint Technologies develops, manufactures and markets video surveillance solutions. The Company operates four different business lines: Supercircuits, Security Cameras Direct, DIGIOP, and SC Technologies.

Aerospace, Defense & Government Services Exited
Primatics Financial Holdings, Inc.

Primatics Financial LLC provides loan accounting, valuation, compliance, and risk management software and outsourcing solutions to banks and other financial institutions.

Technology & Business Services Exited
Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. develops, implements,and supports the Quorum Energy Software Suite, a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.

Energy & Power Exited
REVShare

REVShare is an aggregator of remnant television advertising inventory and the operator of an exchange that allows advertisers to bid for television time on a performance basis.

Technology & Business Services Exited
Rhythm NewMedia, Inc.

During the period of Carlyle's ownership, Rhythm NewMedia, Inc. was a developer of video-ad REPLACEions and tracking software for mobile operators, advertisers and agencies.

Technology & Business Services Exited
RMI, Inc.

RMI, LLC provides web-based transportation and logistics solutions for a variety of participants in the transportation industry, including short-line, regional, Class I and terminal switching railroads, railcar leasing companies, rail shippers and barge operators.

Technology & Business Services Exited
SchoolNet, Inc.

SchoolNet, Inc. is the market leader in enterprise data management solutions for K-12 public school districts.

Technology & Business Services Exited
Vubiquity Holdings, Inc.

Vubiquity Holdings, Inc. is the largest global provider of multiplatform video services. Vubiquity works with all the major studios and TV networks, and with over 270 multichannel video service providers, providing a suite of managed services that enable the monetization of content.

Telecom & Media Current
Carlyle Venture Partners

Launched in 1997 at $210 million, this fund invests growth capital in emerging technology companies in North America.

Investment Industry Acquired Status
Anyday.com

During the period of Carlyle's ownership, Anyday.com provided time sensitive communications, commerce and media services. It was sold to Palm, Inc. in 2000.

Technology & Business Services Exited
Blackboard, Inc.

During the period of Carlyle's ownership, Blackboard, Inc. was a leading provider of enterprise software and services to the education industry.

Technology & Business Services Exited
BNX Systems

During the period of Carlyle's ownership, BNX Systems was a provider of enterprise-wide Controlled Access Management that offered a stronger and more efficient method of user logon with streamlined access to critical applications.

Technology & Business Services Exited
Bredbandsbolaget AB

During the period of Carlyle's ownership, Bredbandsbolaget AB was a broadband communications company. The company was sold to Telenor AB in July 2005.

Telecom & Media Exited
Cidera, Inc.

During the period of Carlyle's ownership, Cidera operated an international satellite-based network that transmitted high-bandwidth data to various points of presence in North America and Europe.

Technology & Business Services Exited
e-Numerate Solutions, Inc.

During the period of Carlyle's ownership, e-Numerate Solutions, Inc. was a publishing application for numerical data.

Technology & Business Services Exited
Equinix, Inc.

During the period of Carlyle's ownership, Equinix, Inc. designed, built and operated Internet Business Exchange facilities, which served as hubs for critical IP networks and Internet operations worldwide.

Technology & Business Services Exited
Grant Street Group

During the period of Carlyle's ownership, Grant Street Group provided software infrastructure and a hosted service to enable its customers to conduct online auctions of fixed income securities.

Technology & Business Services Exited
Heritage Health Systems, Inc.

During the period of Carlyle's ownership, Heritage Health Systems, Inc. operated joint ventures with independent practice associations of physicians that market health plan products and contract with health insurers. The company was sold to Universal American Financial Corp. in May 2004.

Healthcare Exited
Imagitas, Inc.

During the period of Carlyle's ownership, Imagitas, Inc. managed mandatory government agency communications in exchange for the ability to wrap relevant direct marketing messages around these communications. The company was sold to Pitney Bowes, Inc. in May 2005.

Technology & Business Services Exited
Ingenio

During the period of Carlyle's ownership, Ingenio was the leading commerce platform for buying and selling live advice and information.

Technology & Business Services Exited
Innovation Factory, The

During the period of Carlyle's ownership, The Innovation Factory was an incubator of novel medical device technologies.

Healthcare Exited
Mainstream Data, Inc.

During the period of Carlyle's ownership, Mainstream Data, Inc. operated and administered five satellite networks in North America and Europe and one Internet VPN network to distribute high bandwidth content, including text news, stock quotations, digital images and digital audio.

Technology & Business Services Exited
Narrative Communications Corp.

During the period of Carlyle's ownership, Narrative Communications Corp. was a leading developer of high-impact advertising and multimedia streaming solutions for the Web. The company was sold to AtHome Corporation in 1999 and Carlyle subsequently distributed to its investors cash proceeds from stock sales.

Technology & Business Services Exited
Neptune Communications - Pacific Telecom

During Carlyle's period of ownership, Neptune Communications - Pacific Telecom was engaged in the development, operation and maintenance of submarine fiber optic cable facilities. The Company was acquired by Global Crossing Limited in 1999.

Telecom & Media Exited
Neptune Communications- Pacific Telecom

Submarine fiber optic cable operator.

Telecom & Media Exited
Primary Health, Inc.

During the period of Carlyle's ownership, Primary Health, Inc. offered a full suite of health plan products including provider network services, medical management programs and administrative services.

Healthcare Exited
Rainfinity, Inc.

During the period of Carlyle's ownership, Rainfinity, Inc. was the developer of a unique software technology that enhances the reliability and performance of enterprises' Internet infrastructures. The company was sold to EMC in July 2005.

Technology & Business Services Exited
Realeum, Inc.

During the period of Carlyle's ownership, Realeum, Inc. developed an enterprise, web-based management software solution designed to optimize the leasing process and manage the assets for commercial properties in the multi-family real estate industry. The company was purchased by First Advantage Corporation in April 2004.

Technology & Business Services Exited
Sight Resource Corporation

During the period of Carlyle's ownership, Sight Resource Corporation provided a full range of primary eye care products and services.

Healthcare Exited
STARBAK Communications, Inc.

During the period of Carlyle's ownership, STARBAK Communications, Inc. developed content distribution servers specifically designed to deliver high quality streaming media over the Internet.

Technology & Business Services Exited
US Business Exchange

During the period of Carlyle's ownership, US Business Exchange provided M&A advisory services to small- and medium-sized businesses.

Technology & Business Services Exited
Varsity Group, Inc.

During the period of Carlyle's ownership, Varsity Group, Inc. was an online retailing company specializing in textbooks.

Technology & Business Services Exited
Carlyle Venture Partners II

Launched in 2001 at $602 million, this fund invests growth capital in emerging technology companies in North America.

Investment Industry Acquired Status
Actelis Networks, Inc.

Actelis Networks, Inc. develops telecommunications equipment that enables carriers to enhance their current communications infrastructure by boosting copper speed, range and reliability to achieve fiber performance and quality, while decreasing overall cost.

Telecom & Media Exited
Acufocus, Inc.

AcuFocus, Inc. is commercializing a novel surgical implant for the correction of presbyopia (age-related farsightedness).

Healthcare Current
Adesso Systems, Inc.

During the period of Carlyle's ownership, Adesso Systems, Inc. was a provider of mobile application development platforms for rapid development, deployment and maintenance of mobile enterprise applications.

Technology & Business Services Exited
Appfluent Technology, Inc.

During the period of Carlyle's ownership, Appfluent Technology, Inc., formerly InfoCruiser, developed software to improve the performance of database-dependent enterprise applications.

Technology & Business Services Exited
AqueSys, Inc.

AqueSys, Inc. was formed to commercialize a novel device-based therapy for glaucoma, a disease of high pressure in the eye that is a leading cause of blindness in the world.

Healthcare Exited
Archetype Solutions, Inc.

During the period of Carlyle's ownership, Archetype Solutions, Inc. developed a software solution that customizes each item of clothing ordered by a customer for that customer's specific body type and style preferences.

Technology & Business Services Exited
AuthenTec, Inc.

During the period of Carlyle's ownership, AuthenTec, Inc. was a fabless semiconductor manufacturer that designed and produced placement and swipe sensors for fingerprint biometrics.

Technology & Business Services Exited
Canesta, Inc.

During the period of Carlyle's ownership, Canesta, Inc. provided "electronic perception" technology that sight-enables machines.

Technology & Business Services Exited
Cellutions, Inc.

Cellutions, Inc. was formed to commercialize a novel device-based treatment for the cosmetic appearance of cellulite.

Healthcare Exited
Command Information, Inc.

During the period of Carlyle's ownership, Command Information, Inc. was an early stage investment to create a market leading provider of high end consulting services and solutions for Internet Protocol version 6.

Technology & Business Services Exited
Compusearch Software Systems

During the period of Carlyle's ownership, Compusearch was a provider of procurement software and services to the federal government market.

Technology & Business Services Exited
DHS Systems, LLC

During the period of Carlyle's ownership, DHS Technologies, LLC was a leader in the design and production of quick erect / strike tactical shelters and integrated support trailers for the military, state and local governments and commercial purposes.

Technology & Business Services Exited
Endius, Inc.

During the period of Carlyle's ownership, Endius, Inc. was a developer and manufacturer of minimally-invasive spinal surgery tools.

Healthcare Exited
Indigo Systems, Inc.

During the period of Carlyle's ownership, Indigo Systems, Inc. was a designer and manufacturer of both complete infrared camera systems and the underlying semiconductors that power infrared systems. Indigo was acquired by FLIR Systems, Inc. for cash in 2004.

Aerospace, Defense & Government Services Exited
ISR Solutions, Inc.

During the period of Carlyle's ownership, ISR Solutions, Inc. was the leading independent security systems integrator in the U.S. ISR was acquired by The Stanley Works in December 2004.

Technology & Business Services Exited
Liquid Engines, Inc.

During the period of Carlyle's ownership, Liquid Engines, Inc. provided software and services to large, multi-jurisdictional and multi-national corporate taxpayers that analyzed and optimized cash and tax effects of corporate transactions.

Technology & Business Services Exited
LVL7 Systems, Inc.

During the period of Carlyle's ownership, LVL7 Systems, Inc. provided protocol software to enable networking devices in the enterprise, wireless, access and metro ethernet end markets.

Technology & Business Services Exited
Matrics, Inc.

During the period of Carlyle's ownership, Matrics, Inc. was a developer of radio frequency identification ("RFID") technologies and systems, which are used to enhance the visibility of assets in supply chain environments. Matrics was sold to Symbol Technologies in September 2004.

Technology & Business Services Exited
NeoVista, Inc.

NeoVista, Inc. is a developer of device-based therapy for age-related macular degeneration (AMD), the leading cause of blindness in older Americans.

Healthcare Exited
Panasas, Inc.

Panasas, Inc. is developing scalable, distributed network storage systems that can be cost-effectively deployed on both a limited or wide-scale basis.

Technology & Business Services Exited
Proteus Digital Health

Proteus Digital Health is developing products based on MEMS technology to improve congestive heart failure therapy.

Healthcare Current
Remedy Health Media LLC

Online media company focused on consumer-oriented heatlh care information and content.

Telecom & Media Exited
Secure Elements, Inc./Fortinet, Inc.

During the period of Carlyle's ownership, Secure Elements, Inc. was a developer of vulnerability management software that automated security remediation strategies and tactics for network security.

Technology & Business Services Exited
SMaL Camera Technologies, Inc.

During the period of Carlyle's ownership, SMaL Camera Technologies, Inc. was a developer of CMOS imaging sensors and camera modules. In February 2005, the company was acquired by Cypress Semiconductor.

Technology & Business Services Exited
Sonitrol Holding Corp., LLC

During the period of Carlyle's ownership, Sonitrol Holding Corp., LLC was a national provider of security alarm monitoring services, primarily to commercial enterprises. The company was the second-largest commercial security provider in the U.S., and offered burglar, fire, access control and video surveillance to businesses nationwide.

Technology & Business Services Exited
StrionAir, Inc.

During the period of Carlyle's ownership, StrionAir, Inc. provided high efficiency air filtration and purification systems for government, commercial, and residential HVAC systems.

Industrial Exited
TradeBeam, Inc.

During the period of Carlyle's ownership, TradeBeam, Inc. was a provider of Global Trade Management software and services that streamlined global trading processes for enterprises and their partners. The company's solutions provided import and export compliance, inventory management, shipment tracking, supply chain event management, and global trade finance solutions such as open account and letter of credit management.

Technology & Business Services Exited
Transport Pharmaceuticals, Inc.

During the period of Carlyle's ownership, Transport Pharmaceuticals, Inc. was a developer of products that use iontophoresis to effect trans-dermal drug delivery for a number of dermatological conditions.

Healthcare Exited
TrenStar, Inc.

During the period of Carlyle's ownership, TrenStar, Inc. was a provider of outsourced logistics and supply chain infrastructure to major manufacturers across a variety of vertical markets. The company used a combination of in-house and off-the-shelf logistics software along with RFID technology to track and monitor the asset base of its customers.

Technology & Business Services Exited
Verari Systems, Inc.

During the period of Carlyle's ownership, Verari Systems, Inc. was a vendor of blade servers, rack servers and supercomputer cluster systems for the Linux clustered server market.

Technology & Business Services Exited
Viator, Inc.

Viator, Inc. is a global online booking service of destination activities, such as sightseeing trips, tours and airport transfers, for consumers and travel industry affiliates such as Travelocity, priceline.com, Intercontinental, Starwood and Wyndham.

Technology & Business Services Current
Wall Street Institute, Inc.

During the period of Carlyle's ownership, Wall Street Institute, Inc. was a global operator and franchisor of English language instruction services.

Consumer & Retail Exited
WCI Cable, Inc.

During the period of Carlyle's ownership, WCI Cable, Inc. was the owner and operator of a submarine telecommunications cable connecting Alaska with the continental U.S. and a terrestrial network connecting the major cities of Alaska.

Telecom & Media Exited

CEOF is the primary repository for corporate investment opportunities in the United States and Canada requiring equity capital of $25 million to $150 million; commonly referred to as the "middle market". CEOF focuses on companies that can capitalize on Carlyle's extensive global network, broad range of "OneCarlyle" resources, and over 27-year track record of success in the U.S. middle market.   

CEOF is a control-oriented fund that invests opportunistically in companies demonstrating compelling relative valuations and growth potential, leveraging the firm's "OneCarlyle" platform, including: I) expertise across multiple sectors, particularly the 6 core U.S. sectors where the firm has dedicated industry teams; ii) robust network of deal sourcing relationships; iii) network of more than 200 portfolio companies; iv) more than 700 investment professionals in 35 offices; and v) network of Operating Advisors with extensive operational experience, collectively, the "OneCarlyle" platform.

We seek out investment opportunities that can demonstrate one or more of the following characteristics:

  1.  Ability for Carlyle resources to impact investment results directly;

  2.  Unrealized growth potential; Potential for strategic redirection;

  3.  Opportunity to drive operational improvements.

  4.  Risk mitigation because of cash flow, intellectual property or other assets.

In addition to CEOF,  the investment team also manages a predecessor fund, Carlyle U.S. Growth Partners III (CGP III), a $605 million fund launched in 2006.  CGP III is fully invested at this time, so all new investment opportunities are pursued via CEOF.

Team Member Title Location Industry
Kanica Allagh Associate Washington, DC
Stephen W. Bailey Managing Director Washington, DC Generalist
Alexander Blankfein Senior Associate New York, NY
Michael Carajohn Associate New York, NY
Brooke B. Coburn Managing Director Washington, DC Generalist
Rodney S. Cohen Managing Director New York, NY Generalist
Will Darman Managing Director Washington, DC Generalist
RJ David Vice President New York, NY
Christopher Eldridge Senior Associate New York, NY
Adam Glucksman Managing Director New York, NY Generalist
Lee Goehring Associate Washington, DC
Michael G. Gozycki Managing Director Washington, DC Generalist
Brandon Hedvat Senior Associate New York, NY
Abe Hidary Senior Associate New York, NY
Daniel Hodges Senior Associate New York, NY
Charles S. Munzig Vice President New York, NY Generalist
Peter O'Hagan Managing Director New York, NY
Drew Olian Vice President New York, NY
Charles O. Rossotti Operating Executive Technology & Business Services
Jack Schrager Associate New York, NY
Steven Shenker Associate New York, NY
James C. Shillito Vice President New York, NY
Adam Sokoloff Managing Director New York, NY
David A. Stonehill Managing Director New York, NY Generalist
John Tiernan Associate Washington, DC
Jill Wight Principal New York, NY
Company Industry Acquired Status
Service King I Technology & Business Services
Dallas, TX, USA
Exited
Worldstrides Consumer & Retail
United States
Exited