US Buyout | The Carlyle Group

Overview

The Carlyle U.S. Buyout team engages in buyouts, privatizations and strategic minority investments in partnership with experienced management teams throughout the United States and Canada.

Carlyle Partners II

Launched in 1996 at $1.3 billion, this fund conducts leveraged buyout transactions in North America in targeted industries.

Investment	Industry	Invested	Status
Carlyle Core Chicago, L.L.C. Formed to acquire, develop and manage real estate facilities for telecom tenants.	Telecom & Media	Jul 1999	Exited
Composite Structures During the period of Carlyle's ownership interest, Composite Structures, L.L.C. was a manufacturer of lightweight metal and fiber composite structural components for military and commercial programs.	Aerospace, Defense & Government Services	Jul 1997	Exited
CoreSite - Market Post Tower CoreSite - Market Post Tower is a 15-story, Class-A office tower with unparalleled broadband connections located in the San Jose, CA Central Business District.	Telecom & Media	Feb 2000	Exited
Dr Pepper/Seven Up Bottling Group During the period of Carlyle's ownership, Dr Pepper/Seven Up Bottling Group was the largest independent manufacturer, marketer and distributor of carbonated soft drinks and new age beverages in the U.S.	Consumer & Retail	May 1998	Exited
Duratek, Inc. During the period of Carlyle's ownership, Duratek, Inc. provided the total solution to customers' radioactive waste needs, from field services at client sites to offsite waste processing and disposal linked together by its extensive transportation services.	Industrial	Jan 1995	Exited
EG&G Technical Services, Inc. During the period of Carlyle’s ownership, EG&G Technical Services, Inc. was a leading provider of management, engineering, scientific, logistics and technical services primarily to agencies of the U.S. government.	Aerospace, Defense & Government Services	Aug 1999	Exited
Elgar Electronics Corporation During the period of Carlyle's ownership, Elgar Electronics Corporation was a manufacturer of power testing and power supply equipment for military and commercial markets, primarily in the U.S.	Industrial	Apr 1996	Exited
Empi, Inc. During the period of Carlyle's ownership, Empi, Inc. was one of the leading medical device companies for rehabilitative medicine in the U.S.	Healthcare	Aug 1999	Exited
Entertainment Publications, Inc. During the period of Carlyle's ownership, Entertainment Publications, Inc. was the world's leading marketer of coupon books, discounts and merchant promotions.	Consumer & Retail	Nov 1999	Exited
Federal Data Corporation During the period of Carlyle’s ownership, Federal Data Corporation was a leading computer systems integrator and information technology service provider.	Aerospace, Defense & Government Services	Nov 1995	Exited
Gemini Air Cargo, Inc. During the period of Carlyle's ownership, Gemini Air Cargo, Inc. was the world's second largest supplier of outsourced air freighter services.	Transportation	Aug 1999	Exited
Genesis Cable Communications, LLC Genesis Cable Communications, L.L.C. was formed in 1996 to acquire, own, hold, operate and dispose of cable television systems in secondary and tertiary markets of the southeastern U.S. During Carlyle's ownership, the company acquired a total of 12 cable systems serving 50,700 subscribers in Florida, Georgia, Mississippi, North Carolina, Oklahoma and South Carolina.	Telecom & Media	Oct 1996	Exited
Honsel International Technologies Holdings SARL During the period of Carlyle's ownership, Honsel International Technologies was the European market leader for automotive light metal parts.	Transportation	Mar 2000	Exited
Howmet International During the period of Carlyle’s ownership, Howmet International was the worldwide leader in the investment casting industry.	Aerospace, Defense & Government Services	Dec 1995	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	Mar 2000	Exited
InSight Health Services Corporation During the period of Carlyle’s ownership, InSight Health Services Corp. was a leading nationwide provider of diagnostic imaging, treatment, and related information services.	Healthcare	Oct 1997	Exited
Kuhlman Electric Corporation During the period of Carlyle's ownership, Kuhlman Electric Corporation designed, manufactured and marketed a broad range of transformers for electric utility distribution systems.	Industrial	Oct 1999	Exited
Lear Siegler Services, Inc. During the period of Carlyle’s ownership, Lear Siegler Services, Inc. was a leading service provider to the U.S. military, as well as to domestic and foreign government agencies.	Aerospace, Defense & Government Services	Sep 1997	Exited
NorthPoint Communications Group, Inc. NorthPoint Communications Group, Inc. is a national provider of high speed, local data network services.	Telecom & Media	Feb 1999	Exited
Piedmont Hawthorne Holdings, Inc. During the period of Carlyle's ownership, Piedmont/Hawthorne Holdings, Inc. was the second largest general aviation facility in the U.S. with a premier network of 35 fixed base operations	Transportation	Jul 1998	Exited
PRA International, Inc. During the period of Carlyle's ownership, PRA International, Inc. was a leading contract research organization, which provided clinical research and development services to the pharmaceutical and biotechnology industries.	Healthcare	Oct 1996	Exited
Prime Communications During the period of Carlyle's ownership, Prime Communications, LLC was formed to purchase cable television systems in Montgomery County, Maryland; Arlington County, Virginia; and Chicago, Illinois.	Telecom & Media	Jul 1998	Exited
The IT Group, Inc. The IT Group Inc. provides environmental consulting.	Industrial	Nov 1996	Exited
Triumph Group / Vought Aircraft Industries Designer, manufacturer and assembler of large aerostructure components.	Aerospace, Defense & Government Services	Jul 1996	Exited
U.S. Investigations Services, Inc. U.S. Investigations Services, Inc. provides background investigation services.	Aerospace, Defense & Government Services	Oct 1999	Exited
United Defense Industries, Inc. During the period of Carlyle's ownership, United Defense Industries, Inc. was a leader in the design, development and production of combat vehicles, artillery, naval guns, missile launchers and precision munitions.	Aerospace, Defense & Government Services	Oct 1997	Exited
United States Marine Repair, Inc. During the period of Carlyle’s ownership, United States Marine Repair, Inc. was the largest non-nuclear ship repair company in the U.S.	Aerospace, Defense & Government Services	Nov 1997	Exited
Xcelerate Corporation During the period of Carlyle’s ownership interest, Xcelerate Corp. was an Internet professional services firm that provided end-to-end e-commerce business development for its customers.	Technology & Business Services	Mar 2000	Exited

Carlyle Partners III

Launched in 2000 at $3.9 billion, this fund conducts leveraged buyout transactions primarily in North America in targeted industries.

Investment	Industry	Invested	Status
Air Cargo, Inc. During the period of Carlyle's ownership, Air Cargo, Inc. offered its customers ready access on a nationwide basis to a range of ground transportation services.	Transportation	Oct 2002	Exited
Align Technology, Inc. During the period of Carlyle's ownership, Align Technology, Inc. was an orthodontics device company whose lead product offering, called the Invisalign System, consisted of a series of customized, clear, plastic retainer-like appliances.	Healthcare	May 2000	Exited
AMC Entertainment, Inc. AMC Entertainment, Inc. is one of the world's leading film exhibition companies.	Telecom & Media	Jul 2004	Exited
Aviall Services, Inc. During the period of Carlyle's ownership, Aviall, Inc. was a leading solutions provider of aftermarket supply-chain management services for the aviation and marine industries.	Aerospace, Defense & Government Services	Dec 2001	Exited
Avio SpA During the period of Carlyle's ownership, Avio SpA was a leader in the design, development and production of subsystems and components for military and civil aeroengines, aeroengine derivatives for power generation and marine applications, and propulsion systems for space launch vehicles and tactical missile applications.	Aerospace, Defense & Government Services	Sep 2003	Exited
Casema BV During the period of Carlyle's ownership, Casema was one of the Netherlands' leading cable operators.	Telecom & Media	Jan 2003	Exited
CityNet Telecommunications, Inc. Metro-area broadband infrastructure provider	Telecom & Media	Apr 2001	Exited
Communications & Power Industries, Inc. During the period of Carlyle's ownership, CPI was a world leader in the development, manufacture and distribution of components for systems used primarily to generate, amplify and transmit high-power/high-frequency microwave and radio frequency signals.	Aerospace, Defense & Government Services	Aug 2002	Exited
ConnectiCare Holdings, Inc. During the period of Carlyle's ownership, ConnectiCare Holdings, Inc. was a regional health maintenance organization.	Healthcare	Jun 2001	Exited
CPU Technology, Inc. CPU Technology, Inc. develops innovative System-on-Chip based multiprocessor architectures for high performance embedded and general purpose computing. The company's technology has been uniquely applied to solve long-term obsolescence problems in complex legacy electronics systems.	Technology & Business Services	Mar 2001	Exited
Dex Media During the period of Carlyle's ownership, Dex Media was the nation's third largest Yellow Pages publisher with significant online local search capabilities.	Telecom & Media	Nov 2002	Exited
Firth Rixson Limited During the period of Carlyle's ownership, Firth Rixson Limited was the leading integrated provider of highly engineered rings, forgings and specialty metal products to the aerospace sector and a range of industrial markets.	Aerospace, Defense & Government Services	Dec 2000	Exited
Grand Vehicle Works Holdings Corporation During the period of Carlyle's ownership, Grand Vehicle Works Holdings Corporation was a premier provider of transportation products and related services to truck fleets and users of specialty and recreational vehicles through two operating subsidiaries.	Transportation	May 2000	Exited
Hawaiian Telcom Communications, Inc. During the period of Carlyle's ownership, Hawaiian Telcom was a local telecommunications services provider.	Telecom & Media	May 2005	Exited
Horizon Lines, LLC During the period of Carlyle's ownership, Horizon Lines, LLC was the nation's largest container shipping company, accounting for over 35% of all U.S. marine container shipments from the U.S. mainland to Alaska, Hawaii / Guam and Puerto Rico.	Transportation	Feb 2003	Exited
Insight Communications Company, Inc. Insight Communications Company is the tenth largest cable operator in the United States, serving approximately 700,000 basic video customers in the three contiguous states of Indiana, Kentucky and Ohio.	Telecom & Media	Dec 2005	Exited
InteliStaf Group, Inc. During the period of Carlyle's ownership, InteliStaf Group, Inc. provided flexible, tailored, temporary staffing of skilled nurses and other medical professionals.	Healthcare	Oct 2000	Exited
Jazz Semiconductor, Inc. During the period of Carlyle's ownership, Jazz Semiconductor, Inc. was a commercial semiconductor foundry focused on low volume/high mix specialty, analog radio frequency applications.	Technology & Business Services	Mar 2002	Exited
Landmark Aviation During the period of Carlyle's ownership, Landmark Aviation (formerly Piedmont/Hawthorne Holdings, Inc.) was a leading provider of aftermarket services to the business aviation industry.	Aerospace, Defense & Government Services	Aug 2004	Exited
MedPointe, Inc. During the period of Carlyle's ownership, MedPointe, Inc. developed, manufactured and marketed a broad range of branded prescription specialty pharmaceutical products in the U.S.	Healthcare	Sep 2001	Exited
PanAmSat Corporation During the period of Carlyle's ownership, PanAmSat was a leading global provider of video, broadcasting and network distribution and delivery services.	Telecom & Media	Aug 2004	Exited
Panolam Industries International, Inc. During the period of Carlyle's ownership, Panolam Industries International, Inc. was a leader in the North American decorative laminate panel industry.	Industrial	Nov 1999	Exited
Relizon Company, The During the period of Carlyle's ownership, The Relizon Company was a leading provider of outsourced business communication services, including document management, marketing and billing solutions.	Technology & Business Services	Aug 2000	Exited
Rexnord Corporation During the period of Carlyle's ownership, Rexnord Corporation was a leading manufacturer of highly-engineered mechanical power transmission components.	Industrial	Nov 2002	Exited
Sippican, Inc. During the period of Carlyle's ownership, Sippican, Inc. was a leading designer and manufacturer of systems and associated expendable products for anti-ship missile defense, anti-submarine warfare training and specialized meteorological and oceanographic data gathering and processing.	Aerospace, Defense & Government Services	Apr 2002	Exited
Standard Aero Holdings, Inc. During the period of Carlyle's ownership, Standard Aero was a leading independent provider of aftermarket maintenance, repair and overhaul services primarily for gas turbine engines used for military, regional and business aircraft.	Aerospace, Defense & Government Services	Aug 2004	Exited
United Components, Inc. During the period of Carlyle's ownership, United Components, Inc. was a leading worldwide manufacturer and distributor of automotive parts and components to the aftermarket and specialized original equipment channels.	Transportation	Jun 2003	Exited
Vought Aircraft Industries, Inc. Independent supplier of aerostructure assemblies.	Aerospace, Defense & Government Services	Jul 2000	Exited
VTL During the period of Carlyle's ownership, VTL was a facilities-based competitive local exchange carrier providing local, long distance, Internet access and data services to businesses in the province of Quebec, Canada.	Telecom & Media	Dec 1999	Exited
WILLCOM, Inc. During the period of Carlyle's ownership, WILLCOM, Inc. was a Japanese provider of wireless data and voice services to corporate and individual customers.	Telecom & Media	Oct 2004	Exited

Carlyle Partners IV

Launched in 2005 at $7.8 billion, this fund conducts leveraged buyout transactions in North America in targeted industries.

Investment	Industry	Invested	Status
ADT CAPS Co., Ltd. ADT Caps is one of the leading advanced security monitoring and dispatch service providers in South Korea.	Industrial	May 2014	Exited
Allison Transmission, Inc. Allison Transmission, Inc. is the preeminent global designer, manufacturer and supplier of automatic transmissions for medium- and heavy-duty commercial vehicles and military vehicles.	Transportation	Aug 2007	Exited
ARINC Incorporated ARINC Incorporated is a leading global provider of transportation communications and systems engineering services primarily serving four key industries: commercial and business aviation, airports, surface transportation and defense.	Aerospace, Defense & Government Services	Oct 2007	Exited
AxleTech International Holdings, Inc. Supplier of planetary axles, brakes, other drivetrain components and aftermarket parts	Transportation	Oct 2005	Exited
Dunkin' Brands, Inc. Dunkin’ Brands, Inc. is a premier franchisor of quick service restaurants under the Dunkin' Donuts and Baskin-Robbins brands.	Consumer & Retail	Mar 2006	Exited
Hertz Corporation Hertz is the largest worldwide airport general use car rental brand operating from more than 8,500 locations in approximately 145 countries worldwide.	Transportation	Dec 2005	Exited
Insight Communications Company, Inc. Insight Communications Company is the tenth largest cable operator in the United States, serving approximately 700,000 basic video customers in the three contiguous states of Indiana, Kentucky and Ohio.	Telecom & Media	Dec 2005	Exited
JMC Steel Group (Formerly John Maneely Company) John Maneely Company is a leading manufacturer of welded steel pipe with seven main product lines: structural tubing, standard pipe, electrical conduit, sprinkler pipe, fence pipe, galvanized mechanical tubing, and fittings and couplings.	Industrial	Mar 2006	Exited
Kinder Morgan, Inc. Kinder Morgan, Inc. is one of the largest energy transportation, storage and distribution companies in North America, with approximately 37,000 miles of pipelines and more than 165 terminals. KMI's assets include the general partner interests of Kinder Morgan Energy Partners, L.P. (NYSE: KMP).	Energy & Power	May 2007	Exited
LifeCare Holdings, Inc. During the period of Carlyle's ownership, LifeCare operated 20 long-term acute care hospitals in 10 states with more than 1,000 beds.	Healthcare	Aug 2005	Exited
MultiPlan, Inc. During the period of Carlyle's ownership, MultiPlan, Inc. was the largest independent preferred provider organization in the United States, with 2,350 clients in all 50 states, the District of Columbia and Puerto Rico.	Healthcare	Apr 2006	Exited
Nielsen Company, The The Nielsen Company (formerly VNU Group, B.V.) is a leading global information and media company providing essential marketing information analytics and industry expertise to customers around the world.	Telecom & Media	May 2006	Exited
NXP Semiconductor N.V. NXP Semiconductor N.V. is a global leader in the design of embedded semiconductors for wireless, networking, automotive, consumer and industrial markets.	Technology & Business Services	Dec 2006	Exited
Open Solutions, Inc. During the period of Carlyle's ownership, Open Solutions, Inc. was a leading provider of software and software-enabled outsourcing solutions to banks, thrifts and credit unions.	Technology & Business Services	Jan 2007	Exited
Oriental Trading Company, Inc. During the period of Carlyle's ownership, Oriental Trading Company, Inc. was the largest direct marketer of party supplies, novelties, toys and children's arts and crafts, and leading marketer of school supplies and value-priced home décor and giftware.	Consumer & Retail	Jul 2006	Exited
Philosophy, Inc. During the period of Carlyle's ownership, Philosophy, Inc. developed, manufactured and marketed a full line of premium personal care products focused on skin care, fragrance, bath & body care and color cosmetics.	Consumer & Retail	Mar 2007	Exited
PQ Corporation PQ Corporation is a leading worldwide producer of specialty inorganic performance chemicals and catalysts.	Industrial	Jul 2007	Exited
SS&C Technologies, Inc. SS&C Technologies, Inc. is a leading provider of highly specialized proprietary software and software-enabled outsourcing solutions for the financial services industry.	Technology & Business Services	Nov 2005	Exited
Veyance Technologies, Inc. Veyance Technologies, Inc. manufactures and sells Goodyear Engineered Products-branded industrial power transmission products; heavy-duty and lightweight conveyor belts; hydraulics; rubber track; and automotive and heavy-duty truck belts, hose, tensioners and air springs.	Industrial	Jul 2007	Exited
Wesco Aircraft Holdings, Inc. Wesco Aircraft Holdings, Inc. is a leading provider of integrated inventory management services and a distributor of hardware and other components to the global aerospace industry.	Aerospace, Defense & Government Services	Sep 2006	Current

Carlyle Partners V

Launched in 2007 at $13.7 billion, this fund conducts leveraged buyout transactions in North America in targeted industries.

Investment	Industry	Invested	Status
Accudyne Industries Accudyne Industries manufactures flow control and industrial air compressors.	Industrial	Dec 2012	Current
Axalta Coating Systems Axalta Coating Systems develops, manufactures and sells coatings and application tools to automobile repair body shops and original equipment manufacturers in the automotive and heavy-duty truck markets.	Industrial	Feb 2013	Exited
BankUnited BankUnited is one of the largest depository institutions headquartered in Florida by assets.	Financial Services	May 2009	Exited
Beats Electronics LLC Beats Electronics LLC is a designer and marketer of premium headphones, speakers and audio accessories sold under the Beats by Dr. Dre brand.	Consumer & Retail	Oct 2013	Exited
Booz Allen Hamilton, Inc. Booz Allen Hamilton has been at the forefront of strategy and technology consulting for nearly a century.	Aerospace, Defense & Government Services	Jul 2008	Exited
CommScope, Inc. CommScope, Inc. is a global leader in infrastructure solutions for communications networks.	Technology & Business Services	Jan 2011	Exited
CVC Brasil Operadora e Agencia de Viagens S.A. CVC Brasil Operadora e Agencia de Viagens S.A. is the largest tour operator in Latin America.	Consumer & Retail	Dec 2009	Exited
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	Dec 2011	Current
Genesee & Wyoming, Inc. GWI owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium.	Transportation	Oct 2012	Exited
Getty Images Inc. Getty Images is one of the world’s leading creators and distributors of still imagery, video and multimedia products, as well as a recognized provider of other forms of premium digital content, including music.	Telecom & Media	Oct 2012	Exited
Greater China Intermodal Investments LLC The joint venture focuses on bringing together Chinese shipbuilders, lenders and state-owned companies to support China's desire to increase the amount of cargo it controls.	Transportation	Aug 2011	Current
HCR ManorCare Inc. HCR ManorCare Inc. is an owner and operator of skilled nursing facilities and assisted living facilities in the U.S.	Healthcare	Dec 2007	Current
HD Supply HD Supply is the second largest wholesale distributor of construction-related products in the U.S. and Canada.	Industrial	Aug 2007	Exited
Healthscope Limited Healthscope Limited is the second largest private hospital provider in Australia.	Healthcare	Oct 2010	Exited
Landmark Aviation Landmark Aviation operates a network of fixed base operations located throughout the U.S., Canada and Western Europe.	Aerospace, Defense & Government Services	Oct 2012	Exited
OpenLink Financial, Inc. OpenLink Financial, Inc. is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally. OpenLink’s blue chip client base of more than 150 customers worldwide includes twelve of the top twenty-five largest commodity and energy companies by market capitalization, eight of the largest financial institutions and eleven of the largest central banks, as well as major hedge funds and public utilities.	Technology & Business Services	Dec 2009	Exited
Pharmaceutical Product Development, Inc. (PPD) Pharmaceutical Product Development, Inc. (PPD) is a leading global contract research organization that provides outsourced clinical trial management and laboratory services.	Healthcare	Dec 2011	Exited
Qualicorp S.A. Qualicorp Participações S.A. is the leading full-service provider of health benefits management services in Brazil.	Healthcare	Sep 2010	Exited
RPK Capital Partners, LLC RPK Capital Partners, LLC invests in a broad spectrum of commercial aviation assets.	Aerospace, Defense & Government Services	Sep 2010	Exited
Sequa Corporation Sequa Corporation is a diversified aerospace and industrial company comprised of six businesses with leading positions in niche markets.	Aerospace, Defense & Government Services	Dec 2007	Current
Syniverse Technologies Syniverse Technologies is a leading provider of technology and business solutions for the global telecommunications industry.	Telecom & Media	Jan 2011	Current
The Nature's Bounty Co. The Nature's Bounty Co. is a global manufacturer, marketer and distributor of a broad line of high-quality, value-priced nutritional supplements.	Consumer & Retail	Oct 2010	Current
The TCW Group, Inc. The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products.	Financial Services	Feb 2013	Exited

Carlyle Partners VI

Launched in 2013 at $13.0 billion, this fund conducts leveraged buyout transactions in North America in targeted industries.

Investment	Industry	Invested	Status
Acosta, Inc. Acosta, Inc. provides outsourced sales, marketing, and retail merchandising services to consumer packaged goods companies and retailers in the United States and Canada.	Consumer & Retail	Sep 2014	Current
ADT CAPS Co., Ltd. ADT Caps is one of the leading advanced security monitoring and dispatch service providers in South Korea.	Industrial	May 2014	Exited
Albany Molecular Research, Inc. Leading global contract research and manufacturing organization providing life sciences customers with complex, fully integrated drug discovery, development and manufacturing services.	Healthcare	Aug 2017	Current
Ampere Computing Holdings LLC A provider of fabless semiconductor chip design and production.	Technology & Business Services	Oct 2017	Current
Atotech BV Atotech is a leading supplier of chemicals and equipment for electroplating printed circuit board, metals, and plastics that go into the integrated circuit board, electronics and automotive end markets.	Industrial	Jan 2017	Current
Centennial Resource Production, LLC Centennial was formed in July 2013 to engage in the acquisition and development of oil and gas properties with a focus on the Western United States (Rocky Mountains, Midcontinent, and Permian).	Energy & Power	May 2015	Current
Dealogic (Holdings) plc Dealogic (Holdings) plc provides technology, content, and support used by investment banks to manage and align core operating units worldwide.	Technology & Business Services	Dec 2014	Current
DiscoverOrg Holdings, LLC A subscription-based SaaS provider of B2B sales and marketing intelligence.	Technology & Business Services	Mar 2018	Current
ION Investment Group Limited Leading provider of software solutions for fixed income trading, treasury, and commodity management	Technology & Business Services	May 2016	Current
MedRisk HoldCo, LLC MedRisk is a leading provider of network-based physical therapy cost-containment solutions for U.S. workers’ compensation payors, including insurers, large employers, third-party administrators and government funds.	Healthcare	Dec 2017	Current
Novetta Solutions, LLC Novetta Solutions, LLC provides advanced analytics software and solutions to detect threat and fraud, and protect high value networks for government and commercial enterprises worldwide.	Aerospace, Defense & Government Services	Oct 2015	Current
Novolex Novolex is a leading manufacturer of paper and plastic flexible packaging products, primarily serving customers in the foodservice, grocery, retail and commercial end markets	Industrial	Dec 2016	Current
Ortho-Clinical Diagnostics A prominent provider of total solutions for screening, diagnosing, monitoring and confirming diseases.	Healthcare	Jun 2014	Current
Pharmaceutical Product Development, Inc. (PPD) Pharmaceutical Product Development, Inc. (PPD) is a leading global contract research organization. The company provides outsourced clinical trial management and laboratory services primarily to large pharmaceutical and biotechnology companies, as well as governments, non-profits, and academic institutions.	Healthcare	May 2017	Current
ProKarma Holdings Inc. ProKarma Inc. provides information technology (IT) solutions in the United States and internationally.	Technology & Business Services	Oct 2016	Current
Rede D’Or São Luiz S.A. Rede D’Or São Luiz S.A. operates hospitals in Brazil. It operates 27 hospitals with approximately 4,000 beds in Rio de Janeiro, São Paulo, Pernambuco, and the Federal District.	Healthcare	May 2015	Current
Signode Industrial Group Signode Industrial Group US Inc. is a global manufacturer of strap, stretch, and protective packaging consumables, tools, and equipment.	Industrial	May 2014	Exited
Veritas Holdings Ltd. Veritas Technologies LLC develops and delivers backup and recovery, business continuity, information governance, and storage management solutions worldwide.	Technology & Business Services	Jan 2016	Current
Vogue International LLC	Consumer & Retail	Feb 2014	Exited
WellDyneRx, LLC WellDyneRx provides prescription management services.	Healthcare	Feb 2017	Current
WildHorse Resource Development Corporation WildHorse Resources II LLC focuses on the acquisition and exploitation of oil and gas properties throughout Texas, Arkansas, and Louisiana.	Energy & Power	Jun 2017	Current
Workforce Logiq Workforce Logiq (formerly known as ZeroChaos) is a global, vendor-neutral provider of software and services that help companies manage their contingent labor (i.e., temporary staffing), professional services, and other areas of outsourced spend.	Technology & Business Services	Aug 2017	Current

Carlyle Partners VII

Began investing in 2018 as an $18.5 billion fund primarily focused on majority and strategic minority investments in the U.S. in targeted industries.

	Investment	Industry	Invested	Status
	Millicent Pharma Limited Millicent Pharma Limited manufactures basic pharmaceutical products.	Healthcare	May 2018	Current
	One Medical One Medical is the nation’s leading member-based, technology-powered national primary care organization focused on transforming health care.	Healthcare	Aug 2018	Current

Investment

Industry

Invested

Status

Millicent Pharma Limited

Millicent Pharma Limited manufactures basic pharmaceutical products.

Healthcare

May 2018

Current

One Medical

One Medical is the nation’s leading member-based, technology-powered national primary care organization focused on transforming health care.

Healthcare

Aug 2018

Current

Investment Approach

Since its formation, Carlyle has delivered top tier returns on its U.S. buyout investments. We target key industries in which we have significant expertise and take a disciplined approach to investing, seeking purchase prices that are lower than industry averages and conducting extensive due diligence on every transaction.

Established in 1990, the firm’s first buyout fund, Carlyle Partners I, L.P. (CP I), closed with $100 million in commitments from leading domestic and international investors.

Carlyle's second U.S. buyout fund, Carlyle Partners II, L.P. (CP II), was launched in 1996 and has $1.3 billion of equity commitments. Carlyle's third U.S. buyout fund, Carlyle Partners III, L.P. (CP III) was launched in 2000 and has $3.9 billion of equity commitments. The fourth U.S. buyout fund, Carlyle Partners IV, L.P. (CP IV) was launched in 2005 and has $7.8 billion of equity commitments.

The U.S. Buyout team’s approach to investing comprises the following five major principles:

Consistent and Disciplined: We seek to make sound investments in good companies with strong management teams and structure our transactions with appropriate amounts of debt.

Industry Focused: Since its inception, Carlyle has adopted an industry-focused approach to investing. We believe in-depth knowledge of specific industries improves our ability to source and create deals, conduct effective due diligence, develop strong relationships with management teams and identify potential buyers as part of a coherent exit strategy.

Deal Creation / Auction Avoidance: Non-competitive situations or limited auction transactions account for many of the Carlyle investments to date. We generally avoid the full auction process, although we will participate in such auctions when we believe we have an edge over the competition.

Value Added Partner: Investment professionals devote a significant amount of their time to working closely with portfolio companies. Each team uses its industry expertise and network to facilitate implementation of effective operational and marketing strategies by the portfolio companies.

The One Carlyle Edge: We pursue investments only if we believe that we have an edge over our competition in the form of deep industry knowledge, global expertise, positive relationships with management teams, the ability to move quickly to commit to transactions, and/or the opportunity to participate in strategic joint ventures with corporate partners.

Team

Team Member	Title	Location	Industry
Vipul H. Amin	Managing Director	Washington, DC	Industrial
James A. Attwood, Jr.	Managing Director	New York, NY	Technology & Business Services, Telecom & Media
Dayne Baird	Managing Director	Washington, DC	Aerospace, Defense & Government Services
Anita Balaji	Managing Director	New York, NY	Consumer & Retail
Katherine Barasch	Vice President	Washington, DC	Industrial, Transportation
Brian A. Bernasek	Managing Director	Washington, DC	Industrial
Wesley Bieligk	Managing Director	Washington, DC	Industrial
Mark Blaufuss	Operating Executive		Industrial, Transportation
Douglas V. Brandely	Principal	Washington, DC	Aerospace, Defense & Government Services
Joe Bress	Principal	New York, NY	Healthcare
Harrison Chilton	Vice President	Menlo Park, CA	Telecom & Media
Peter J. Clare	Managing Director	Washington, DC
Michael S. Clifton	Principal	Washington, DC	Telecom & Media
Campbell (Cam) R. Dyer	Managing Director	Washington, DC	Technology & Business Services, Telecom & Media
Andrew Eggert	Vice President	New York, NY	Consumer & Retail
Ashley S. Evans	Principal	Menlo Park, CA	Technology & Business Services, Telecom & Media
Russell C. Farscht	Managing Director	New York, NY	Technology & Business Services, Telecom & Media
Francis A. Finelli	Managing Director	Washington, DC	Aerospace, Defense & Government Services
Ian Fujiyama	Managing Director	Washington, DC	Aerospace, Defense & Government Services
Julius Genachowski	Managing Director	Washington, DC	Technology & Business Services, Telecom & Media
Steve Gray	Operating Executive		Technology & Business Services, Telecom & Media
Michael Haas	Managing Director	Washington, DC
Katie Harris	Vice President	New York, NY	Consumer & Retail
Allan M. Holt	Managing Director	Washington, DC
Sandra Horbach	Managing Director	New York, NY	Consumer & Retail
Ram M. Jagannath	Managing Director	New York, NY	Healthcare
Mindy Mackenzie	Managing Director	New York, NY
Dr. Martin Madaus	Operating Executive		Healthcare
Tanaka J.J. Maswoswe	Principal	Washington, DC	Industrial
Patrick R. McCarter	Managing Director	Menlo Park, CA	Technology & Business Services, Telecom & Media
William H. McMullan	Managing Director	New York, NY	Healthcare
Alexander Mears	Vice President	Washington, DC	Aerospace, Defense & Government Services
Terry Myerson	Operating Executive		Technology & Business Services
Gregory M. Nikodem	Managing Director	Washington, DC	Energy & Power, Industrial, Transportation
Adam J. Palmer	Managing Director	Washington, DC	Aerospace, Defense & Government Services
Tyler Parker	Vice President	Menlo Park, CA	Technology & Business Services
Jay W. Sammons	Managing Director	New York, NY	Consumer & Retail
Robert R. Schmidt	Principal	New York, NY	Healthcare
Lúcia Soares	Managing Director	Menlo Park, CA	Technology & Business Services
Brandon Staub	Vice President	New York, NY	Consumer & Retail
Martin W. Sumner	Managing Director	Washington, DC	Industrial
Anna Tye	Principal	Washington, DC	Technology & Business Services, Telecom & Media
Elliot J. Wagner	Managing Director	New York, NY	Consumer & Retail
Derrick L. Weatherspoon	Vice President	New York, NY	Consumer & Retail
Derek H. Whang	Principal	Washington, DC	Aerospace, Defense & Government Services
Robert Wheeler	Vice President	Washington, DC
Stephen H. Wise	Managing Director	New York, NY	Healthcare
Arjun Shah	Vice President	Washington, DC

Case Study

Company	Industry	Acquired	Status
BankUnited	Financial Services	May 2009 Coral Gables, FL U.S.	Exited
Booz Allen Hamilton, Inc.	Aerospace, Defense & Government Services	Jul 2008 McLean, Virginia U.S.	Exited
CommScope, Inc.	Technology & Business Services	Jan 2011 Hickory , NC U.S.	Exited
Dunkin' Brands, Inc.	Consumer & Retail	Mar 2006 Canton, MA USA	Exited
ARINC Incorporated	Aerospace, Defense & Government Services	Oct 2007 Annapolis, MD, USA	Exited
Genesee & Wyoming, Inc.	Transportation	Oct 2012 Greenwich, CT, USA	Exited
Axalta Coating Systems	Industrial	Feb 2013 Philadelphia, PA, USA	Exited
Beats Electronics LLC	Consumer & Retail	Oct 2013 Santa Monica, CA	Exited
Vogue International LLC	Consumer & Retail	Feb 2014 United States	Exited

WHO WE ARE

March 15, 2019

A case study

U.S. Buyout