UPDATE 1-Union ratifies deal in Goodyear unit sale

(Reuters) - United Steelworkers members at four plants approved the
contract last week and the central union resolved remaining
issues with Carlyle over the weekend related to establishing a
secure trust for retiree health care.




Goodyear, the largest U.S. tire maker, agreed to sell the
unit to Carlyle for $1.48 billion earlier this year. Goodyear
has said it expects to complete the sale in the third quarter.
The sale was contingent on the new union contract.


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Union ratifies deal needed for Goodyear unit sale

(Reuters) - The union said local members at four plants accepted the agreement last week and the main union resolved remaining issues with Carlyle over the weekend related to establishing a secure trust for retiree health care.



The contract runs five years and is similar to a deal the union reached with Goodyear before the tiremaker agreed to sell the unit to Carlyle for $1.48 billion. Goodyear has said it expects to complete the sale in the third quarter.


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Private equity leads European cable deals- report

(Reuters) - The report singled out Cinven [CINV.UL], Carlyle Group,
Providence Equity Partners and Warburg Pincus [WP.UL] as being
particularly active.




Private equity actively invested in the cable industry in
the wake of the 2002 technology sector bubble bursting.


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Buyout firms tout record in UK political showdown

(Reuters) - Pressed about any negative effects of the leveraged buyout industry, representatives of Carlyle Group , Kohlberg Kravis Roberts & Co. , Permira and 3i Group were universal in saying they could think of none.




"Private equity is a force for good," KKR managing partner Dominic Murphy told a Treasury Committee, while Carlyle managing director Robert Easton said: "My own experience in private equity in this country has only been positive ... It's been positive for the companies I've been involved with."


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Home Depot to buy back stock, sell supply unit

(Reuters) - The sale of HD Supply to Bain Capital Partners, Carlyle Group and Clayton, Dubilier & Rice unloads a business built up by the home improvement retailer's former chief executive.




Shares of Home Depot rose 3.5 percent to $39.60 in after-hours trading on news the company would repurchase $22.5 billion in stock, or nearly one-third its total market capitalization of $74.9 billion, "as soon as practical."


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Lehman raises $1.5bln private equity fund of funds

(Reuters) - Among the private equity firms that Lehman invests in are
The Blackstone Group, Carlyle Group, Doughty Hanson and JC
Flowers & Co. LLC, said John Buser, managing director and head
of the Fund of Funds team.




Lehman said the fund will commit up to 20 percent of its
capital to co-investment deals alongside private equity firms
and to acquire private equity fund interests in the secondary
market.


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UPDATE 1-Dubai's DAE says funds for $1.8 bln US buy agreed

(Reuters) - DAE will buy Standard Aero Holdings Inc. and
Piedmont/Hawthorne Holdings Inc. from private equity firm
Carlyle Group [CYL.UL] for $1.8 billion, according to a
regulatory filing on April 2. [ID:nN02413923] The deal still
needs U.S. government approval.




"The funding for that transaction is complete," Michael
Killian, DAE's treasurer told Reuters in Dubai. "It's not all
equity." He declined to give details.


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