the carlyle group

The Carlyle Group Puts Jet Up For Sale

Filed under: Wings

This is definitely the time to pick up a private plane if you can afford it. Another firm just put their jet on the market. Cityfile reports that The Carlyle Group, a private equity group in Washington D.C., has put its 2004 Gulfstream G450 up for sale with Avpro. The Carlyle Group was ranked as the largest private equity firm last year by Private Equity International and has had both Bush presidents working for it at different times. Like many firms it has hit hard times and announced layoffs and a plan to close its Silicon Valley office in December. The jet's price is estimated around $30 million.

So far the great jet sell off of 2009 includes:
Bank of America
Starbucks
Citigroup

Source

Tags: gulfstream 450, gulfstream g450, Gulfstream450, GulfstreamG450, the carlyle group, TheCarlyleGroup

Carlyle Group Buys Stake in Luxe Sport Label Moncler

by Jared Paul Stern (RSS feed) —

Filed under: Apparel

$80 billion private equity firm The Carlyle Group just announced plans to acquire a 48% stake in Moncler, the French luxury sport label founded in 1952 famed for its stylish down jackets. In fact, Moncler claims credit for inventing the down-filled ski jacket, which it has supplied to French Olympic teams for the winter games since the 1960s. The jackets have become extremely fashionable and can be seen on the slopes from Aspen to Gstaad. The company has collaborated with the likes of Balenciaga, Yohji Yamamoto and Fendi. It's high-end Gamme Rouge line is designed by Italian fashionista Giambattista Valli. "Moncler is a historic sport luxury garment brand that has returned to play a relevant and prestigious role in the market," Carlyle Group managing director Marco De Benedetti said in a statement, noting plans for expanding the company globally.

Gallery: Moncler Fall / Winter '08