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The deal fits the Italian group's plan to increase the share of gas in its total hydrocarbon production and is expected to boost its earnings immediately, Eni said in a statement. Eni, which is controlled by the Italian government, owns 63% of Vaar and is the main beneficiary of cash dividends from the Oslo-listed unit. VAAR EXPANDING IN NORWAYUnder the agreement, Eni will acquire Neptune's entire portfolio other than its operations in Germany and Norway. The German operations will be carved out prior to the Eni transaction and the Norwegian operations will be acquired by Vaar directly from Neptune in a separate deal, the two groups said in a statement. The Vaar transaction will close immediately prior to the Eni deal with the proceeds from the Norway sale remaining with the business purchased by the Italian group.

Persons: Italy's Eni, Eni, Claudio Descalzi, Descalzi, Vaar, Torger Roed, Rothschild, Ernst, Young, Shadia Nasralla, Terje Solsvik, Alvise Armellini, Jason Neely, Simon Cameron, Moore, Philippa Fletcher Organizations: Eni, MILAN, Italy's, Neptune Energy, Vaar Energy, LNG, Eni's Gas, Royal Bank of Canada's, Neptune, China Investment Corporation, Carlyle Group, CVC Capital Partners, HSBC, White, Case, Thomson Locations: Europe, Algeria, Indonesia, Milan, Russia, Oslo, Norway, Vaar, NORWAY, Germany, Norwegian, Neptune, Neptune Norway, Italian, Britain, Netherlands, LNG, London

☆ David Rubenstein on China: Unrealistic to think you can 'decouple' the economic relationship
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Rubenstein on China: Unrealistic to think you can 'decouple' the economic relationshipDavid Rubenstein, The Carlyle Group co-founder and co-chairman, joins 'Squawk Box' to discuss the Fed's rate hike campaign, commercial real estate, U.S.-China relations, and more.

Persons: David Rubenstein Organizations: The Carlyle Group Locations: China, U.S

☆ Watch CNBC’s full interview with The Carlyle Group’s David Rubenstein
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with The Carlyle Group’s David RubensteinDavid Rubenstein, The Carlyle Group co-founder and co-chairman, joins 'Squawk Box' to discuss the market trends, the Fed's rate hike campaign, commercial real estate, and more.

Persons: Carlyle Group’s David Rubenstein David Rubenstein Organizations: The Carlyle Group

☆ Discounted real estate debt 'the biggest opportunity over the next 2 or 3 years': David Rubenstein
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiscounted real estate debt 'the biggest opportunity over the next 2 or 3 years': David RubensteinDavid Rubenstein, The Carlyle Group co-founder and co-chairman, joins 'Squawk Box' to discuss the market trends, the Fed's rate hike campaign, commercial real estate, and more.

Persons: David Rubenstein David Rubenstein Organizations: The Carlyle Group

☆ Going Bankrupt in the Name of Efficiency
▼ + stars: | 2023-06-21 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +3 min

People in favor of private equity will say that the firms serve a crucial function, making troubled businesses more robust and efficient. “Roughly one in five large companies acquired through leveraged buyouts go bankrupt in a decade,” he writes. By 2017, after years of layoffs, crushing debt and being charged regular management fees by the private equity firms “for the privilege to be owned by them,” Ballou writes, Toys “R” Us was bankrupt. Private equity firms have acquired nursing homes, provided staffing for hospitals and services for prisons. And, of course, the cost-cutting measures typically imposed on acquired companies often include slashed wages and abandoned pension obligations.

Persons: Ballou, ”, ” Ballou, Morgenson, Rosner, David Rubenstein, HCR, we’re, ” Rubenstein Organizations: KKR, Bain, Vornado Realty Trust, Carlyle Group, ” Industries

☆ The Best Place to Drink Is the Emptiest Bar in the City
▼ + stars: | 2023-06-20 | by ( John Cotter | ) www.nytimes.com time to read: +4 min

A decade on, I talk about this when I see old friends at hotel bars. It’s the kind of conversation we wouldn’t be able to have at a dark place full of thrum, or a pop-song bar with ironic cocktails. In a leather half-booth, in the emptiest bar in the city, there is no impetus to be decorous. I should clarify that I don’t mean fancy hotel bars — not the Ace, or even the W; not a storied corner like Bemelmans at the Carlyle. Return, for as long as you like, to the quiet place inside yourself that is always arriving, always traveling.

Persons: Carlyle, Hilton, —, Kate Wagner, Jen, Sommer, Let’s Organizations: Marriott Locations: cacophony, The Atlantic, polyamory

☆ The Fed would look ‘silly’ if it declares victory over inflation now, warns billionaire investor David Rubenstein
▼ + stars: | 2023-05-10 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

“It’s premature to have rate cuts this summer,” Rubenstein, the co-founder and co-chairman of The Carlyle Group, told CNN on Monday. The Fed will look silly if it declares victory at 4%,” said Rubenstein. But Wednesday’s inflation report is expected to show consumer prices are still rising at more than twice the Fed’s target. Despite pessimism on Wall Street and Main Street, Rubenstein said the US economy is “doing okay.”“This has been the most predicted recession in the history of recession predictions. “You could see the credit rating go down and interest rates go up,” said Rubenstein.

☆ Gallup poll: Americans have low confidence in Biden, Powell and Yellen on the economy
▼ + stars: | 2023-05-09 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Even with the unemployment rate tumbling to historic lows, nearly half (48%) of Americans say they have almost no confidence in Biden on the economy. Only 36% of Americans say they have confidence in Powell on the economy, a new low during Powell’s six-year tenure as Fed chief, while 28% say they have almost no confidence. The poll, taken April 3 to April 25, demonstrates how the anxiety caused by high inflation continues to overshadow the nation’s surprisingly strong job market. The economy added 253,000 jobs in April, dropping the unemployment rate to 3.4% — tied for the lowest since 1969. Gallup notes that confidence in leaders tends to rise and fall along with the fortunes of the economy.

☆ Carlyle in talks to take stake in Manchester United - Sky News
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File PhotoApril 15 (Reuters) - U.S. buyout firm Carlyle Group Inc (CG.O) is in talks about a "major" investment in Manchester United soccer club as the auction of the Premier League team enters its final stages, Sky News reported on Saturday. Carlyle and Manchester United did not immediately respond to a Reuters request for comment. Sports industry news site Sportico reported earlier this month that Manchester United would accept a third round of bids from prospective buyers at the end of April. The Glazers bought Manchester United in 2005 for 790 million pounds in a highly leveraged deal that has been criticised for loading debt on to the club.

☆ The 'Robinhood of passports' says it's a mistake to ban golden visas — make them fund affordable housing and refugee programs instead
▼ + stars: | 2023-04-12 | by ( Hannah Towey | ) www.businessinsider.com time to read: +8 min

Portugal and Ireland recently announced they are shutting down their "golden visa" programs. Their less-advantageous siblings, "golden visas," provide temporary residence permits in exchange for investment, as opposed to permanent citizenship. A golden taxInstead of banning golden passports and visas outright, countries should adjust the investment requirements to match their current needs, Arton says. A scandalous historyBut golden passports don't only raise the issue of inequality, the European Commission argues, they also pose a threat to national security. Last year, 282 of Ireland's 306 golden visa applications came from Chinese citizens, The Irish Times reported.

☆ It's clear we're unable to get unemployment as high as the Fed would like, says David Rubenstein
▼ + stars: | 2023-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear we're unable to get unemployment as high as the Fed would like, says David RubensteinDavid Rubenstein, The Carlyle Group co-founder and billionaire philanthropist, joins 'Squawk Box' to discuss his thoughts on the Fed, the banking crisis, and more.

☆ Watch CNBC's full interview with The Carlyle Group's David Rubenstein
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with The Carlyle Group's David RubensteinDavid Rubenstein, The Carlyle Group co-founder and billionaire philanthropist, joins 'Squawk on the Street' to discuss his macroeconomic outlook, finding value in stocks, inflation and his thoughts on private equity.

☆ The market finally recognizes inflation is not going away, says David Rubenstein
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market finally recognizes inflation is not going away, says David RubensteinDavid Rubenstein, The Carlyle Group co-founder and billionaire philanthropist, joins 'Squawk on the Street' to discuss his macroeconomic outlook, finding value in stocks, inflation and his thoughts on private equity.

☆ Returns from top venture firms NEA, DCM, and Khosla have been dismal over the past 2 decades, according to filings from California's largest pension fund, CalPERS
▼ + stars: | 2023-02-15 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

CalPERS is the US's largest public pension plan, managing the retirement accounts of 1.5 million California employees and retirees. Unlike many other financial institutions, VC funds are not required to show their return on investment in startups. The CalPERS fund's $75 million bet in 2001 on a venture fund managed by the Carlyle Group lost money. A $25 million investment in DCM's 2000 fund had a 1.9% IRR. Its $260 million investment in two Khosla Ventures funds in 2009 yielded an IRR of 11.8% for the early-to-midstage fund and 6.9% for the seed-stage fund.

☆ Billionaire investor David Rubenstein predicts stubborn inflation and warns recession fears can freeze markets. Here are his 6 best quotes from a new interview.
▼ + stars: | 2023-02-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The billionaire investor and Carlyle cofounder also forecast superior returns in private markets than public ones, and underlined the global growth opportunities for private equity. Trying to get to 2% and getting there quickly, you're going to almost certainly get a very high unemployment rate." "When you don't know if you're going into a recession or not, it tends to freeze markets. The largest part of the population of the world still has relatively modest penetration of private equity. (Rubenstein pointed to China, India, Latin America, Africa, and especially the Middle East as attractive growth markets for private equity.)

☆ Starboard nominates directors to the board at Rogers. Here’s how the firm could boost margins
▼ + stars: | 2023-02-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Activist Commentary: Starboard Value is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. On Dec. 15, 2022 , Starboard delivered a letter to the company nominating four directors for election to the board at the 2023 Annual Meeting. Both sides seem to share the same views regarding margin improvement, and there is a new CEO who Starboard likely supports. Having Starboard representation on the board would help management stay focused and get the support it needs. While Starboard is not advocating for any strategic transaction, the firm is an economic animal with fiduciary duties.

☆ Private equity giants are still racing to fill 2024 associate seats. See 8 firms — from Carlyle to Bain Capital — that have been recruiting first-year investment bankers for jobs that won't start for
▼ + stars: | 2023-01-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

Last year's on-cycle recruiting kicked off earlier than ever, and many junior bankers weren't ready. In an effort to win the war for talent that was raging last year, private equity firms pushed their recruiting efforts earlier than in ever— to late summer. To be sure, not all private equity firms kicked off on-cycle recruiting in August. It usually involves an intense week-long period (although sometimes shorter or longer) where private equity firms rush in to snag the top talent. The bottom line shows the month and year analysts started their roles, and the yellow line indicated when on-cycle recruiting began that season.

☆ The private equity industry is racing to fill 2024 associate roles after last year's hyper competitive hiring tactics backfired
▼ + stars: | 2023-01-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

☆ Virginia Gov. Youngkin stokes 2024 campaign speculation after killing Ford battery plant over China links
▼ + stars: | 2023-01-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +7 min

But this week, Virginia Republican Gov. (Virginia doesn't allow governors to serve consecutive terms, so Youngkin can't seek re-election.) “There’s a logic to the politics of Youngkin’s decision,” said Liam Donovan, a Republican strategist and lobbyist. Gretchen Whitmer telling the Detroit News that Youngkin’s “political determination” created an “exciting opportunity” for her state. “Carlyle makes a lot of money out of China,” said Surovell, the Democratic state senator.

☆ Palantir CEO tells tech workers who don't like the company's military deals, ‘Don’t work here’
▼ + stars: | 2023-01-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland. Palantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his data mining firm's dealings with intelligence agencies and the military. Tech workers have been more vocal in recent years in opposing their employers' contracts with the military. Two-thirds of people in Silicon Valley don't want to work for companies like Palantir, Karp said in Davos. "We don't like people who are coming in and saying, we want to kill terrorists and just without data protection," Karp said.

☆ Here's why Carlyle Group's Rubenstein says now is a good time to invest
▼ + stars: | 2023-01-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

The worst of the bear market appears to be over and investors should look at getting back into stocks, David Rubenstein of the Carlyle Group said Wednesday. "The best time to invest is when there's some uncertainty or when the economy seems to be a little bit nervous in terms of where it's going," Rubenstein said. "It's a good time to invest now, because I think the market is not going to see another 20% drop in public prices," he added. "I think that is probably past us, and I think we're probably coming back to the point where people are going to feel comfortable investing." Stocks have risen to start the year, with the tech-heavy Nasdaq Composite up 6% in 2023.

☆ David Rubenstein views Warren Buffett as the ultimate investor. The Carlyle billionaire outlines the 12 traits and habits that are critical to Buffett's success.
▼ + stars: | 2022-12-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

David Rubenstein calls Warren Buffett "the ultimate master of the investor craft" in his new book. He dedicated the compilation to Warren Buffett, calling him "the ultimate master of the investor craft." The Carlyle cofounder and private equity billionaire, in an interview with Insider in September 2022, detailed 12 traits and habits that make Buffett the epitome of a great investor. He's a pure investor, he's made it a lifelong vocation." Humility"Warren Buffett doesn't run around telling everyone how smart he is.

☆ Warren Buffett is likely to load up on cheap stocks as other investors panic in 2023, Elon Musk says
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett is likely go on a stock-buying spree in 2023, Tesla CEO Elon Musk says. Musk has flagged higher interest rates and a looming recession as headwinds for stocks. "If a company has very strong fundamentals, but then the market is doing some short-term panic situation, obviously that's the the right time to buy stock," Musk added. Still, Musk has quoted the investor on earnings calls, while Buffett has praised Tesla's unlikely success and hailed Musk as a "remarkable guy." Read more: David Rubenstein views Warren Buffett as the ultimate investor.

LONDON, Nov 30 (Reuters) - Eni (ENI.MI) is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations in Norway - home to Eni's Var unit - Britain, Indonesia - where Neptune shares licences with Eni - Algeria, the Netherlands and elsewhere. A banking source confirmed talks had taken place in recent weeks, but that the outcome was "far from guaranteed" as valuations differed. Eni and Neptune declined to comment.

☆ Treat investing in crypto like a trip to Las Vegas after FTX's collapse, says billionaire investor David Rubenstein
▼ + stars: | 2022-11-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

David Rubenstein warned investors to tread carefully around crypto after FTX's collapse. Crypto investing is like gambling because "you know you're probably going to lose," he said. "If you go to Las Vegas and you like to gamble, you know you're going to lose money," Rubenstein told "Mornings with Maria" on Fox Business. "So if it gives you pleasure to gamble, okay, so take the amount of money you're happy to lose, fine." That should encourage retail investors to stay away from crypto investing, according to Rubenstein.

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