Essay on the Carlyle Private Equity Funds in 2017-2018

The Carlyle Group, a private equity firm, has collaborated with investment fund focused on maritime Tiger Group Investments and some other financiers in order to acquire the shipping assets worth over  $5bn (£3.1bn). The Carlyle Group committed over 100 million dollars to InterLink Maritime, agreeing with it to order 10 bulk carrier ships (The Carlyle Group, 2018).

The Carlyle Group and Greater China Intermodal Investments have exited their joint venture maritime assets investor that was focused on Asia. The Carlyle Group sold the stake of the company to partner Seaspan Corporation based in the United States. Seaspan Corp, as per the deal with The Carlyle Group, acquired the remaining 89% it did not own in Greater China Intermodal Investments. Seaspan Corporation stated that an implied enterprise value of Greater China Intermodal Investments is almost 1.6 billion dollar, along with the assumed net debt of the third party of almost $1 billion and future vessel payments’ $140 million.

The Carlyle Group deployed approximately $900 million in equity capital within the last few years. The Carlyle Group’s recent acquisition in the joint venture of the entire stake in a bid to solidify the position of the company a largest independent containership owner-operator in the whole world. The Carlyle Group, for the deal, financed the consideration of the cash from a balance sheet of the company (International Shipping News, 2018). Interlink Maritime is a provider and owner of shipping companies founded by Paul Gurtler in 1979 controlling a fleet of 28 Handysize vessels. The Interlink Maritime is owned by The Carlyle Group in a majority, The Carlyle Group manages its assets with 174 billion dollars of assets. Most of the private equity funds of maritime are held by The Interlink Maritime (International Shipping News, 2018).