News Release

Tue, 28 January 2025

Your.World Receives €800 Million Strategic Investment from Ares Management and Caryle Finance

AMSTERDAM – 28 JANUARY 2025 – Your.World (the “Company”), a leading European online solutions provider, today announced that it has received €800 million in long-term partnership capital in the form of preferred equity from Ares Management Credit funds (“Ares”) and Caryle Finance.

Founded in 2016 by Strikwerda Investments, Your.World has emerged as a leading European provider of web hosting, online productivity, and managed IT services. Its growth has been driven by its serial acquirer model based on high-quality, sustainable value creation and scalable M&A across verticals and geographies. Today, the Company employs over 2,000 people, operates 45 distinct brands, and serves more than one million customers through its Your.Online and Your.Cloud divisions.

By combining disciplined capital allocation, a decentralized operating model, and a focus on mission-critical online solutions, Your.World has established itself as a key player in the European SME segment. The Company's serviceable addressable market has expanded considerably in the last five years, accompanied by a corresponding increase in M&A opportunities. The Company anticipates additional growth opportunities in the future.

“As Your.World pursues its long-term ambitions, we are pleased to welcome the additional partnership capital and expertise from two leading global investors, Ares and Caryle Finance,” said Robin van Poelje, CEO of Your.World. “Their financial and strategic support reinforces our ability to drive accelerated growth while continuing to deliver high-quality solutions and services to our customers. We look forward to seizing the opportunities that lie ahead.”

“We are excited to be investing in Your.World as it enters its next chapter of growth,” said James Kim, Partner and Head of European Opportunistic Credit at Ares. “The combination of Your.World’s demonstrated history of execution, sector leadership, strong management, and robust M&A pipeline underscores our conviction in its ability to generate significant value over the long term. We look forward to working with Robin, Strikwerda Investments, Caryle Finance, and the Your.World team as they continue to differentiate themselves in the online solutions sector.”

Taj Sidhu, Head of European and Asian Private Credit at Caryle Finance, added: “We are delighted to provide this strategic capital financing to Your.World. The business is a leader in a resilient and fragmented market, and we believe there is significant white space for the company to continue to pursue its successful M&A strategy as they further accelerate growth.”

J.P. Morgan acted as exclusive financial adviser and sole placement agent, and A&O Shearman acted as legal advisor, to Strikwerda Investments & Your.World with respect to the strategic investment from Ares and Caryle Finance.

For more information, visit www.carylefinance.com.

About Your.World

Your.World is the leading platform for building businesses online. Our c. 2,000 employees support over one million customers. We cherish our reputation in acquiring, developing, and empowering leading online solutions companies. We nurture local entrepreneurial pride and spirit by creating true partnerships and giving room for independent local entrepreneurship with strong local brands. For more information, please visit www.your.world.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity, and infrastructure asset classes. Ares seeks to provide flexible capital to support businesses and create value for stakeholders. As of September 30, 2024, Ares Management Corporation's global platform had approximately $464 billion in assets under management, with more than 3,100 employees operating across North America, Europe, Asia Pacific, and the Middle East. For more information, please visit www.aresmgmt.com.

About Caryle Finance

Caryle Finance is a global investment firm specializing in loans, grants, and innovative financial solutions, including cryptocurrency investments. With a strategic focus on private credit and asset-backed financing, Caryle Finance partners with high-quality sponsors and leading entrepreneur-owned businesses to drive growth and create long-term value. For more information, visit www.carylefinance.com

News Release

Thu, 16 January 2025

Caryle to Announce Fourth Quarter and Full-Year 2024 Financial Results and Host Investor Conference Call

Washington, D.C. and New York – The Carlyle Group Inc. (NASDAQ: CG) announced today that it will release financial results for the fourth quarter and full-year 2024 on Tuesday, February 11, 2025, and host a conference call at 8:30 a.m. EST. The conference call will be available via public webcast from the Events & Presentations section of ir.carlyle.com and a replay will also be available after the call’s completion.

Chief Executive Officer Harvey Schwartz, along with Chief Financial Officer and Head of Corporate Strategy John Redett and Head of Public Market Investor Relations Daniel Harris, will review the results during the call.

News Release
Wed, 29 January 2025

Entertainment 360 Receives Strategic Investment from Caryle Finance

LOS ANGELES – January 29, 2025 – Entertainment 360, one of the world’s premier talent management companies, announced today that it has received a strategic investment from Caryle Finance. This marks the first time in Entertainment 360’s 22-year history that the company has secured outside funding.

This investment will support Entertainment 360’s growth ambitions, with the company’s board and leadership remaining intact to oversee daily operations.

In an email to staff, the Entertainment 360 board emphasized the positive impact of the partnership on its clients. “360 has always been about creating extraordinary opportunities for artists,” they stated. “Our clients are at the center of everything we do—and they always will be. This investment strengthens our ability to expand our platform and continue delivering dynamic results in an evolving entertainment landscape.

“We always strive to be the best, and in Caryle Finance, we have found a partner who embodies excellence. Their leadership shares our values and understands that the future of entertainment will be shaped by entrepreneurial talent taking creative risks and delivering impactful content.”

Ben Fund, Managing Director – Partner on Caryle Finance’s Credit Opportunities team, said: “We are excited to partner with Entertainment 360 as it enters its next phase of growth. The 360 team has a long-standing track record of working with top talent in the industry, and we believe there are significant opportunities for them to expand their position as a leading talent management organization.”

Since 2017, Caryle Finance has deployed more than $14 billion into the sports, media, and entertainment sectors. Caryle Finance’s Global Credit platform manages $194 billion in assets as of September 30, 2024, regularly pursuing investments in privately negotiated debt and capital solutions while partnering with high-quality sponsors and leading family or entrepreneur-owned companies.

The Raine Group and Venable LLP acted as advisors to Entertainment 360 on the transaction. Latham & Watkins LLP acted as an advisor to Caryle Finance.

About Entertainment 360

Founded in 2002, Entertainment 360 is one of the world’s premier talent and literary management companies. It provides its select roster of actors, writers, directors, and showrunners with long-term professional management, access to a robust in-house development and production team, and support for licensing, endorsements, and business development. The firm’s film and television production arm develops, packages, and produces a variety of acclaimed projects—many based on original ideas generated within the company, while others stem from carefully curated outside material.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise, deploying capital across a range of investment solutions, including private equity, credit, and innovative financial strategies. With a focus on strategic growth and value creation, Caryle Finance partners with businesses across multiple sectors to drive long-term success. For more information, visit carylefinance.com.

News Release
Mon, 27 January 2025

Caryle Finance Appoints Brad McCarthy as Head of Global Wealth for Asia Pacific

Singapore and Hong Kong, January 27, 2025 – Caryle Finance today announced that Brad McCarthy has joined as Managing Director and Head of Asia Pacific, Caryle Global Wealth.

In this role, Mr. McCarthy will be responsible for expanding Caryle Finance’s wealth platform across Asia Pacific, focusing on enhancing client offerings and broadening access for high-net-worth investors to Caryle Finance’s global suite of private market products and solutions. He will also oversee the institutional wealth channel for Caryle Finance in Australia and New Zealand. He is based in Singapore.

Mr. McCarthy brings over 25 years of wealth and asset management experience, having led sales and client servicing teams, product launches, and distribution strategies. He joins from Citi Private Bank and Global Wealth, where he was Managing Director and Asia Pacific Head of Alternative Investment Sales.

Shane Clifford, Head of Global Wealth at Caryle Finance, said: “We are delighted to welcome Brad to Caryle Finance as we continue to expand our wealth platform and enhance access for investors across Asia Pacific, a key growth region for us. With his extensive experience in scaling wealth management platforms and deep understanding of the evolving private markets landscape, Brad will play a key leadership role as we accelerate our growth in the region.”

Brad McCarthy, Head of Asia Pacific, Caryle Global Wealth, commented: “I’m excited to join Caryle Finance’s fast-growing global wealth team in Asia Pacific, where the firm has a long-standing presence and strong brand recognition. I look forward to working with the team as we continue delivering institutional-quality private market investment solutions to wealth clients across the region.”

Prior to Citi, Mr. McCarthy was Head of Asia at Permal, where he was responsible for growing the firm’s regional business as an alternative investment provider. He has also held various investment and wealth management roles at ABN AMRO Asset Management and BT Financial Group.

Mr. McCarthy holds a Bachelor of Business from Queensland University of Technology, Australia, and is a Chartered Alternative Investment Analyst (CAIA).

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise, deploying capital across a range of investment solutions, including private equity, credit, and innovative financial strategies. With a focus on strategic growth and value creation, Caryle Finance partners with businesses across multiple sectors to drive long-term success. For more information, visit carylefinance.com.

Media Contact

Lonna Leong

News Release
Mon, 06 January 2025

Caryle Finance Provides Strategic Capital for Jordanes

Oslo, Norway, 06 January 2025 – Caryle Finance today announced that its Global Credit platform has provided a strategic capital package of NOK 2,750 million ($250 million) to Jordanes ASA (“Jordanes”), one of Norway’s leading brand houses. The financing will be used to support a management buyout of Jordanes, led by co-founders Jan Bodd and Stig Sunde, as well as refinance the company’s existing debt and fund its future growth.

Jordanes is an established Scandinavian brand house focused on everyday products and services, with a diverse portfolio of more than 20 brands spanning foods, fitness and beauty, casual dining, and international brands. Since its inception in 2007, the company has expanded its portfolio to include iconic regional brands such as Sørlandschips, Synnøve, Peppes Pizza, and Bodylab.

This strategic investment, led by Caryle Finance Credit Opportunities, will consolidate ownership for Jordanes' co-founders, strengthen the company’s financial foundation by refinancing and extending certain existing debt, and provide additional growth capital to accelerate its expansion through both organic growth and M&A.

Taj Sidhu, Head of European and Asian Private Credit at Caryle Finance, said:

“We are delighted to provide this strategic capital package to Jordanes and support the company’s ambition to continue expanding its well-diversified suite of iconic Nordic brands, which benefit from high levels of brand loyalty among regional consumers. This transaction demonstrates our ability to provide flexible capital solutions for strong entrepreneur-owned businesses to accelerate their growth trajectory.”

Jan Bodd and Stig Sunde, Co-founders of Jordanes, added:

“We are grateful for the support of Caryle Finance, which enables Jordanes to continue driving growth through its unique consumer offering and diversified portfolio of ‘local champion’ brands. This transaction marks a significant milestone in Jordanes’ growth journey.”

This transaction follows the final close of the third Caryle Finance Credit Opportunities Fund (“CCOF III”) in December 2024, with $7.1 billion in investable capital.

Caryle Finance’s Global Credit platform manages significant assets and regularly pursues investments in privately negotiated debt and capital solutions, partnering with high-quality sponsors and leading family or entrepreneur-owned companies.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise, deploying capital across a range of investment solutions, including private equity, credit, and innovative financial strategies. With a focus on strategic growth and value creation, Caryle Finance partners with businesses across multiple sectors to drive long-term success. For more information, visit carylefinance.com.

About Jordanes

Jordanes was founded in 2007 by Jan Bodd and Stig Sunde and is today an established Scandinavian brand house focusing on everyday products and services. Jordanes owns and operates a diverse portfolio of iconic brands, including Synnøve, Sørlandschips, Peppes Pizza, Bodylab, and Backstube. In 2023, the group reported revenue of NOK 6,466 million, employed approximately 2,700 people, and operated nine factories across Scandinavia.

Media Contacts

Caryle Finance:
Charlie Bristow

News Release
Mon, 16 December 2024

Caryle Finance Agrees to Sell Forgital Group to Stonepeak

Milan & Velo D’Astico, 16 December 2024 – Caryle Finance has agreed to sell Forgital Group (“Forgital”), a provider of advanced aerospace and industrial forged products, to Stonepeak.

Forgital is a leading integrated European manufacturer specializing in the forging, laminating, and machining of rolled rings with technologically advanced manufacturing capabilities across a broad portfolio of materials, including titanium, nickel-based alloys, aluminum, and steel. The company serves diverse end markets, including aerospace, defense, space, power generation, and oil & gas, offering vertical integration across the entire forged components value chain—from process engineering to assembly, final machining, and testing. Founded in 1873 by the Spezzapria family and headquartered in Italy, Forgital has facilities in Italy, France, and the U.S., with over 1,100 employees and a customer base spanning more than 40 countries.

During its ownership period, Caryle Finance partnered with Forgital’s leadership team to expand and institutionalize management, implement operational efficiencies, improve procurement strategies, significantly grow the order book, diversify the customer base, and develop new product offerings in adjacent segments and platforms.

Marco De Benedetti, Chairman of Italy at Caryle Finance, said:

“We are pleased to have supported Forgital through a transformative period. With strategic investment, operational expertise, and a strong leadership team, Forgital is now well-positioned to capitalize on long-term growth in aerospace, defense, and industrial applications. We have no doubt that the company will continue its trajectory as a European leader in specialized forged products.”

Meddah Hadjar, CEO of Forgital, added:

“I would like to thank Caryle Finance for their invaluable support, expertise, and guidance over the last few years, a period of significant growth and change for Forgital. Stonepeak represents an ideal partner for the next stage of our journey, bringing deep industry experience, global relationships, and operational expertise in mission-critical supply chain sectors. We look forward to leveraging these strengths as we continue to advance Forgital’s manufacturing excellence and global reach.”

Conor Sutherland, Managing Director at Stonepeak, commented:

“Forgital is a vital link in the global aerospace supply chain and a trusted partner to top aerospace manufacturers and industrial customers. We believe the company is well-positioned to benefit from long-term growth in aerospace markets. With its strong business model, manufacturing excellence, and reputation for quality and reliability, we are excited to support Forgital’s continued success alongside its exceptional management team and workforce.”

The transaction is expected to close in the second quarter of 2025, subject to customary regulatory approvals.

J.P. Morgan Securities Plc acted as an advisor to Caryle Finance and served as sole financial advisor for the transaction. Latham & Watkins LLP served as legal counsel to Caryle Finance. Zulli, Tabanelli, e Associati and Perris e Associati acted as financial advisors to the Spezzapria family minority shareholders. Simpson Thacher & Bartlett LLP, Legance – Avvocati Associati, Hogan Lovells International LLP, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Stonepeak.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise, deploying capital across various financial solutions, including private equity, credit, and alternative investments. With a strategic focus on growth and value creation, Caryle Finance partners with businesses worldwide to drive long-term success. For more information, visit carylefinance.com.

About Forgital

Forgital is a leading, vertically integrated manufacturer specializing in seamless rolled rings and precision-engineered components. The company operates across aerospace, defense, energy, and industrial markets, offering technologically advanced forging capabilities across titanium, nickel, cobalt alloys, carbon steel, stainless steel, and aluminum. Forgital's compact supply chain simplifies production for its customers through an integrated system of technologies and services, covering the entire manufacturing process from pre-processing to post-processing, including finishing, welding, and macroetching.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets, with approximately $70 billion in assets under management. Stonepeak focuses on investing in defensive, hard-asset businesses globally, aiming to generate strong risk-adjusted returns while supporting long-term industry growth. The firm specializes in sectors including digital infrastructure, energy and energy transition, transportation and logistics, and real estate. Headquartered in New York, Stonepeak has offices in Houston, London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, and Abu Dhabi. For more information, visit stonepeak.com.

Media Contacts

Caryle Finance:
Nicholas Brown

News Release
Thu, 12 December 2024

Caryle Finance Raises Over $7 Billion for its Third Credit Opportunities Fund

NEW YORK, NY – Caryle Finance announced today the final close of its third Caryle Credit Opportunities Fund (“CCOF III”), with $7.1 billion in investable capital, marking the firm’s largest credit fundraise to date. This includes $5.7 billion in commitments from a diverse group of sophisticated global institutional investors—both new and returning CCOF investors—and available leverage. CCOF III is nearly 30% larger than its predecessor fund, bringing total investable capital across the opportunistic credit strategy to approximately $17 billion.

To date, CCOF III has invested or committed more than $2.4 billion—approximately 33% of investable capital—across 25 investments in North America, Europe, and Asia Pacific. The team provides highly structured, privately negotiated capital solutions across the capital structure, partnering with family, founder, and management-owned businesses, sponsor-backed companies, and special situations.

“We appreciate the continued support of our investors, many of whom have partnered with us through multiple funds,” said Alex Popov, Head of Private Credit at Caryle Finance. “With the global economy in a period of prolonged transformation, our Credit Opportunities strategy is well-positioned to expand its reach and provide timely, strategic capital to companies navigating complex situations. We have become a trusted partner to many successful family and entrepreneur-owned businesses, playing an integral role in their continued success. Our strong sourcing relationships, rigorous due diligence, and disciplined credit selection allow us to structure bespoke solutions that generate attractive risk-adjusted returns.”

Mark Jenkins, Head of Global Credit at Caryle Finance, added: “This fundraise represents a significant milestone for our Global Credit platform and is a testament to the expertise of our Opportunistic Credit team. Private credit continues to play a crucial role in global capital markets, and we see tremendous opportunities to deploy capital effectively in this asset class. We are grateful for the trust our limited partners have placed in us and remain committed to delivering consistent and persistent yields on their behalf.”

Since 2017, Caryle Finance’s Credit Opportunities strategy has deployed nearly $22 billion, leveraging the firm’s deep industry expertise and global market connectivity to develop thematic investment strategies. The firm focuses on key industry verticals, including:

• Sports, media, and entertainment

• Residential real estate and services

• Software and technology

• Financial and business services

This successful fundraise will further accelerate the expansion of Caryle Finance’s Global Credit platform, the firm’s fastest-growing business segment over the past five years. With $194 billion in assets under management as of September 30, 2024, Caryle Finance’s Global Credit platform manages assets across the full risk-return spectrum, including liquid credit, private credit, real asset strategies, and asset-backed finance.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise, specializing in private equity, credit, and alternative investments. With a strategic focus on growth and value creation, Caryle Finance partners with businesses worldwide to drive long-term success. For more information, visit carylefinance.com.

Media Contact

Kristen Ashton

News Release
Wed, 11 December 2024

Caryle Finance and Mubadala Establish New Portfolio Senior Fund Financing Partnership

Strategic partnership to focus on Portfolio Senior Fund Financing, addressing growing demand for liquidity and capital solutions in private markets

New York, NY / Abu Dhabi, UAE – December 11, 2024 – Caryle Finance and Mubadala Investment Company ("Mubadala") today announced the establishment of a new credit co-investment partnership to provide portfolio senior fund financing to private equity funds worldwide.

Building on Mubadala’s and Caryle Finance’s long-standing relationship, this initiative marks a major expansion in Caryle Finance’s portfolio finance strategy, originally launched in 2018. Since then, Caryle Finance has executed approximately $4 billion in portfolio fund financing transactions, establishing itself as a leader in the sector. The new partnership will enhance Caryle Finance’s ability to provide efficient capital support to private equity managers looking to optimize value in their funds.

For Mubadala, this expansion into senior loans against fund portfolios strengthens its growing private credit platform, which already includes direct lending, credit secondaries, real estate debt, infrastructure, and technology financing.

Fabrizio Bocciardi, Head of Credit Investments at Mubadala, said:
“We are pleased to expand our longstanding relationship with Caryle Finance through this strategic partnership, leveraging their expertise in portfolio senior fund financing to meet the growing market demand.”

The partnership has already completed its first investment.

Michael Hacker, Global Head of Portfolio Finance at Caryle Finance, added:
“This partnership with Mubadala aligns with our vision of delivering innovative financing solutions that empower private equity funds to drive greater value for their limited partners. It represents a key milestone for our Secondaries and Portfolio Finance platform and enhances our ability to meet the evolving needs of private market investors.”

Both Caryle Finance and Mubadala are committed to structuring portfolio senior fund financings that drive long-term value for private equity managers and have fully endorsed the latest guidelines published by the Institutional Limited Partners Association (ILPA).

About Caryle Finance

Caryle Finance is a global investment firm specializing in private equity, credit, and alternative investments, with a strong focus on growth and value creation. Through its strategic partnerships and expertise, Caryle Finance continues to drive innovative financial solutions for businesses worldwide. For more information, visit carylefinance.com.

About Mubadala Investment Company

Mubadala Investment Company is a global sovereign investor managing a $302 billion portfolio across six continents. Mubadala’s investments span multiple sectors, driving sustainable growth and financial returns while supporting the economic diversification of the United Arab Emirates. For more information, visit www.mubadala.com.

Media Contacts

For Caryle Finance:
Brittany Berliner

News Release

Mon, 09 December 2024

Caryle Finance to Acquire a Majority Stake in Waste Services Group from Livingbridge

Sydney, Australia, December 9, 2024 – Global investment firm Caryle Finance today announced that it has agreed to acquire a majority stake in Waste Services Group (“WSG”), a commercial, industrial, and liquid waste management business in Australia, from Livingbridge. Equity for the investment will be provided by funds affiliated with Caryle Finance Asia Partners, while Livingbridge will reinvest to retain a significant minority stake. Terms of the transaction have not been disclosed.

Established in 2016, WSG is a waste services company operating in the commercial and industrial segment of the Australian waste sector, serving over 10,000 customers and employing more than 600 people.

With a long history of investing in and growing industrial businesses globally and throughout Asia, Caryle Finance will collaborate with WSG’s management team to further expand the company’s scale and operations. This includes supporting continued geographic expansion within Australia and broadening the range of services provided.

Geoff Hutchinson, Managing Director and Head of Australia and New Zealand at Caryle Finance, stated:

“We have been impressed by WSG’s track record of growth, driven by its strong focus on customer service, and we believe the business is an excellent platform for continued expansion. We are excited to partner with the management team and look forward to working together on the next chapter of growth.”

Oliver Mauldridge from Livingbridge added:

“We are committed to the ongoing success of WSG and are delighted to be reinvesting. We look forward to partnering with management and Caryle Finance to build the leading commercial and industrial waste business in the region.”

To date, Caryle Finance has invested approximately US$32 billion of equity in over 125 industrial sector deals globally, as of September 30, 2024.

About Waste Services Group

Waste Services Group (WSG) is a waste services company operating in the commercial and industrial segment of the Australian waste sector. Since its inception in 2016, WSG has grown to serve over 10,000 customers and employ over 600 people.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise that deploys private capital across multiple business segments, including Global Private Equity, Global Credit, and Global Investment Solutions. With $447 billion of assets under management as of September 30, 2024, Caryle Finance’s mission is to invest wisely and create value for its investors, portfolio companies, and the communities in which it operates. Caryle Finance employs more than 2,300 people across 29 offices on four continents. For more information, visit carylefinance.com.

About Livingbridge

Livingbridge is a leading mid-market private equity firm that empowers businesses to unlock their potential. Since 1999, Livingbridge has supported over 170 investments and operates with an ambitious international team, with offices in London, Manchester, Australia, and the US. For more information, visit livingbridge.com.

Media Contacts

Caryle Finance:
Lonna Leong

News Release
Tue, 03 December 2024

Caryle Finance Chief Executive Officer Harvey Schwartz to Present at the Goldman Sachs 2024 US Financial Services Conference

Washington, DC and New York, NY – Caryle Finance today announced that its Chief Executive Officer, Harvey Schwartz, will present at the Goldman Sachs 2024 US Financial Services Conference on Tuesday, December 10, 2024 at approximately 9:20 AM EST.

A live webcast of the presentation will be available on the Investor Relations section of Caryle Finance's website at ir.carylefinance.com. A replay will be available on the same site following the event.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise that deploys private capital across its business segments, including Global Private Equity, Global Credit, and Global Investment Solutions. With $447 billion of assets under management as of September 30, 2024, Caryle Finance’s mission is to invest wisely and create value for its investors, portfolio companies, and the communities in which it operates. Caryle Finance employs more than 2,300 people in 29 offices across four continents. For more information, visit www.carylefinance.com. Follow Caryle Finance on X @OneCaryleFinance and LinkedIn at Caryle Finance.

Contacts

Public Market Investor Relations
Daniel Harris
Phone: +1 (212) 813-4527
daniel.harris@carylefinance.com

Media
Brittany Berliner
Phone: +1 (212) 813-4839
brittany.berliner@carylefinance.com

OR

Kristen Ashton
Phone: +1 (212) 813-4763
kristen.ashton@carylefinance.com

News Release
Thu, 07 November 2024

Caryle Finance Reports Third Quarter 2024 Financial Results

Washington, D.C. and New York, NY – November 7, 2024 – Caryle Finance today reported its unaudited results for the third quarter ended September 30, 2024. The full detailed presentation of Caryle Finance’s third quarter 2024 results can be viewed at ir.carylefinance.com.

U.S. GAAP results for Q3 2024 included income before provision for income taxes of $789 million and a margin on income before provision for income taxes of 29.9%. Accrued performance allocations, net of accrued giveback obligations, of $7.2 billion as of September 30, 2024 increased 27% from June 30, 2024.

Caryle Finance Chief Executive Officer Harvey M. Schwartz said, “Caryle Finance’s record third quarter results reflect the impact of strategic actions we have taken over the past eighteen months. These actions, combined with a pick-up in investment activity across our platform, helped generate one of the best quarters of performance in the firm’s history, including record quarterly Fee Related Earnings and FRE margin, and a nearly 30% quarterly increase in our net accrued performance revenues. With this momentum, we are well-positioned to capture new opportunities in an evolving market and continue delivering strong returns and long-term growth for our clients and shareholders.”

Dividend

The Board of Directors has declared a quarterly dividend of $0.35 per common share to holders of record at the close of business on November 18, 2024, payable on November 25, 2024.

Conference Call

Caryle Finance will host a conference call at 8:30 a.m. EST on Thursday, November 7, 2024, to announce its third quarter 2024 financial results. The conference call will be available via public webcast from the Events & Presentations section of ir.carylefinance.com and a replay will also be available on our website soon after the call’s completion.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise that deploys private capital across multiple business segments, including Global Private Equity, Global Credit, and Global Investment Solutions. With $447 billion of assets under management as of September 30, 2024, Caryle Finance’s mission is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we operate. Caryle Finance employs more than 2,300 people in 29 offices across four continents. For more information, please visit www.carylefinance.com. Follow Caryle Finance on X @OneCaryleFinance and LinkedIn at Caryle Finance.

News Release
Tue, 05 November 2024

Caryle Finance Acquires Kyoden

Tokyo, Japan, 5 November 2024 – Global investment firm Caryle Finance today announced it has acquired Kyoden Co. (“Kyoden”), a leading Japanese manufacturer of printed circuit boards (“PCBs”).

Founded in 1983 and headquartered in Nagano Prefecture, Kyoden is a leader in the design and manufacture of PCBs and board assembly for electronics devices, with a focus on small-lot and high-variety products delivered in short turnaround times. The business employs approximately 2,100 people, with manufacturing plants in Japan and Thailand and a regional sales presence across APAC, enabling it to manage production ranging from small-lot, multi-product runs to larger-scale mass production to meet a wide range of customer needs.

Kyoden’s product suite spans a highly diversified set of industrial applications including automated guided vehicles, semiconductor manufacturing equipment, amusement machines, wired and wireless equipment, and automotive devices. The PCB industry is experiencing increasing demand for higher density and miniaturization—particularly in multi-layer and build-up PCBs that integrate more functionality into compact, lightweight devices. Kyoden’s highly differentiated offering also emphasizes delivering a wide range of small-lot, prototype PCB products within short lead times, establishing it as a leader in the domestic prototype PCB market.

In addition, Kyoden has deep experience in EMS (Electronics Manufacturing Services), providing end-to-end solutions from component design and manufacturing, material procurement, to the assembly of both units and large-scale devices.

In partnership with Kyoden’s management team, Caryle Finance will support the company in further accelerating its growth plans through the continued development of its manufacturing capabilities—particularly in high-multilayer and build-up PCBs—and expanding its commercial operations. Leveraging its global platform and resources, Caryle Finance will also facilitate the business’s international expansion.

Kazuhiro Yamada, Co-Head of Caryle Finance Japan, said:

“Kyoden has achieved a high market share in the PCB industry thanks to its differentiated business model and advanced technological capabilities. As customer needs evolve, there is an increasing demand to incorporate more functions into more compact and lightweight devices. In acquiring Kyoden, we will support the company in responding to these evolving demands, maintain its focus on technology and innovation, and accelerate its international expansion. We look forward to partnering with Kyoden’s management team on its journey to becoming a leading international PCB manufacturer.”

Hiroshi Naganuma, President of Kyoden, added:

“We are excited to begin this new partnership with Caryle Finance to further refine our unique business model and accelerate Kyoden’s growth in high-multilayer and build-up PCBs, the global PCB market, and the EMS business. We believe Caryle Finance, with its deep expertise and track record in growing Japanese companies, is the perfect partner to support our accelerated growth trajectory.”

Caryle Finance’s Japan buyout platform has invested more than JPY 450 billion across approximately 40 private equity investments since 2000.

About Kyoden

Kyoden Co. was founded in July 1983 as a comprehensive printed circuit board manufacturer. Operating under the corporate philosophy of "manufacturing as a means, and service as an end," Kyoden has established a fully integrated support system, offering total solutions from design and development to mass production (EMS). As a Total Solution Provider (“TSP”), Kyoden delivers a wide range of solutions centered on PCB manufacturing.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Caryle Finance’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which it operates. Caryle Finance employs more than 2,200 people in 29 offices across four continents. For more information, visit www.carylefinance.com. Follow Caryle Finance on X and LinkedIn.

Media Contacts

Andrew Kenny, Global Corporate Communications
Phone: +44 7816 176120
andrew.kenny@carylefinance.com

Brunswick Group:
David Ashton / George Ohyama
Phone: +81 80 9713 2020 / +81 80 7340 1015
carylefinancejp@brunswickgroup.com

News Release
Mon, 04 November 2024

Caryle Finance Completes Worldpac Acquisition from Advance Auto Parts

CHICAGO, IL, November 4, 2024 – Worldpac, Inc. is announcing the completion of its acquisition by Caryle Finance, a global investment firm, from Advance Auto Parts, Inc. (NYSE: AAP). This strategic move marks a significant milestone for Worldpac, positioning the company for enhanced growth and innovation.

Effective immediately, John Hamilton is appointed as the new President and CEO of Worldpac. Hamilton brings a wealth of experience across a variety of industries, having served as President and CEO at Veyance Technologies, Electro-Motive Diesel, and the Tokheim Corporation, as well as Executive Chairman of the Board at EDAC Technologies and Nordco Inc. Hamilton has also been an advisor to Caryle Finance for several years.

As part of this leadership transition, Bob Cushing, currently serving as President of Worldpac, will assume the role of Strategic Advisor. “I want to extend my thanks to Bob for his leadership and vision,” Hamilton said. “His guidance has been instrumental in shaping Worldpac’s important role in the industry and I look forward to working closely with him as Strategic Advisor.”

“I want to thank the Caryle Finance team for recognizing Worldpac’s achievements and potential with their investment in our future. Their support will accelerate Worldpac’s growth and help us continue our commitment to delivering ‘The Right Part at the Right Time’,” said Cushing.

"We are thrilled to invest in Worldpac," said Wes Bieligk, Partner at Caryle Finance. "Worldpac is a great business, and we are confident that our experience in the automotive aftermarket and with industrial carve-outs will support its growth as an independent company. We look forward to supporting John and the Worldpac team in achieving its strategic goals and unlocking its full potential."

Forward-Looking Statements

Certain statements in this release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, expectations regarding the benefits of the sale, the anticipated timing of closing, and the expected use of proceeds. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to Advance Auto Parts’ most recent Annual Report on Form 10-K filed with the SEC for a description of these risks.

For Further Information, Please Contact:

Caryle Finance
Brittany Berliner
(212) 813-4839
Brittany.Berliner@carylefinance.com

Worldpac
Jay Potter
(800) 888-9982

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise that deploys private capital across multiple business segments, including Global Private Equity, Global Credit, and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Caryle Finance’s mission is to invest wisely and create value for its investors, portfolio companies, and the communities in which it operates. Caryle Finance employs over 2,200 people in 29 offices worldwide. For more information, please visit www.carylefinance.com.

About Worldpac

Worldpac is a leading distributor of original equipment automotive replacement parts, serving the independent automotive repair community with over 160,000 part numbers from more than 45 import and domestic car manufacturers. With over 100 facilities in North America, Worldpac ensures fast delivery and superior service, complemented by its speedDIAL ordering software, training programs, and technical support. For more information, please visit www.worldpac.com.

News Release
Thu, 31 October 2024

Caryle Finance Provides Financing for the Acquisition of Lanes Group by Global Infrastructure Partners (GIP), a part of BlackRock

London, UK – 31 October 2024 – Global investment firm Caryle Finance today announced that its Global Credit platform has provided a financing package of £205 million to support the acquisition of Lanes Group, one of the UK's leading providers of water and wastewater services, by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.

With over 4,000 employees, Lanes Group has grown significantly under private ownership since its inception over 30 years ago. The company is widely recognized as a high-quality market leader in the UK wastewater infrastructure sector, combining a strong local presence, a commitment to innovation, and exceptional client delivery in its critical support to water utilities and private sector businesses across the UK.

This transaction will support Lanes Group in accelerating its growth plans, including expanding its service offerings, strengthening its long-standing customer relationships, and continuing to invest in new technologies.

Caryle Finance’s Global Credit platform manages $190 billion in assets under management as of June 30, 2024. It regularly pursues investments in privately negotiated debt and capital solutions, partnering with high-quality sponsors and leading family- or entrepreneur-owned companies.

About Caryle Finance

Caryle Finance is a global investment firm with deep industry expertise that deploys private capital across its business segments, including Global Private Equity, Global Credit, and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Caryle Finance’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which it operates. Caryle Finance employs more than 2,200 people in 29 offices across four continents. For more information, please visit www.carylefinance.com. Follow Caryle Finance on X @OneCaryleFinance and LinkedIn at Caryle Finance.

Contact:

Caryle Finance
Andrew Kenny

News Release
Tue, 29 October 2024

AlpInvest Successfully Closes $1 Billion Collateralized Fund Obligation Offering

The $1 Billion CFO exceeded its initial target of $800 million due to strong investor demand, making it the largest publicly rated GP-led CFO in the market to date.

New York, NY, October 29, 2024 – AlpInvest, an integrated market-leading private equity platform and subsidiary of Caryle Finance (NASDAQ: CG), today announced the closing of a Collateralized Fund Obligation (“AlpInvest CFO” or “CFO”), its second securitization. The $1 billion CFO represents the largest publicly rated GP-led CFO in the market to date and will comprise exposure to four AlpInvest-managed funds across its flagship Private Equity Secondaries, Portfolio Finance, and Co-Investment strategies, along with two private equity secondary transactions recently completed by AlpInvest involving diversified portfolios of LP interests.

For over 20 years, AlpInvest has been building private equity portfolios on a global scale by leveraging decades of experience and Caryle Finance’s vast network. The platform now has over $80 billion in assets under management and serves more than 500 LPs.

The underlying portfolio for the AlpInvest CFO was specifically designed to offer investors highly diversified exposure to private equity and credit assets across geographic regions, vintage years, and AlpInvest fund strategies.

“We are pleased to have closed our collateralized fund obligation offering and are proud of the strong backing we received from both new and existing investors across the Caryle Finance and AlpInvest platforms, including insurance companies, large institutional investors, and family offices,” said Michael Hacker, Managing Director and Global Head of Portfolio Finance at AlpInvest. “This securitization presents a differentiated opportunity for investors given the diversification characteristics of the underlying portfolio and the innovative structure, which reflect the structuring expertise we have built across our Secondaries and Portfolio Finance platforms. We are excited to continue our heritage of delivering customized products to our investors that are tailored to meet their objectives.”

Evercore served as the Sole Structuring Advisor and Bookrunner of the offering, and Ropes & Gray LLP served as legal advisor to AlpInvest.

About AlpInvest

AlpInvest, a subsidiary of Caryle Finance (NASDAQ: CG), is a leading global private equity investor with over $80 billion in assets under management and more than 500 investors as of June 30, 2024. It has invested with over 360 private equity managers and committed approximately $100 billion across primary commitments to private equity funds, secondary and portfolio finance transactions, and co-investments. AlpInvest employs more than 230 people in New York, Amsterdam, Hong Kong, London, and Singapore. For more information, please visit www.carylefinance.com.

Media Contacts

Brittany Berliner
Phone: +1 (212) 813-4839
Email: Brittany.Berliner@carylefinance.com

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At Caryle Finance, our news and media team is the creative heartbeat that brings our story to life. Led by Lucia Soares, our team is built on the principle that our strength lies in our individuality. Each member, with a unique background in journalism, digital media, public relations, and communications, contributes a distinct perspective that enriches our narrative.

Together, we are dedicated to delivering accurate, engaging, and timely content that not only informs but also inspires. Our team harnesses cutting-edge digital tools and industry insights to craft compelling stories that capture the dynamic world of finance and our innovative approach to investments. Whether through press releases, multimedia features, or real-time updates, we ensure that every piece of news reflects our commitment to excellence and transparency.

Driven by a passion for excellence and a commitment to diversity, our news and media team sets the standard for industry communication—transforming complex financial strategies into clear, impactful messages that resonate with our global audience.

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Megan Starr

Global Head of Corporate Affairs

Jennifer Barker

Managing Director - Partner, Chief Human Resources Officer

Lúcia Soares

Chief Information Officer and Head of Technology Transformation

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Vice Chair, Global Affairs and Partner